SASKATOON, SK (June 27, 2018) – Vendasta is pleased to be named to the Branham300 – a definitive list of the fastest growing information and communication technology (ICT) companies in Canada. The Saskatoon-based software group secured the 130th spot in the list’s slice of Top 250 Tech Companies countrywide, along with three other deserving Saskatchewan businesses.
“The Branham300 is based on revenue growth and we are please to have made the list again. As we grow to our goal of $100 million in revenue, maintaining a high growth rate is challenging,” Vendasta CEO Brendan King said. “However, our growth rate is actually increasing as we become the software platform of choice for companies providing marketing, sales, and other digital solutions to local businesses. Demand internationally is rising dramatically, and Canadian tech is being seen as desirable and competitive. I am proud of the world class platform our team is building right here in Saskatoon.”
Vendasta secured its coveted spot on the 2018 Branham300 list of public and private technology companies by achieving 45 percent revenue growth from 2016 to 2017. The Branham Group reports that revenue generated by the Top 250 tech companies in Canada has grown every year since 2009. In fiscal 2017, Canada’s Top 250 achieved growth of 1.14 percent, compared to 9.6 percent the previous year.
“I want to emphasize that this slowdown in growth is not caused by weakness in either the ICT sector or the overall economy. It’s quite the opposite,” said Wayne Gubranson, CEO of Branham Group. “We saw reduced growth because Canadian companies are so attractive that a number of large firms were purchased by Canadian or foreign buyers and were therefore no longer eligible for our ranking,”
This is the third time Vendasta has been recognized on the Branham300, having applied and been ranked in the Top Canadian ICT Companies in 2016 and among the Top 25 Canadian IT Up and Comers in 2009.
Find the full Branham300 list here.
About Branham 300
The Branham300 is the best-known and most widely referenced listing of Canada’s top ICT companies, ranked by revenue. The listing also tracks the top ICT multinationals operating in Canada, as well as ‘Up and Coming’ firms, which are young Canadian companies Branham Group believes will be big hits soon. Branham Group’s ranking is unique in Canada because it tracks both publicly held and privately owned companies. It is the only comprehensive list to do so.
Vendasta is a Saskatoon-based technology company offering software and services to professionals who sell digital solutions to local businesses around the world. The tools power the local businesses’ digital presence and online reputation. Marketing agencies, broadcasters, publishers, technology companies, banks, yellow pages, and telecoms are able to drive down their cost of sales while increasing margins using Vendasta’s platform. They delight clients using Vendasta’s white-labelled solutions, including its award-winning needs assessment, automated email marketing campaigns, easy-to-use CRM, marketplace of resellable apps & services, and fulfillment agency. Vendasta has been named to the Deloitte Technology Fast 500, the Deloitte Technology Fast 50, and Canadian Business Magazine’s Profit 500.
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