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Deloitte has announced the winners of this year’s Technology Fast 50 program — the Technology Fast 50, Enterprise Fast 15, Clean Technology, and Companies-to-Watch awards.
The program reaches a milestone this year, celebrating 25 years of recognizing Canadian technology companies’ achievements, outstanding innovation, leadership, and growth.
Recognizing the world-class achievements of Canadian technology companies, the Technology Fast 50 program highlights their commitment to innovation, leadership, and rapid revenue growth between 2018 and 2021.
Technology Fast 50
Nobul, a Toronto-based open digital marketplace connecting home buyers and sellers to real estate agents, tops this year’s Technology Fast 50 winners with three-year growth of 72,944 per cent. Nobul is the first company in the award’s history to propel itself from the Companies-to-Watch category to the top of the Technology Fast 50 ranking the following year.
Among the companies cracking the Fast 50 are Bitbuy, Symend, AltaML, Klue, Jane, and ScalePad.
Enterprise Fast 15
Hopper, the world’s fastest-growing mobile-first travel marketplace, earns the best ranking in the Enterprise Fast 15 category. Offering both an app and B2B offering, the company headquartered in Montreal achieved a growth rate of 859 per cent, leading the way in this category recognizing the fastest growing enterprise-level technology, media, and telecommunications companies by revenue growth percentage over the last four years.
Other companies acknowledged included Trulioo, Viral Nation, Jobber, Paystone, and East Side Games.
Companies to Watch
In the Companies-to-Watch category, Vancouver’s Thrive Health has the highest revenue growth at 4,221 per cent. The organization provides technology that enables enhanced access to patient data and equips healthcare providers with tools to design custom care workflows according to individual patient needs. Through their interactive patient engagement platform, Thrive Health is helping to put patients at the centre of their care, and facilitate more data-driven clinical decisions.
Among the companies to watch are Athennian, CapIntel, Vitruvi, and Ionomr Innovations.
Clean Technology
Flashfood is in the highest spot in the Clean Technology category, an award established last year to recognize Canada’s top clean innovators providing processes, goods, or services that reduce environmental impacts.
Located in Toronto, Flashfood has diverted over 40 million pounds of food, saved shoppers over $100 million, and more affordably fed hundreds of thousands of families. With a three-year revenue growth of 11,869 per cent, the company joins Nobul among the select few to have leapfrogged from the Companies-to-Watch list to the Clean Technology award in back-to-back years.
Annual Survey Highlights from Fast 50 Executive Leadership
According to Deloitte Canada’s annual survey of Technology Fast 50 executives, attracting and retaining a qualified workforce remain primary business challenges among Canada’s fastest-growing companies.
Of the executives who responded, twenty-seven per cent say labour markets are the most significant issue they face, ahead of financial markets (18%), and changing consumer preferences (13%).
Check out the complete list of winners here.