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Xsilva Systems ranks #1 in Quebec and #24 in Canada in 23rd annual PROFIT 200 ranking of Canada's Fastest-Growing Companies by PROFIT Magazine
Jun 01, 2011 (06:06 PM EDT)


Exceptional 1,900 percent revenue growth over past five years propels Xsilva to the top of the list

MONTREAL, June 1, 2011 /PRNewswire/ - Xsilva Systems, makers of unified retail Point of Sale tools sold under the LightSpeed brand, today was ranked the Fastest-Growing Company in Quebec and 24th fastest in all of Canada in the 23rd annual PROFIT 200 ranking of Canada's Fastest-Growing Companies by PROFIT Magazine.

Ranking Canada's Fastest-Growing Companies by five-year revenue growth, the PROFIT 200 profiles the country's most successful growth companies. Published in the Summer issue of PROFIT and online at PROFITguide.com, the PROFIT 200 is Canada's largest annual celebration of entrepreneurial achievement.

Over the past five years, Xsilva has grown its worldwide customer base, built its network of resellers and expanded its Mac product offering to reflect the needs and wants of the iGeneration. By continuously upgrading its core platform to integrate new capabilities, refreshing its Web Store module and introducing LightSpeed Mobile, its award-winning mobile Point of Sale system for devices running iOS, the company has achieved impressive 1,900 percent revenue growth.

"Xsilva is honoured to be named one of Canada's Fastest-Growing Companies, and we believe that by continuing to develop and offer next-generation retail technology at an affordable price, we'll experience even more growth in the coming years," says Dax Dasilva, CEO and founder of Xsilva Systems. "To be ranked Number One in Quebec is a great boost for our ongoing efforts to build our team here in Montreal, as we source exceptional talent in the areas of product development, design and sales that can help support our continued growth."

"The PROFIT 200 companies are the innovative, high-growth enterprises Canada needs to compete on the global stage," says Ian Portsmouth, Editor-in-Chief of PROFIT Magazine. "PROFIT is proud to celebrate their achievements and ambitions, and we encourage all businesspeople to learn more about the many ways they've come so far, so fast."

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 29 years, Canadian entrepreneurs and senior managers 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 achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at PROFITguide.com.

About Xsilva Systems
Xsilva Systems makes a comprehensive suite of retail tools under the LightSpeed brand that are tailored to the Mac platform and intended to help individual retailers and small to medium-sized retail chains grow and manage their businesses more effectively. LightSpeed makes managing a retail business as easy as click, drag and drop, and features a powerful front-counter Point of Sale solution. It also features extensive quoting, ordering and invoicing capabilities, label and barcode printing, reporting, inventory management, customer profiling and tracking, credit-card processing, gift cards and multi-store functionality. Add-on module LightSpeed Web Store allows retailers to generate and maintain a customizable PHP- and CSS-based e-commerce site from their LightSpeed database. LightSpeed Mobile offers retailers the ability to eliminate impersonal cash register line-ups and instead complete transactions on the retail floor using the same hardware as Apple does in its own retail stores. This mobile Point of Sale system represents the very latest in retail technology, without the high cost of custom application development that big box stores are paying to achieve the same functionality.

For more information on Xsilva Systems, please visit www.xsilva.com.

"LightSpeed" is a trademark of Xsilva Systems Inc. The names of other companies or products mentioned herein may be the trademarks of their respective owners.

SOURCE XSILVA SYSTEMS INC