British Columbia Technology Industry Association

British Columbia Technology Industry Association

July 06, 2015 11:30 ET

RentMoola, Thinkific and EDP Software Recognized as BC's Next Crop of $1 Billion Anchor Tech Companies

BCTIA launches second-stage revenue accelerator with new HyperGrowth program

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 6, 2015) - The BC Technology Industry Association (BCTIA) kicked-off the first day of programming for HyperGrowth, a second-stage revenue accelerator program developed to establish British Columbia's next Hootsuite, Avigilon or Slack. Following a six week application process, HyperGrowth's inaugural cohort features three growth stage companies: RentMoola, Thinkific and EDP Software participating in a six month accelerator with mentors and advisors from some of Vancouver's leading technology companies.

Concluding the search for its first cohort, BCTIA hosted a standing room only pitch event on June 17th to select which of the seven finalists would be part of the HyperGrowth program. In addition to RentMoola, Thinkific and EDP Software the finalists included Social Nature, Freighterra, PageFreezer and Cam-Do.

"The calibre of companies applying to HyperGrowth was incredible," said BCTIA President and CEO, Bill Tam. "It was clear from the volume of applications received that we have found an important niche that is currently missing from the market. There are several high-potential tech companies in our midst who are looking to grow to the next level, and they need more than startup-focused resources to help them get there. They're ready to experience second-stage programming, they're ready for HyperGrowth."

The judging panel for the pitch event, comprised of some of Vancouver's top tech companies, included Jeff Booth from BuildDirect, Dan Zitting from ACL, Matt Switzer from Hootsuite, Igor Faletski from Mobify, Dan Eisenhardt from Recon, and Michael McCarthy from TELUS. The judges, amongst other operating executives, will form the backbone of the HyperGrowth advisory team, providing coaching and connections to the cohort companies, helping them move the needle.

"The judges were amazed at the execution and polish of the HyperGrowth finalists," said Jeff Booth, Founder and CEO of BuildDirect, "and we're excited to engage deeply with these companies in the coming months to help them grow. If we truly want to reach our potential as a world class technology hub, we as a community need to rally around fast moving growth-stage companies like these and make sure they have access to every resource required to support them in becoming future anchors of our industry."

"We have managed some really strong traction to date," said Sachin Argrawal, CEO of EDP Software, "but our industrial customers are complex and have long sales cycles. We applied to HyperGrowth because we need to become even more sophisticated and focused in order to build a leading technology company here in BC."

Following the pitch event, the winning companies were invited to participate in the cohort. "This month we have finalized the onboarding of our largest client to date, who is also one of the largest residential landlords in Canada," said Patrick Postrehovsky, Co-Founder and CEO for RentMoola, "and we want to use this milestone, coupled with the support of mentors like Jeff Booth to continue growing even faster."

"Our product is well positioned and our market is growing very quickly, so we want to make sure that we are aggressive and strategic in continuing to grow, and that's why we are excited to be a part of HyperGrowth" added Thinkific CEO, Greg Smith.

The HyperGrowth cohort now begin their six month sprint to improve sales processes, grow revenue, and take their companies to the next level. Companies will be working together through programming and in-depth workshops, as well as competing for additional resources including funding and investment capital.

Backgrounder

About the BCTIA:

The BC Technology Industry Association (BCTIA) supports the development, growth, and advancement of technology companies of all sizes, from every sector. Through a variety of innovative incubation and acceleration programs, the BCTIA helps early- and growth-stage companies connect to the resources that matter most: mentors, customers, partners, and investors. www.bctia.org

About HyperGrowth:

Connections + Expertise + Accountability = HyperGrowth.

HyperGrowth is BC's only second-stage revenue accelerator, focused on growing the next generation of anchor tech companies in Vancouver. Through a six-month, immersive, residency program focused on sales and marketing, HyperGrowth companies receive expert advice and coaching from active CEOs in Vancouver's largest and most successful tech companies. hypergrowth.bctia.org

About EDP Software:

EDP Software is a leading provider of web-based and custom workforce management software. Our main product is SchedulePro, which delivers tailored and cutting-edge employee scheduling solutions for enterprises like Ford and Shell. We also offer unique analytics and reporting features, in addition to time and attendance and payroll integration. We are located in the beautiful Gastown district of Vancouver, with offices in Ontario and New Brunswick. www.edpsoftware.com

About RentMoola:

Solving the age-old problem that paying and collecting rent is a major hassle, RentMoola is an online global payment network that allows tenants and owners to pay rent and other payments by credit card, debit card, RM Direct Debit™ or RM Cash™ while earning rewards.Our members have access to our MoolaPerks™ program that provides exclusive deals to travel, lifestyle, home services and other rewards redeemable across North America, UK and Europe. rentmoola.com

About Thinkific:

With Thinkific, you can create your own online courses and deliver or sell them under your own brand. Thinkific currently powers thousands of online courses offered by universities, global corporations, professional associations and coaches, trainers and educational entrepreneurs in over 70 countries. Thinkific offers a customizable online learning experience including payment solutions to accept credit cards, handle student registrations, and all aspects of course delivery. www.thinkific.com

Contact Information

  • BCTIA Media Contacts:
    Wendy Turnbull
    Director, Marketing & Events, BCTIA
    wturnbull@bctia.org
    604.602.5231

    Clayton R. Weir
    Manager, Client Services, Centre4Growth
    cweir@bctia.org
    604.602.5267

    RentMoola Media Contact:
    Philipp Postrehovsky
    COO & Co-Founder
    philipp@rentmoola.com
    604.657.2775

    Thinkific Media Contact:
    Greg Smith, B. Comm., Lawyer
    Co-Founder & CEO
    greg@thinkific.com
    t: 1-888-832-2409
    c: 1-604-401-8573

    EDP Software Media Contact:
    Sachin Agrawal
    CEO
    sachin@EDP.com
    1.604.243.2544