Here are the BC Tech Companies Most Likely to Explode in Growth, Get Funding, or Exit Soon

Posted by Techvibes NewsDesk

Rocket Builders today released its 12th annual “Ready to Rocket” lists of British Columbia technology companies that are "best positioned to capitalize on the technology sector trends that will lead them to faster growth than their peers."

The three lists—which cover the sectors of information and communications technology, cleantech, and life science— provide accurate predictions of private companies that will likely experience significant growth, venture capital investment or acquisition by a major player in the coming year, according to Rocket.

“The technology sector continues to grow in BC and presents a growing challenge to select and identify the most likely to succeed," said Geoffrey Hansen, Managing Partner at Rocket Builders. “Three elements characterize these ‘most likely to succeed’ high growth firms: a growing market opportunity, a unique competitive position and customer validation of a must-have value proposition.”

“The majority of companies on the Ready to Rocket lists do the majority of their business in the United States,” added Reg Nordman, Managing Partner at Rocket Builders. “Economic growth in the USA was modest (about 2%) in 2013, but is expected to be well over 3% in 2014. This economic boost, along with the weakening Canadian dollar, is expected to give B.C. technology companies a revenue boost next year. In past years when the Canadian dollar weakened, Ready to Rocket companies were able to be more competitive and increase profitability.”

Winners of the ICT list include Clio, ePact Network, Kashoo, Recon, Payfirma, and Wishpond—all tech startups regular Techvibes readers will recognize.

“The number of ICT companies in B.C. continues to grow, with a number of high profile accelerators contributing to this trend,” said Steven Forth, Senior Partner at Rocket Builders. “The ICT sector as a whole has been driven by cloud computing, mobile and social trends and technologies, and we see those factors driving many of the B.C. companies. Of particular interest is the trend of the ‘Internet of Things’ and ‘Big Data’ which seems to be influencing some of the emerging companies.”

Winners of the Cleantech list include Axine Water Technologies and Solegear Bioplastics, also companies Techvibes has covered in the past.

Winners of the Life Science list include Ayogo and Phemi Health, more startups boasting Techvibes coverage.

 

Company:
Clio - Legal Practice Management Software
Website:
http://www.goclio.com
Location:
Vancouver, British Columbia, Canada

Clio is the leading practice management, time & billing and client collaboration platform for small- to mid-sized law firms. We lead the way in cloud-based practice management with a rich set of features that make managing everything from intake to invoicing a snap. more

Company:
Payfirma Corporation
Website:
https://www.payfirma.com
Location:
Vancouver, British Columbia, Canada

Payfirma helps you accept credit card payments online, in your store, and on your mobile device. Our cloud platform processes your payments and puts all your transaction data in one place. With you data in one place, you can use your numbers to make smarter business decisions about your customers, products, and employees. more

Company:
PHEMI Health Systems
Website:
http://www.phemi.com
Location:
Vancouver, British Columbia, Canada

PHEMI Health Systems is a process automation and Big Data platform company that unlocks patient data to improve clinic productivity, patient outcomes, and medical research. more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more




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