Technology Fast 50 program
And the 2019 winners are...
Innovation. Transformation. Together.
Deloitte is pleased to announce the 2019 winners of its Technology Fast 50, Companies-to-Watch and Enterprise Fast 15 programs. Recognizing the world-class achievements of Canadian technology companies, the Technology Fast 50 program highlights true commitment to innovation, leadership, and rapid revenue growth between 2015 and 2018. This year, the average three-year growth of the Fast 50 winners is 1,689 per cent.
Kitchener takes the top spot
For 22 years, this program has recognized forward-thinking companies at the cutting edge of innovative technologies. At the top of the Fast 50 list this year is ApplyBoard, a SaaS-enabled recruitment platform uniquely designed to help international students study at the best institutions of higher education globally. With three-year growth of 12,525 per cent, the Kitchener-based company is revolutionizing the way students experience the application process by empowering them to access the best education available.
The majority of this year’s Fast 50 winners are based in Ontario (27), followed by British Columbia (10), Quebec (7), with the balance from the Prairie region (4), National Capital Region (NCR) (1), and Atlantic region (1).
New this year, the Enterprise Fast 15 ranking.
This new leadership category recognizes fastest-growing enterprise-level technology, media, and telecommunications companies by revenue-growth percentage over their last four years of operation. It’s open to companies that recorded a minimum revenue of $10 million in 2015 and a minimum revenue of $25 million in 2018. The 2019 winners are: AcuityAds Inc., Aucerna, Behaviour Interactive, BroadbandTV, Buyatab Online Inc., Canada Drives Ltd., Doxim, ecobee, Fleet Complete, GSoft, Plusgrade, and Sangoma. Ranging from British Columbia to Quebec, these winners dominate in their sector and join the ranks of other global leaders across Canada.
Adjusting to the market
Deloitte’s annual survey of Technology Fast 50 CEOs found the labour market to be the biggest challenge for respondents in 2019. A reoccurring theme seen over the last three years, half of respondents ranked the labour market as the number one challenge facing their business this year. Seventy-five per cent of the respondents cited the biggest challenges within the labour market being the availability of talent they need and attracting the right talent.
Marked as the second biggest challenge among this year’s Fast 50 CEOs, respondents believe technology advancements pose a significant hurdle to their business. Rather positively, there has been an increase in those that reported using more artificial intelligence and cognitive technologies than they did a couple of years ago. Forty per cent of the Fast 50 companies surveyed believe the primary impact of their use of AI and cognitive technologies is that it allows their business to grow faster and be more flexible.
About Technology Fast 50
The Technology Fast 50™ program celebrates innovation, rapid revenue growth, and entrepreneurial spirit. Awards are presented in categories that define and characterize the unique strengths of the Canadian technology industry. Winners include both public and private companies in a variety of industry sub-sectors, including hardware, software, telecommunications, emerging technology, and digital media.
The program features four components:
- Technology Fast 50™ ranking
- Enterprise Fast 15 ranking
- Companies-to-Watch Awards
- North American Technology Fast 500 ranking