Steve Li says Avigilon is the 2012 Canadian Tech Stock of the Year

Industrial Alliance Securities analyst Steve Li says Avigilon should take home the award for 2012 Canadian Tech Stock of the Year.

Industrial Alliance Securities analyst Steve Li says Avigilon should take home the award for 2012 Canadian Tech Stock of the Year.

In Canada these days, the tech IPO is a rare bird.

Perhaps, however, the notable success of Avigilon (TSX:AVO) will help lure some of our many exceptional private techs to the public markets.

Avigilon IPO’d last November at $4.50 and quick began dispelling any notion that its success as a private company would continue under the microscope of public ownership. The company has continue to deliver high double-digit growth on the way to what management believes will be a half-billion dollar company by 2016.

The run up in the company’s shares, to recent highs near the $12 mark, have no doubt impressed investors. The analysts acting as judges for the 2012 Cantech Letter Awards have also taken notice. Earlier today, Byron Capital’s Tom Astle talked about why Avigilon was his pick for Canadian tech stock of the year. Now we give you the picks of Industrial Alliance Securities analyst Steve Li, which are also headed by Avigilon.

Steve Li, 2012 TSX Tech Stock of the Year

1. Avigilon (TSX:AVO): Delivered excellent financial results and exceptional stock performance +175%.

2. TECSYS (TSX:TCS): Focus in certain verticals, notably in healthcare, is starting to pay off.

3. Miranda Technologies (TSX:MT): Successful takeover by Belden.

Steve Li, 2012 TSX Tech Executive of the Year

1. Ken Dedeluk, Computer Modelling Group (TSX:CMG): Another year of exceptional performance.

2. Claude Roy / Mediagrif (TSX:MDF): Phenomenal job in integrating Lespacs.

3. Mark Leonard, Constellation Software (TSX:CSU): Great M&A execution.

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About Nick Waddell

Cantech Letter founder and editor Nick Waddell has lived in five Canadian provinces and is proud of his country's often overlooked contributions to the world of science and technology. Waddell takes a regular shift on the Canadian media circuit, making appearances on CTV, CBC and BNN, and contributing to publications such as Canadian Business and Business Insider.

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After zooming in to take a look at Avigilon's notable first full year as a public entity, Byron Capital's Tom Astle says the Vancouver company is his choice for Canadian Tech Stock of the Year.
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