The winners of the Deloitte Technology Fast 50 were announced today and there numbers are impressive - an average five-year revenue growth rate of 5,638 per cent.
Crazy numbers and while Deloitte credits some of the growth to the economic rebound, the truth is that most of the 50 were very small companies five years ago.
Richmond Hill-based Clickfree, a hardware company specializing in automatic computer backup, was ranked #1: sitting atop the ranking of this year's Fast 50 list with a 64,240 per cent five-year revenue growth.
Second and third spots go to Real Matters (40,532 per cent), a Markham-based software company operating in property information solutions, and Varicent Software Incorporated (40,269 per cent), a Toronto-based sales performance management software firm. Rounding out the top five are Toronto-based NexJ Systems (36,128 per cent), an Enterprise CRM Software company, and Avigilon (33,664 per cent), a Vancouver-based high-definition surveillance company.
The complete Deloitte Technology Fast 50 list is available here.
The Techvibes audience may be more interested in the Deloitte's Companies-to-Watch (CTW) Awards which honour early-stage Canadian technology companies who have been in business less than five years, and have the potential to be future Deloitte Technology Fast 50 winners. The ten companies recognized as CTW this year are:
- Awasi Incorporated, Waterloo
- Dayforce, Toronto
- Morega Systems, Mississauga
- N4 Systems, Toronto
- Neuralitic, Montreal
- Polar Mobile, Toronto
- Syncapse, Toronto
- Telepin software, Ottawa
- Tynt Multimedia, Calgary
- X20 Media, Montreal