SOURCE: Deloitte

Deloitte

November 17, 2016 16:25 ET

UPDATE - 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, ON--(Marketwired - November 17, 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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