One of North America's largest and fastest growing software product development outsourcing companies, bitHeads inc., announces that it was ranked fourth on the Ottawa Business Journal's 2008 Fastest Growing Companies list. The list recognizes the fastest growing private companies over a three year period. Companies, to qualify, must be headquartered in the Ottawa area, have achieved a minimum level of revenue and been cash-flow positive in the three previous years.

bitHeads recently reported that revenue for its fiscal year ending December 31, 2007 was $13.1 million, up 106% compared to the previous year. New and expanded product development partnerships with companies in the communications, mobile and games industries drove the growth.

bitHeads CEO, Scott Simpson, states: "We've been able to grow consistently and profitably in the face of intense competition from outsourcers based in India, Russia and other lower cost regions". "We attribute our competitiveness mainly to the quality of our people and processes. We invest heavily in our employees and their work environment and we've been rewarded by a highly skilled team with incredible dedication to the cause of building great products for our customers."

bitHeads is the software product-building partner that has helped IBM, Cryptologic, Adscape Media (now Google), 3Com, Mitel, RIM and many others get award-winning software products and games to market faster. bitHeads' unique approach provides rapid deployment product development teams, a proven methodology for building new products faster and a partnership model based on a commitment to successful delivery. Around the globe, millions of people, play games and use software products that have been built by bitHeads.