Montreal companies had a strong showing at Deloitte’s Technology Fast 50 Awards Thursday night.
Menswear brand and online retailer Frank & Oak was named top dog in Deloitte’s Technology Fast 50 Awards, selected for their technological innovation, entrepreneurship, leadership and rapid growth.
Along with Montreal startup stalwart Frank & Oak, five other companies from the city were selected among the Top 50: gaming studio Budge Studios (4), eXplorance (35) and CM Labs Simulations (38), CloudOps (40) and Thinking Capital (50).
About half of the Fast 50 companies come from Ontario. In an encouraging sign of of the innovation economy across Canada, eight of the 12 companies with the highest growth rates come from Quebec and British Columbia.
— David Nault (@VentureBuilder) November 13, 2015
— CloudOps (@CloudOps_) November 12, 2015
— Budge Studios (@budgestudios) November 12, 2015
Frank & Oak topped this year’s Technology Fast 50 list with a four-year revenue growth rate of 18,480%. Based in Montreal, the technology-driven brand has created a dedicated community of followers by offering personalized style advice, curated product selections, and an elevated shopping experience via its online platform and retail stores.
“The tremendous gains and innovation demonstrated by this year’s Fast 50 winners are exciting,” said Robert Nardi, technology, Media and Telecommunications (TMT) Managing Partner for Deloitte’s Technology Fast 50 program. “It signals that the sector is strong and that we have the right conditions here in Canada to encourage and nurture small businesses as they grow and scale up.”
Now in its 18th year, Technology Fast 50 celebrated companies with an average four-year growth rate of 1,293%.
“Young Canadian tech companies from coast to coast are experiencing staggering growth,” Nardi said. “However, for these firms to maintain their trajectory they need to have the right talent mix. For today’s fast-growing companies, finding and attracting talent is of great importance.”
Fast 50 companies are both private and public companies representing a variety of industry and sub-sectors including hardware, software, telecommunications, emerging technology and digital media. This year, more than half of the winners represented the software industry (31) and 22 companies were new to the program.
Check out the full winner’s list here:
|Rank||Growth %||Company name||City||Province|
|1||18480%||Frank & Oak||Montreal||Quebec|
|2||16943%||Corvus Energy||Richmond||British Columbia|
|8||1154%||Magnet Forensics Inc.||Waterloo||Ontario|
|11||1003%||Traction on Demand||Burnaby||British Columbia|
|12||808%||Appnovation Technologies||Vancouver||British Columbia|
|26||352%||Avigilon Corporation||Vancouver||British Columbia|
|30||309%||Big Blue Bubble||London||Ontario|
|32||305%||Miovision Technologies Inc||Kitchener||Ontario|
|33||262%||Vendasta Technologies, Inc.||Saskatoon||Saskatchewan|
|37||214%||Aquatic Informatics Inc.||Vancouver||British Columbia|
|38||212%||CM Labs Simulations||Montreal||Quebec|
|39||209%||5N Plus Inc.||Saint-Laurent||Quebec|
|41||204%||STI Technologies Limited||Halifax||Nova Scotia|
|43||190%||Real Estate Webmasters||Nanaimo||British Columbia|