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MAGNET FORENSICS Ranks No. 16 on the 2012 Profit Hot 50

Waterloo, Ont., August 29, 2012—PROFIT magazine today ranked MAGNET FORENSICS INC. (formerly JADsoftware) number 16 on its 13th annual PROFIT HOT 50, the definitive ranking of Canada’s Top New Growth Companies.  Published in the October issue of PROFIT magazine and online at PROFITguide.com, the PROFIT HOT 50 list ranks young firms by two-year revenue growth. 

MAGNET FORENSICS, a global leader in the development of software solutions for digital forensic professionals to assist in building the best possible cases, made the PROFIT HOT 50 list with two-year revenue growth of 549%.

“A talented and diverse group of entrepreneurs have built this year’s HOT 50 companies,” says Ian Portsmouth, Publisher and Editor-in-Chief of PROFIT. “Their creativity and ambition spell a bright future for their businesses, and point the way to success in Canada’s ever-challenging economy.”

“MAGNET FORENSICS is honoured to be named to the PROFIT HOT 50 ranking amongst the top entrepreneurs in the country,” says CEO Adam Belsher. “This achievement is a testament to the strength of our flagship software, Internet Evidence Finder (IEF), and the dedication and focus of our talented team.”

Developed in 2009 by Waterloo police officer and forensics examiner, Jad Saliba to help him recover Internet communications from computer hard drives and live memory, IEF is now used by thousands of the world’s top law enforcement, military, government and corporate organizations to help recover key evidence for their digital investigations.  

Saliba, now CTO of MAGNET FORENSICS says the growth the company has experienced since taking on his role full-time has surpassed his wildest expectations.  “We are more excited than ever about the future of MAGNET FORENSICS, and committed to the continual development of IEF and a broader suite of forensic products to help our customers build the best cases.” 

Media Contact:
Lindsay Cournoyer
Marketing Communications Manager, Magnet Forensics
lindsay.cournoyer@magnetforensics.com
(519) 342-0195 x 3407

About PROFIT Magazine and PROFITguide.com 
PROFIT: Your Guide to Business Success is Canada’s preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For 30 years, Canadian entrepreneurs and senior managers across a vast array of economic sectors have remained loyal to PROFIT because it’s a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at www.PROFITguide.com.

About Magnet Forensics
Magnet Forensics is a global leader in the development of software solutions for digital forensic professionals to assist in building the best possible cases.  Our flagship software, Internet Evidence Finder (IEF) was developed by a former police officer and forensic examiner who recognized the need for an easy to use, comprehensive tool to help perform digital investigations. 

Since its creation, IEF has quickly become a trusted solution for thousands of the world’s top law enforcement, government, military and corporate organizations in over 92 countries, used to recover a broad range of Internet-related communications. Court-admissible evidence recovered by IEF from computer hard drives and live memory can include webmail, browser history, social networking and cloud applications, P2P files and instant messaging communications; and has been used to support a wide-variety of investigations including cybercrimes, child exploitation, terrorism, human resource disputes, fraud, and intellectual property theft.

For a free trial of Internet Evidence Finder, please visit us online at www.magnetforensics.com/trial.

Read the full artical at http://www.profitguide.com/startup/success-stories/profit-hot-50-16-the-spoils-of-toil-39762