Pandell Named in Branham's Top 250 Canadian Technology Companies™
Calgary, AB – (June 26, 2010) Pandell Technology Corporation, a pioneer of Software-as-a-Service (SaaS) solutions for the energy and government sectors, announced today that it was recognized by Branham Group Inc. as a 2009 Top 250 Canadian Technology Company.
For nearly two decades, the Branham300 has recognized the top Canadian and Multinational Information and Communication Technology (ICT) companies operating in Canada and is widely considered to be a leading source of intelligence on Canada's ICT industry. The economic environment that developed in late-2008 and remained for much of 2009 resulted in a mix of opportunity and hardship for the Industry's leading firms, with the Top 250 companies appearing on this year's Branham300 combining to generate $71.32 billion in revenue, down six per cent compared to 2008, but up 43 per cent compared to 2003; the first year that Branham compiled its Top 250 listing.
"There’s no doubt the difficult economic conditions last year created some challenges," says Greg Chudiak, Pandell's President and CEO. "However, with the strength of our software-as-a-service (SaaS) based recurring revenue model, we were able to weather the storm successfully."
Pandell is an industry leader in delivering Software-as-a-Service (SaaS) solutions to 500+ energy companies in Canada, the USA, and abroad. Our customers range from startups to major enterprises across energy sectors including oil & gas, pipelines, utilities, mining, and renewable energy. Our cloud-hosted product suite helps finance, land, and field operations run their business more effectively; while our enterprise division builds and manages large-scale web portal applications that facilitate work across organizations. Combining the strength of our industry experience, Lithium™ technology, and practical software subscription model, we are Crafting the Future of Energy Software.