Deloitte announces Technology Fast 50 winners

Deloitte Fast 50

Five months after Deloitte closed applications for its Fast 50 program, the firm has finally revealed the winning Canadian companies.

The companies were selected based on technology innovation, entrepreneurship, leadership, and rapid growth. “The tremendous gains and innovation demonstrated by this year’s Fast 50 winners are exciting,” said Robert Nardi, technology, media and telecommunications (TMT) managing partner and leader for Deloitte’s Technology Fast 50 program. “It signals that the sector is strong and that we have the right conditions here in Canada to encourage and nurture small businesses as they grow and scale up.”

Here are the Canadian companies, and their growth rates, that took the top 10 spots:

    1. Frank & Oak (Montreal, QC): 18,480%
    2. Corvus Energy (Richmond,BC): 16,943%
    3. Amaya Inc. (Pointe-Clare, QC): 3,645%
    4. Budge Studios (Montreal, QC): 2,487%
    5. iotum (Toronto, ON): 2,327%
    6. Adrenaline Amusements (Terreborne, QC): 1,683%
    7. Hootsuite (Vancouver, BC): 1,250%
    8. Magnet Forensics (Waterloo, ON): 1,154%
    9. AcuityAds (Toronto, ON): 1,123%
    10. Aeryon Labs (Waterloo, ON): 1,032%

“Young Canadian tech companies from coast to coast are experiencing staggering growth.”
– Robert Nardi

For its part, Montreal-based Frank & Oak took the number one spot for its four-year revenue growth of 18,480 percent. The technology-driven brand has gained a following from tech-savvy millennials with personalized style advice and curated style selections. Corvus Energy, which manufactures high-power energy storage systems for marine, oil and gas, and port applications, followed closely behind with growth of 16,943 percent in the past four years.

“Young Canadian tech companies from coast to coast are experiencing staggering growth,” Nardi said, noting that two-thirds of companies said that hiring talent was either the #1 or #2 most significant issue. “However, for these firms to maintain their trajectory they need to have the right talent mix. For today’s fast-growing companies, finding and attracting talent is of great importance.”

These are the other 40 Canadian tech companies (and their growth rates) that took the top spots:

11. Traction on Demand (Burnaby, BC): 1,003%
12. Appnovation Technologies (Vancouver, BC): 808%
13. ScribbleLive (Toronto, ON): 759%
14. Mindable (Sherwood Park, AB): 694%
15. JUICE Mobile (Toronto, ON): 678%
16. Optosecurity Inc. (Quebec, QC): 630%
17. Addictive Mobility (Toronto,ON): 596%
18. Dejero Labs (Waterloo,ON): 590%
19. Eddyfi (Quebec,QC): 561%
20. Clio (Burnaby,BC): 436%
21. QuickMobile (Vancouver,BC): 421%
22. Dealer-FX (Toronto,ON): 400%
23. AskingCanadians (Toronto,ON): 390%
24. 360incentives (Whitby,ON): 378%
25. Redknee (Mississauga,ON): 365%
26. Avigilon Corporation (Vancouver,ON): 352%
27. Nulogy Corporation (Toronto, ON): 352%
28. Zafin (Vancouver, BC): 343%
29. Digital Extremes (London, ON): 336%
30. Big Blue Bubble (London, ON): 309%
31. Crakmedia (Quebec, QC): 307%
32. Miovision Technologies Inc (Kitchener, ON): 305%
33. Vendasta Technologies, Inc. (Saskatoon, SA): 262%
34. Symbility Solutions (Toronto, ON): 250%
35. eXplorance (Montreal, QC): 232%
36. Achievers (Toronto, ON): 223%
37. Aquatic Informatics Inc. (Vancouver, BC): 214%
38. CM Labs Simulations (Montreal, QC): 212%
39. 5N Plus Inc. (Saint-Laurent, QC): 209%
40. CloudOps (Montreal, QC): 207%
41. STI Technologies Limited (Halifax, NS): 204%
42. eSentire (Cambridge, ON): 202%
42. Real Estate Webmasters (Nanaimo, BC): 190%
44. Klick (Toronto, ON): 188%
45. Igloo Software (Kitchener, ON): 159%
46. 3esi (Calgary, AB): 157%
47. VIZIYA Corporation (Hamilton, ON): 154%
47. Etelesolv (Lachine, QC): 154%
49. PointClickCare (Mississauga, ON): 150%
50. Thinking Capital (Montreal, QC): 144%

Jessica Galang

Jessica Galang

Jessica Galang is BetaKit's News Editor.