September 22, 2015 05:17 ET

Karelab Ranks No. 48 on the 2015 PROFIT 500

PROFIT magazine unveils 27th annual list of Canada's Fastest-Growing Companies

MONTREAL, QUEBEC--(Marketwired - Sept. 22, 2015) -

Editor's Note: There is a photo associated with this press release.

Canadian Business and PROFIT recently ranked Karelab No. 48 on the 27th annual PROFIT 500, the definitive ranking of Canada's Fastest-Growing Companies. Published in the October issue of Canadian Business and at PROFITguide.com, the PROFIT 500 ranks Canadian businesses by their five-year revenue growth.

"The PROFIT 500 represent the highest tier of entrepreneurialism in Canada," says James Cowan, editor-in-chief of PROFIT and Canadian Business. "They should be lauded for the positive economic contributions they've made to their communities - and the entire country. They are examples of what can be accomplished with innovation, discipline and determination."

Karelab made the 2015 PROFIT 500 list with five-year revenue growth of 1 468%. Karelab CEO and founder Marc-André Lanciault is very happy about this rank: «We are incredibly proud to be part of the 2015 PROFIT 500. It is an indicator that our product as well as the passion, talent and energy of each and everyone of our employees contribute to the success of our clients, which then reflects our own success».

Karelab gained its rank by ingeniously fitting in between several markets: employee performance, employee recognition and employee rewards. Karelab created a unique product based on game mechanics and found its own place on a competitive market. The Gamification Platform includes interaction and learning modules, motivation campaigns, games, quizz… Karelab recently published a white paper explaining how gamification can be implemented in unlikely environments like sales, marketing and human resources departments. This publication explains, for the first time in Québec, how to implement gamification in organisations and why 50% are already using it to reach their goals.

About PROFIT and PROFITguide.com

PROFIT is Canada's preeminent media brand dedicated to the management issues and opportunities facing small and mid-sized businesses. For 33 years, Canadian entrepreneurs 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 at PROFITguide.com.

About Canadian Business

Founded in 1928, Canadian Business is the longest-serving, best-selling and most-trusted business publication in the country. With a total print readership of more than 600,000, it is the country's premier media brand for executives and senior business leaders. It fuels the success of Canada's business elite with a focus on the things that matter most: leadership, innovation, business strategy and management tactics. We provide concrete examples of business achievement, thought-provoking analysis and compelling storytelling, all in an elegant package with bold graphics and great photography. Canadian Business - what leadership looks like.

About Karelab

Founded in 2003, Karelab provides innovative tools and personalized services for measuring and boosting performance, engagement and recognition in the workplace. The Karelab Gamification Platform is a performance management software and enterprise social network that drives motivation and builds a sense of online community among co-workers. We want to change the workplace. We're committed to creating happiness in every project we undertake. Our core mission is to help companies in reaching their business goals by building a culture of performance, recognition and happiness. With Karelab, fun and work always go together.

Karelab can also be found on:

Facebook: https://www.facebook.com/karelabinc

Twitter: https://twitter.com/karelabinc

LinkedIn: https://www.linkedin.com/company/karelab

YouTube: https://www.youtube.com/karelabinc/

The photo associated with this press release is available at the following address:


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