One of Canada's fastest growing companies now growing faster than ever
May 18, 2010, KITCHENER, ONTARIO – Xylotek Solutions, a full-service, IT consulting firm that has been one of the fastest growing companies in Canada, is moving its offices to the Cambridge Corporate Centre, a 25-acre business park with a mix of office, prestige industrial, and hospitality suites.
This summer Xylotek will move to the new facility, which is located on Jamieson Parkway at Townline Road and Highway 401 in Cambridge. The company will have more than three times its current space. For the past three years, Xylotek has been at 305 King Street West in Kitchener.
Douglas Grosfield, President and CEO of Xylotek, says the company’s rate of growth continues to accelerate, surpassing the pace of the previous several years of greater than 100% year over year. The number of staff has doubled to 20 and, according to Grosfield, could reach a complement of nearly 30 by the end of 2010.
“We have been very successful and attribute it to creating a sound and aggressive plan, and then following it,” says Grosfield. “We had a strong foundation to begin with and have always taken a preventative approach to how we support our clients, as opposed to the break-and-fix mentality you see with so many companies in our industry.”
Xylotek achieved growth of 126 percent even during the height of the recession and has a number of new clients, including large financial institutions and local players in the software industry. Most of the company’s recent growth has been in its virtualization practice, its application monitoring practice, and its recovery management offering.
Xylotek, which celebrates its fifth anniversary on June 1, has received significant recognition as a technology growth company. For two years running, it made the PROFIT HOT 50 list, which is the definitive ranking of Canada’s Emerging Growth Companies. The ranking, published in PROFIT Magazine and online at PROFITguide.com, ranks young firms by two-year revenue growth. In March of this year, Xylotek was again honoured by the Greater Kitchener Waterloo Chamber of Commerce as a nominee for Business of the Year for firms with under 20 employees. Last year it won the award. Xylotek is also nominated for an RBC Royal Bank Award for Small Business - Business Excellence award in the 28th annual Ontario business Achievement Awards (OBAA) for 2010.
Xylotek was established in 2005 by two local systems engineers – Grosfield and Michael Topp. A third partner, Chris Pickard, joined them one year later.
Xylotek is involved with the Waterloo Region Immigrant Employee Network, which provides internships for immigrants possessing trade skills. As well, it is involved with co-op programs at the University of Waterloo, Wilfrid Laurier University, and Conestoga College. All three institutions offer four-month, work terms for students as part of their programs of study. In addition to being a member of the Kitchener Waterloo Chamber of Commerce, Xylotek is a Titan sponsor of the technology organization Communitech. It actively supports such charities as the Children’s Wish Foundation, Child Find Canada, The Helping Others Together (HOT) Ride, Prostate Cancer Ride for Dad, and the CIBC Run for the Cure.
Xylotek is a full-service, IT consulting firm with a focus on system and network administration. Now in its fifth year, the company has over 200 active clients from a wide variety of sectors – insurance, healthcare, manufacturing, transportation, automotive, government, and charitable organizations. Clients range from small- and mid-size companies to large-scale data centres. They include Ontario College Application Services (OCAS), Colleges Ontario, Moneris Solutions, Ontario Power Generation, Office of the Commissioner of Official Languages, Desire2Learn, Cambridge Memorial Hospital, Whitby Mental Health Centre, Magellan Aerospace, Brick Brewing Company, Ogilvy Renault, Ontario Problem Gambling Research Centre, Solowave Design, Jardine Lloyd Thompson Canada, Plant Products, and Merak Systems Corporation to name a few.
Xylotek’s Corporate Partnerships and Vendor Relationships include: Gold Partner for CA, Certified Partner with Microsoft, VMware Partner, Silver Level Partner with Citrix, Application Monitoring Space Partner with eG Innovations, IBM xSERIES ePARTNER, Oracle/Sun Microsystems Partner, HP Partner, Symantec Partner, FortiNet Gold Partner, and Cisco Partner. Xylotek is working toward its Premier Level Partnership with IBM.