Press releases

Because it’s 2016: Deloitte Technology Fast 50 winners are more diverse and growing faster

BC-based companies snag the top two spots on Deloitte's Technology Fast 50

Toronto, November 16, 2016 – Deloitte today announced the winners of its Technology Fast 50 program – a class of companies that are more diverse and growing faster. Over four times as many of this year’s winners had greater than 40 percent of their hires be women than last year (32 percent vs. 8 percent) and achieved strong average three-year revenue growth of 2,652 percent, more than double the same figure for 2015 winners.

Technology Fast 50 companies are selected for demonstrating innovation, leadership and rapid revenue growth over their last four years of operations. Deloitte also celebrated winners of its Companies-to-Watch (CTW) category for early stage growth and its Leadership Award category.

Clinching the top spot on this year’s Technology Fast 50 list is UrtheCast, a Vancouver-based technology company that serves the rapidly evolving geospatial and geoanalytics markets with a wide range of information-rich products and services. Urthecast had a revenue growth of 72,938 percent between 2012 and 2015.

In second place is Cooledge Lighting Inc., another Vancouver-based company that specializes in delivering innovative lighting solutions, with a growth of 16,966 percent between 2012 and 2015.

In the third spot is Calgary-based Benevity Inc., a global leader in online workplace giving, matching, volunteering and integrated grant management solutions, achieving a growth rate of 5,869 percent.

Last month, Deloitte released The future belongs to the bold, a report that links for the first time courageous actions to stronger business results. Among the findings, the report revealed that courageous businesses pursue growth more aggressively than their fearful peers. Almost three quarters (sixty-nine percent) of courageous businesses saw revenues rise last year, compared to less than half (forty-six percent) of fearful businesses. Fast 50 winners achieve impressive growth which can be an indication of their continual pursuit of courageousness through deliberate action and bold decision-making.

“Technology Fast 50 winners are just the kind of companies we need in order to compete on a global basis and grow more prosperous as a nation,” said Anders McKenzie, Technology, Media and Telecommunications (TMT) Managing Partner and Leader for Deloitte’s Technology Fast 50 program. “They push the boundaries of innovation and make investments to bring new products and services to market. These are bold companies that pursue growth aggressively and are rewarded with increased revenues.”

Deloitte’s annual survey of Technology Fast 50 company CEOs found that developing more inclusive leadership skills, hiring a more diverse employee base and establishing senior managers and managers as models for inclusion are the top three steps that winners believe their company should take to create an inclusive and engaged workplace. 83 percent agree that creating and maintaining a diverse and inclusive workplace is one of the top 3 strategic drivers of their company’s success.

“It’s encouraging that Fast 50 companies are not only investing in innovation and pursuing better business outcomes, but they also understand the value of leveraging diverse perspectives and experiences to propel their businesses forward,” said McKenzie.

Thirty-one companies on this year’s Technology Fast 50 program are first-time winners. The majority of the Technology Fast 50 winners are from Ontario (27), followed by British Columbia (12) and Quebec (7) with the remaining balance from the Prairie region. This year’s Leadership award winners include Aeryon Labs, Big Blue Bubble, Klick, Index Exchange and Real Matters. This prestigious category recognizes organizations for demonstrating innovation and leadership.

A complete list of winners of the Technology Fast 50, Companies-to-Watch and Leadership Award categories is available at www.fast50.ca

Rank

Growth %

Company name

City

Province

1

72938.0%

UrtheCast

Vancouver

British Columbia

2

16966.1%

Cooledge Lighting Inc.

Richmond

British Columbia

3

5869.7%

Benevity Inc.

Calgary

Alberta

4

3809.2%

Maropost

Toronto

Ontario

5

3802.6%

Prodigy Ventures

Toronto

Ontario

6

2703.4%

Canada Drives

Vancouver

British Columbia

7

2146.8%

iotum

Toronto

Ontario

8

1704.5%

Sortable

Kitchener

Ontario

9

1640.3%

Wave

Toronto

Ontario

10

1519.6%

Axonify

Waterloo

Ontario

11

1312.6%

Plusgrade

Montreal

Quebec

12

1080.9%

Big Blue Bubble

London

Ontario

13

998.5%

MobileLIVE

Richmond Hill

Ontario

14

863.8%

Unbounce

Vancouver

British Columbia

15

818.4%

JUICE Mobile

Toronto

Ontario

16

815.4%

You.i TV

Kanata

Ontario

17

662.1%

Clearpath

Kitchener

Ontario

18

606.8%

Top Hat

Toronto

Ontario

19

586.7%

Magnet Forensics Inc.

Waterloo

Ontario

20

577.0%

PixMob

Montreal

Quebec

21

573.2%

Traction on Demand

Burnaby

British Columbia

22

544.4%

Vena Solutions

Toronto

Ontario

23

503.8%

Corvus Energy

Richmond

British Columbia

24

494.0%

Aeryon Labs

Waterloo

Ontario

25

481.3%

XYZ Technologie culturelle

Montréal

Quebec

26

473.1%

Financeit

Toronto

Ontario

27

448.6%

Appnovation Technologies

Vancouver

British Columbia

28

441.6%

8D Technologies

Montréal

Quebec

29

430.4%

ScribbleLive

Toronto

Ontario

30

414.5%

Livestock Water Recycling Inc.

Calgary

Alberta

31

395.4%

EventMobi

Toronto

Ontario

32

390.7%

Neurio

Vancouver

British Columbia

33

383.5%

Dealer-FX

Toronto

Ontario

34

367.3%

Solido Design Automation

Saskatoon

Saskatchewan

35

360.6%

eSentire

Cambridge

Ontario

36

341.8%

Eddyfi

Quebec

Quebec

37

332.0%

Dejero Labs

Waterloo

Ontario

38

330.6%

VistaVu Solutions Inc.

Calgary

Alberta

38

330.6%

Embrionix

Laval

Quebec

40

323.5%

360insights

Whitby

Ontario

41

314.7%

Clio

Burnaby

British Columbia

42

307.8%

AcuityAds Inc

Toronto

Ontario

43

299.8%

Copperleaf

Vancouver

British Columbia

44

299.5%

Kinova Inc.

Boisbriand

Quebec

45

293.0%

Resolver

Toronto

Ontario

46

287.0%

Big Viking Games

London

Ontario

47

269.5%

ProntoForms

Ottawa

Ontario

48

268.4%

Avigilon Corporation

Vancouver

British Columbia

48

268,4 %

Q4 Inc.

Toronto

Ontario

49

252.3%

Vendasta Technologies, Inc.

Saskatoon

Saskatchewan

50

230.2%

Zafin

Vancouver

British Columbia


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