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June 2, 2011

 

Just Announced!

 

Our Clients Make the Difference.

Thank You for Making it Possible.


We thought you'd be interested to share the great news and see a press release that went out today naming CRM as one of Canada's Fastest Growing Companies.

You don't have to be a large company from Toronto or Vancouver to earn accolades in that national business community.

Stratford based Credit Risk Management (CRM) bucks a few trends by earning a spot on Canada's Fastest Growing Companies List which is Canada's largest annual celebration of entrepreneurial achievement. The PROFIT 200 profiles the country's most successful growth companies and the full list is published in the Summer issue of PROFIT and online at PROFITguide.com.

The PROFIT 200 ranking, produced by PROFIT Magazine, celebrates the success of the best and brightest companies from all sectors of the economy. PROFIT 200 alumni include companies that have grown into some of the most recognized names in Canadian business, such as RIM, WestJet, Garda and Forzani Group. And Robert Herjavec, CEO of The Herjavec Group and a star of TV's Dragons' Den, says this about the program: 

"When I launched my first business, I had two goals in mind: to survive, and to make the PROFIT 200 ranking." He achieved both and is a speaker at this year's CEO Summit. The list ranks Canada's Fastest-Growing Companies by five-year revenue growth, comparing revenues from 2005 with 2010.  Credit Risk Management has achieved over 300% growth in that five year period.  Noteworthy because rapid growth is common in the first few years of a business start up, going from zero to any profit will net a percentage growth and is part of the normal business curve for successful businesses, but to sustain the growth as the company celebrates more than 40 years in business is unique.

The local company has enjoyed steady growth currently employing 71 people from Stratford and the surrounding area.  Founded in 1970 by Doug Forster and led by Ron Connolly who after 40 years at the company still enjoys his ongoing role as Senior VP at CRM. The company began as the Credit Bureau of Stratford and has evolved into a national provider of debt recovery solutions and risk management software for lenders.  In the past 24 months alone CRM's debt recovery division returned over $28 Million to local, regional and national business communities, which is an integral part of cash flow for business.  "We are extremely proud of our performance, and PROFIT Magazine's recognition of our accomplishments," says Tracey Ivanyshyn, President of Credit Risk Management (CRM). "CRM's success is the result of our entire team's dedication and hard work over many years, and of course our growth would not be possible without a remarkably loyal client base with whom we share this distinction."

Stratford Mayor Dan Mathieson comments "We're really proud of Credit Risk Management's achievement being named one of Canada's fastest growing companies. It's this kind of progressive and innovative thinking that validates Stratford's designation as one of the Top 7 Intelligent Communities in the World for 2011. CRM and others in our active business community drive Stratford's growth and enhance our reputation as an influential force in the global economy."

"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."

Sincerest gratitude, once again to our clients who have supported us for many years.  You are truly important to us - it's an honour and gives us great pride to stand alongside you in the business community.