Seven Waterloo Region firms on Technology Fast 50 list
November 18, 2016
Seven Waterloo Region companies are on a new list of Canada’s fastest growing technology companies.
Sortable, Axonify, Clearpath, Magnet Forensics, Aeryon Labs, eSentire and Dejero Labs are on Deloitte’s Technology Fast 50 list for 2016, which ranks the companies by revenue growth over the previous three years.
Sortable, a Kitchener company that developed an automated advertising platform, is the top local firm on the list. It ranked eighth with three-year revenue growth of 1,705 per cent.
Axonify, a Waterloo firm that develops corporate e-learning software, ranks 10th with revenue growth of 1,520 per cent
Kitchener robotics company Clearpath is 17th with revenue growth of 662 per cent.
Magnet, a Waterloo provider of digital forensics tools, is 19th with revenue growth of 587 per cent.
Waterloo drone-maker Aeryon ranks 24th with revenue growth of 494 per cent. Aeryon also received a Leadership award from Deloitte in recognition of its innovation and leadership.
Cambridge-based eSentire, a provider of cybersecurity tools and services, is 35th with revenue growth of 361 per cent.
Dejero Labs, a Waterloo firm that provides a platform for live-to-air broadcasting, is 37th with revenue growth of 332 per cent.
Urthecast, a Vancouver firm that specializes in Earth observation data, is the top company on this year’s list, with revenue growth of 72,938 per cent.
Deloitte says the companies on the list averaged three-year revenue growth of 2,652 per cent.
Last year, there were six Waterloo Region firms on the Fast 50 list — Magnet, Aeryon, Dejero, Miovision Technologies, eSentire and Igloo Software.
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