|By Marketwired .||
|June 12, 2014 04:05 PM EDT||
CALGARY, ALBERTA -- (Marketwired) -- 06/12/14 -- Cortex Business Solutions Inc. (TSX VENTURE:CBX) (OTCQX:CTPNF), an enterprise e-Procurement solutions company, was ranked 303rd in the 2014 PROFIT 500 list of Canada's fastest-growing companies by revenue growth over the five-year period from 2008 to 2013.
The definitive ranking looks at a five-year period to ensure that companies on the list have proven themselves as viable, have a stable and scalable group of customers and sustained growth for a reasonable period of time. Over the past five years, Cortex increased revenues by 175%.
"Over the past several years, we have focused on providing our customers with exceptional e-Procurement solutions that improve efficiencies and reduce costs," said Art Smith, president and CEO of Cortex. "Our robust organic growth is the result of introducing value-added services to our clients and increased activity across the Cortex Trading Partner Network. We are honored to be included in the PROFIT 500 list alongside other motivated, forward-thinking companies throughout Canada."
"The members of the PROFIT 500 are the elite of the country's entrepreneurial community," said James Cowan, Editor-in-Chief of Canadian Business and PROFIT. "Their stories are lessons in business strategy, innovation, management excellence and sheer tenacity."
About Cortex Business Solutions
Cortex Business Solutions Inc. (TSX VENTURE:CBX) (OTCQX:CTPNF) is an enterprise e-Procurement solutions company that improves efficiencies, reduces costs and streamlines procurement and supply chain processes for its customers. Accessing the Cortex Network enhances the exchange of business critical documents, such as purchase orders, receipts and invoices, resulting in improved cash flow management and business controls, while reducing day's outstanding and administrative costs. Cortex is a low cost, low risk solution that can be implemented quickly by leveraging clients' existing business environment. For more information, please visit www.cortex.net.
Security, data privacy, reliability and regulatory compliance are critical factors when evaluating whether to move business applications from in-house client hosted environments to a cloud platform. In her session at 18th Cloud Expo, Vandana Viswanathan, Associate Director at Cognizant, In this session, will provide an orientation to the five stages required to implement a cloud hosted solution validation strategy.
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