Nov. 7, 2019 (Saskatoon, CANADA) – Vendasta today announced it ranked #498 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Vendasta secured its rankings with 170 percent revenue growth from 2015 to 2018.
“We’re excited and humbled to be listed among North America’s fastest growing companies. This is the fifth consecutive time we have made the list and it’s a testament to our employees’ and partners’ committed persistence in helping local businesses thrive,” said Vendasta CEO Brendan King. “The reason we come to work every day is to help local businesses succeed, and this ranking is a milestone towards accomplishing our ultimate mission, which is to become the number one platform for selling digital solutions to local businesses.”
Vendasta received $40 million in venture capital funding this year, and the company is on track to produce more than 300 additional jobs by 2023. It is also just beginning its move to a new, larger headquarters in downtown Saskatoon.
“This year marks the 25th anniversary of Deloitte’s Technology Fast 500, so we are especially pleased to announce and congratulate the 2019 winners,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “Once again, we saw innovation across the board, with software companies continuing their dominance of the top ten. It’s always inspiring to see how the Fast 500 companies are transforming business and the world we live and work in.”
“As technology innovation trends towards ‘everything as a service,’ it’s no surprise that software companies dominate the winners list yet again this year,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “What’s exciting about celebrating 25 years of the Tech Fast 500 is we now have a quarter century of innovation stories to draw and reflect upon. These are the companies that push boundaries, help organizations become more efficient and productive, and ultimately enable businesses to drive growth and revenue. We congratulate all the well-deserving winners.”
Vendasta previously ranked #351 on the Technology Fast 500™ list in 2018, #349 in 2017, #49 on the Technology Fast 50™ list in 2016, and #33 on the Technology Fast 50™ list in 2015.
The full list is available by download here.
Vendasta is a software company that builds a platform for helping local businesses with their digital needs. Sold exclusively through channel partners — including agencies, broadcasters, publishers, banks, telecoms, and more — the Vendasta platform enables sales professionals to brand it as their own and provide re-sellable products and services to local businesses around the world. Vendasta has been named one of the 50 fastest growing technology companies in Canada and one of the top 500 fastest growing companies in North America by Deloitte. It has also been listed on Canadian Business Magazine’s Growth 500 for three consecutive years. For more information, visit www.vendasta.com.
About Deloitte’s 2019 Technology Fast 500™
Now in its 25th year, Deloitte’s Technology Fast 500 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 2015 to 2018.
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, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
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