Correction: 2nd Canadian site named to World's Most Valuable Internet Startup list

by Rob Lewis

Last week Techvibes reported that only one Canadian company had been named to the Silicon Alley Insider's Digital 100 - a list of the Top 100 World's Most Valuable Internet Startups.

I'm happy to report that we were wrong and a second company made the list at #66 - Toronto-based Adenyo, a mobile marketing software company.

Mobile usage has increased over the last five years, Adenyo has experienced triple-digit growth. We estimate the company to pull in revenue of around $25 million this year. Given multiples granted to acquisitions in this space recently, we put a 8x multiple on the stock for a valuation of $200 million.

If was quite the week for Adenyo. In addition to making the SAI 100 they were named by Deloitte in its Fast 50 list of top Canadian technology companies.

With operations in North America and Europe, Adenyo enables agencies, brands and mobile operators to develop, target, execute and measure fully integrated marketing strategies and campaigns in the mobile economy. Adenyo powers four technologies through its integrated mobile marketing software platform – mobile marketing and ad serving, mobile storefronts, mobile coupons and payments, and mobile analytics – and has delivered thousands of successful mobile campaigns for the world’s most demanding organizations, allowing brands to capitalize on the unique opportunities that only mobile can deliver.

In March, institutional and private investors participated in a financing round to accelerate Adenyo’s portfolio expansion and international growth plans.

Toronto, Ontario, Canada

Our solutions enable our customers to integrate the mobile channel into their marketing and advertising mix and capitalize on its unique opportunities. Through the integration of leading-edge technologies and specialized expertise, Adenyo enables high-performance, interactive mobile marketing and advertising for agencies, media companies, brands and corporate marketers and small to medium-sized... more

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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more

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