Deloitte releases Fast 50 highlighting Canada’s high-growth companies

Mojio

Deloitte has released its list of its Technology Fast 50, which recognizes tech companies in Canada experiencing significant revenue growth over the past four years.

The top spot was taken by BC-based Vanrx Pharmasystems, which experienced an average three-year revenue growth of 19,342 percent. Vancouver-based Mojio, which builds technology to help older vehicles become connected vehicles, came in second place with 11,950 percent growth.

Deloitte noted that this year’s cohort of Canadian tech companies also performed well in the North American Fast 500 ranking, with 81 securing a spot on the list. This list ranks the 500 technology companies in North America that post the highest revenue-growth percentage over their last four years of operation.

“This recognition from Deloitte is especially meaningful to our team, as it uniquely pairs our global growth with our Canadian roots in Vancouver, where we continue to invest in our people and innovation,” said Mojio CEO Kenny Hawk. “With more than a billion unconnected cars on roads around the world, the market potential for our solutions is massive. We’re looking forward to continuing this growth – both in Canada and abroad – as we continue to unlock new revenue streams across the automotive value chain and shape the future of mobility with our partners and customers around the world.”

The top 10 hailed from Ontario, British Columbia, Manitoba, and Quebec, and included companies like Cluep—which was acquired by Impact Group for $53 million in September—and SkipTheDishes, which was acquired for $110 million in December 2016.

See the full list here.

Jessica Galang

Jessica Galang

Jessica Galang is BetaKit's News Editor. Follow her on Twitter @jessicagalangg or send her pitches to jessica.galang@betakit.com.