ARM Company Ranked as One of Canada's Fastest Growing Companies

Stratford, Ontario-based Credit Risk Management (CRM) announced that it has earned a spot on Canada’s Fastest Growing Companies List. 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.

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 percent 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.

Famme and Company’s Brad McNeil says “Over the past decade, I have watched CRM steadily grow and become a leader as a direct result of many years of hard work and dedication by its management and staff.  The professionalism of the organization and the nature in which they conduct their business makes them a leader not only in their industry, but also in our community.”

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.”

Credit Risk Management is a privately owned national provider of debt recovery solutions and risk management software and strategies for lenders and credit grantors.