There’s still plenty of good news in the tech sector, despite the recent barrage of bad headlines.
The Technology Fast 50 program, presented by Deloitte, celebrates the supersonic growth seen by Canada’s tech world in recent years.
Meet two Canadian companies that are changing the tech world
For 25 years, the Technology Fast 50 program has ranked the three-year revenue growth of 50 Canadian tech companies in a broad range of sectors from real estate to health care, to finance and semiconductors.
Each of the winners saw growth of more than 400% in the past three years, with Nobul Corp., a real estate marketplace site for agents and hopeful home buyers, grabbing the top spot with an eye-popping 72,944% growth rate.
To be eligible for the program, companies must be headquartered in Canada; invest a minimum of 5% of gross revenue in research and development; own proprietary technology sold to customers in products or services that contribute to a majority of the company’s operating revenues; be able to prove minimum revenue of $50,000 in 2018 and $5 million in 2021; and have been in business for at least four years.
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