Dyadem Named One of Canada’s Fastest-growing Companies by PROFIT Magazine

Toronto – June 1, 2009 – Dyadem, the leader in Operational Risk Management and Quality Risk Management solutions, today announced that it has been named to the 21st annual PROFIT 100 ranking of Canada’s fastest-growing companies by PROFIT Magazine.  Companies are named to the list based on their percentage revenue growth from 2003-08.  In this period of time, Dyadem grew 357%, to be named number 190 on the list of 200 companies.

Dyadem has grown from a humble start-up business to a global software company with offices in Canada, the United States and the United Kingdom, and customers on six continents.  Dyadem helps companies manage the risks associated with operating hazardous processes and the quality issues associated with designing and manufacturing products.  Its Stature enterprise software platform enables customers to identify, measure, mitigate and communicate risk and quality issues through a continuous improvement approach that allows companies to learn from their mistakes.  This allows greater operational transparency and inter-departmental communication so that problem resolution is expedited and repeat mistakes are minimized. 

“The PROFIT 100 are an inspiration to entrepreneurs at all stages of growth, from startup to major corporation,” says Ian Portsmouth, editor-in-chief of PROFIT.  “Their business practices and product innovations are exemplary of how businesses can succeed in uncertain times.”

The 21st annual PROFIT 100 has the same two-fold mandate as the ranking did at its inception: to celebrate entrepreneurship and to uncover the management practices of successful Canadian companies.  The list includes a mix of engrossing stories on Canada's rising business stars and practical management advice from PROFIT 100 CEOs.  Entrepreneurs with an interest in growing their business can learn from the stories of these fast-growing companies.  The PROFIT 100 table ranks the 100 fastest-growing companies in Canada by five-year revenue growth, while the Next 100 table features companies ranked from Nos. 101 to 200. 

“The PROFIT 100 is a tough list to crack and we’re proud to be a part of it this year.  In this difficult economy, companies are looking for ways to introduce better productivity into their organization and our Stature platform is designed to create efficiencies as well as improve operational transparency,” said Kevin North, President and CEO of Dyadem.  “We help manufacturers in every industry from pharmaceuticals to oil and gas minimize risk and maximize quality, two things that are integral to industry leadership and profitability.  Our customers are able to spend less money on compliance and spend more time on product development and sustainability.”

About Dyadem
Dyadem is the market leader in Operational Risk Management and Quality Risk Management solutions.  Dyadem provides software and services that empower companies to discover and manage the risks to people and products in the design and manufacturing processes.  Dyadem helps some of the world’s largest companies achieve regulatory compliance and business continuity, serving the Oil & Gas, Chemical, Mining, Pharmaceutical, Medical, Automotive, Electronics and Aerospace and Defense industries.  For more information, visit www.dyadem.com.

About PROFIT Magazine
PROFIT: Your Guide to Business Success, is Canada’s preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For more than 25 years, Canadian entrepreneurs across a vast array of economic sectors have remained loyal to PROFIT because it’s a timely and reliable source of actionable information that helps them increase their revenues, boost their profitability and get the recognition they deserve for generating positive economic and social change. Published six times a year by Rogers Publishing Ltd., PROFIT is distributed almost exclusively to the chief executives of companies with 5 to 250 employees and annual revenue of $1 million to $25 million, reaching 306,000 readers across Canada. Visit PROFIT online at http://www.PROFITmagazine.ca.