Canadian Business and PROFIT have named Halogen Software to the 26th annual PROFIT 500. Published in the July issue of Canadian Business and online at PROFITguide.com, the PROFIT 500 is the definitive ranking of Canada's Fastest-Growing Companies by five-year revenue growth.
"The members of the PROFIT 500 are the elite of the country's entrepreneurial community," says James Cowan, Editor-in-Chief of Canadian Business and PROFIT. "Their stories are lessons in business strategy, innovation, management excellence and sheer tenacity."
Halogen Software made the PROFIT 500 list based on revenue growth of 149 percent over the past five years. The company's growth is driven by its established reputation for customer satisfaction with its organically built talent management suite, as well as global market demand for talent management solutions.
According to Gartner, talent management software represented a $3.3 billion opportunity last year alone, with a largely untapped opportunity emerging from domestic/regional midsize and global midsize organizations. Halogen has seen strong uptake of these solutions worldwide among its target market — mid-market enterprises — and estimates the total addressable market opportunity in this sector to be $15 billion USD.
"We are very pleased to be recognized as one of Canada's most successful growth companies," says Paul Loucks, President and CEO of Halogen Software. "It's a testament to the strength of our go-to-market strategy in helping mid-market companies build world-class workforces, deliver better business results and establish talent as a lasting competitive advantage."
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