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LOGiQ³ Again Recognized as One of Canada's Fastest Growing Companies

1 June 2011: Insurance and reinsurance outsourcing company LOGiQ3 today placed 25 in the 23rd annual PROFIT 200 ranking of Canada's Fastest-Growing Companies by PROFIT Magazine.

Ranking Canada's Fastest-Growing Companies by five-year revenue growth, the PROFIT 200 profiles the country's most successful growth companies. Published in the Summer issue of PROFIT and online at PROFITguide.com, the PROFIT 200 is Canada's largest annual celebration of entrepreneurial achievement.

Simon Bell, COO and cofounder of LOGiQ3 says "We are very proud of this accomplishment and excited to have raised our position over our 2010 ranking of 37. This is a direct testament to the quality and dedication of the LOGiQ3 team."

"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."

About LOGiQ3

LOGiQ3 is one of the leading agents of change within the life insurance and reinsurance industry.

LOGiQ3 provides a variety of outsourcing services including reinsurance administration, production underwriting, auditing, consulting and training to companies in North America, Europe and the Caribbean from its offices in Toronto, Canada, and Cardiff, UK. www.logiq3.com

Chris Murumets, Chief Executive Officer, has been in various sectors of the reinsurance service chain since 1990 and prior to LOGiQ3 worked with Sun Life Reinsurance.

Simon Bell, Chief Operating Officer, has a broad technology background and previously worked for Friends Provident in the UK. Former co-chairperson of the ACORD life reinsurance working group he helped in defining data standards for the life reinsurance industry.

About PROFIT Magazine

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 29 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 PROFITguide.com.