As originally published on PRWeb.
SASKATOON, SK (November 13, 2015) – Vendasta Technologies has been named one of Deloitte’s Technology Fast 50™companies, as well as ranking in Deloitte’s Technology Fast 500™. In the 18th annual Deloitte Technology Fast 50™, Vendasta has been designated one of Canada’s fastest growing technology companies for exemplifying bold innovation, dedicated leadership and strong growth. A ranking in Deloitte’s Technology Fast 500™means Vendasta is one of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in all of North America.
The Deloitte Technology Fast 50™ program celebrates leaders in the Canadian technology industry and tracks the successful growth of Canadian-grown leaders. Overall, 2015 Technology Fast 500 ™ companies achieved revenue growth ranging from 109 percent to 21,984 percent from 2011-2014, with an average growth rate of 850 percent.
The shift in viewership from traditional media content to digital content is completely transforming every major media company around the world. Vendasta—who serves some of the largest media conglomerates in North America through to single person agencies—enables these partners to provide foundational solutions for local businesses amidst this shift. “Every single media company from national and regional giants to local agencies across all sectors such as TV, newspaper, radio and yellow pages are affected,” says Vendasta CEO, Brendan King. “Our shift to a sales and marketing automation platform that allows these companies to sell digital products to local business, profitably and at scale, has dramatically impacted both our revenues and our partners’ revenues.”
“Fast 50 companies are innovators that transform great ideas into stunning realities,” says Robert Nardi, Technology, Media and Telecommunications Managing Partner for Deloitte Canada. “Their passion and determination makes them all inspiring success stories. They are vital to the Canadian technology sector.” To qualify for the Deloitte Technology Fast 50™ ranking, companies must have been in business for at least four years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, conduct research and development activities in Canada and invest a minimum of five percent of gross revenues in R&D.
Nardi also said,“What’s clear is that despite market uncertainty, these companies have found a way to innovate and grow, harnessing the power of emerging technologies to disrupt and influence business across almost all industries.”
About the Deloitte Technology Fast 50™ – The Deloitte Technology Fast 50™program is Canada’s pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features three distinct categories including the Technology Fast 50™ Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than four years, with the potential to be a future Deloitte Technology Fast 50TM candidate) and the Leadership Awards (companies that demonstrate technological leadership and innovation within the industry.) Program sponsors include Deloitte, Bank of Montreal, Bennett Jones, OMERS Ventures and Vistara Capital Partners. For further information, visit www.fast50.ca.
About Deloitte’s 2015 Technology Fast 500™ – Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies—both public and private—in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2011 to 2014. In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of four years, and be headquartered within North America.