Saskatoon-based software company receives honour on North American ranking
Nov. 15, 2018 (Saskatoon, CANADA) – Vendasta is pleased to announce it’s been listed among the fastest growing technology companies in North America on the Deloitte Technology Fast 500. Vendasta ranked #351 for its rapid revenue growth, entrepreneurial spirit, and bold innovation.
The award distinguish the fastest growing technology, media, telecommunications, life sciences, and energy tech companies with the highest revenue-growth percentage over the past four years. Vendasta secured its rankings with 225% percent in revenue growth from 2014 to 2017.
“Being named to this program is a great reminder of how far we’ve come in a short time,” said Vendasta CEO Brendan King. “It’s critical to stay in fifth gear if you’re going to see success in building software, and we’ve been lucky enough to maintain that pace thanks to the great team we’ve put together.”
To qualify for the Deloitte ranking, companies must be in business for at least four years, have revenues of at least $5 million, own proprietary technology, conduct research and development activities, and invest a minimum of five percent of gross revenues in R&D.
“Congratulations to the Deloitte 2018 Technology Fast 500 winners on this impressive achievement,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “These companies are innovators who have converted their disruptive ideas into products, services and experiences that can captivate new customers and drive remarkable growth.”
“Software, which accounts for nearly two of every three companies on the list, continues to produce some of the most exciting technologies of the 21st century, including innovations in artificial intelligence, predictive analytics and robotics,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and Industry Leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “This year’s ranking demonstrates what is likely a national phenomenon, where many companies from all parts of America are transforming the way we do business by combining breakthrough research and development, entrepreneurship and rapid growth.”
Vendasta previously ranked #349 on the Technology Fast 500™ list in 2017, #49 on the Technology Fast 50™ list in 2016, and #33 on the Technology Fast 50™ list in 2015.
Vendasta is a software company that builds a platform for helping local businesses with digital marketing. 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. For more information, visit www.vendasta.com.
About Deloitte’s 2018 Technology Fast 500 ™:
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 2014 to 2017.
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.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
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