Deloitte today announced the winners of its Technology Fast 50 program.
This year’s winners 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 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 evolving geospatial and geoanalytics markets. Urthecast had a revenue growth of 72,938 percent between 2012 and 2015.
In second place is Cooledge Lighting, a Richmond, BC-based company that specializes in delivering lighting solutions, with a growth of 16,966 percent between 2012 and 2015.
In the third spot is Calgary-based Benevity, a leader in online workplace giving, matching, and integrated grant management solutions, achieving a growth rate of 5,869 percent.
“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.”
Last month, Deloitte released “The future belongs to the bold.” 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.
“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.
31 companies on this year’s Technology Fast 50 program are first-time winners. The majority of the Technology Fast 50 winners are from Ontario (26), followed by British Columbia (12) and Quebec (7).
This year’s Leadership award winners include Aeryon Labs, Big Blue Bubble, Klick, Index Exchange and Real Matters.