November 18, 2020
Canada’s fastest growing technology companies are taking innovation and leadership to new heights.
Meet the latest winners of the Technology Fast 50 program, falling within the categories of Fast 50, Enterprise Fast 15, and Companies-to-Watch. 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 2016 and 2019. This year, the average three-year growth of the Fast 50 winners is 2,144%.
A special congratulations goes to our member Proposify who placed 45th with revenues rising 414 percent!
Deloitte’s annual survey of Technology Fast 50 CEOs found the COVID-19 pandemic was the biggest challenge facing Canadian businesses in 2020; 70% of respondents said they have successfully applied for some form of federal or provincial COVID-19 related support programs.
Other findings include:
- Tech companies agreed the various levels of government in Canada are doing enough to help companies in the sector (69%), up from 50% in 2019
- More than 41% of Fast50 job applicants are women, up from 16% last year
- 86% of respondents believe an inclusive workplace is one of the top three strategic drivers of a company’s success, up from 80% in 2019.
Geographically, the majority of this year’s Fast 50 winners are based in Ontario (29), followed by Quebec (10), British Columbia (6), with the balance from the Atlantic Region (3), and the Prairie Region (2). On November 24, Deloitte will recognize the winners and celebrate the spirit of rising higher during challenging times with a virtual celebration.
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