Deloitte releases list of Canada's fastest-growing tech companies for 2017

Deloitte released its list of Canada’s 50 fastest growing companies today.

Celebrating its 20th anniversary this year, the technology award program identifies leaders in a variety of sectors like hardware, software, telecom, digital media, and emerging areas such as clean technology.

Ontario-based companies dominated the top of the list with Diply.com, a social entertainment media publisher, being recognized in first place.

“Fast 50 winners achieve incredible growth. These companies foster the economic prosperity and success of our country,” said Anders McKenzie, Managing Partner for Technology, Media & Telecommunications at Deloitte Canada.

The majority of the workforces in Fast 50 companies is made up of millennials born between 1981 to 2001.

“The technology, media and telecommunications sector has achieved significant advances in the last twenty years. This current innovative cohort of companies continues to lead the pack in transforming the way we live and work. They should be incredibly proud of the impact they are making across all industries and how they are shaping the world as we know it today and what it will look like tomorrow.”

Deloitte conducted a survey of CEOs from Fast 50 companies that found that the labour market remains the most significant challenge faced by their businesses today. According to the report, there is also a shift in the demographics of these winning companies.

“The majority (53 percent) of the workforces in Fast 50 companies is now made up of millennials born between 1981 to 2001. The trend this year also shows that women are better represented. Almost a quarter of respondents (24 percent) reported that 21 to 30 percent of new hires for all positions are women, which presents a significant increase from only 13 percent in 2016,” the report said.

The top 10 list, including the companies’ revenue growth, includes:

The guidelines to qualify outline that companies must have been in business for at least four years, have revenues of at least $5 million, be headquartered in Canada, and invest a minimum of five percent of gross revenues in R&D.

The full list can be found below:

Photo via Diply