DELOITTE CANADA ANNOUNCES 25TH ANNUAL TECHNOLOGY FAST 50 WINNERS

While the executive winners' survey points to challenging labour and financial markets, results show the industry is committing to board diversity and women in leadership roles

TORONTO, Nov. 16, 2022 /CNW/ - Deloitte Canada is proud to announce the winners of its Technology Fast 50, Enterprise Fast 15, Clean Technology, and Companies-to-Watch awards. The program reaches a milestone this year, celebrating 25 years of recognizing the achievements, innovation, leadership, and growth of Canadian technology companies.

"The 2022 Technology Fast 50 winners are a testament to how the Canadian tech sector is thriving," says Anders McKenzie, partner, and national leader for the Technology Fast 50 program at Deloitte Canada. "Despite unpredictable economic and global climates, tech companies from around the country are seizing new opportunities and meeting rapidly evolving market demands. It is inspiring to witness the accelerated innovations and the many technological advancements that position Canada as a leader on the global stage."

Labour and financial markets top concerns for Technology Fast 50 winners
According to Deloitte Canada's annual survey of Technology Fast 50 executives, attracting and retaining a qualified workforce remain primary business challenges among Canada's fastest-growing tech companies. Of the respondents, twenty-seven per cent say labour markets are the most significant issue they face, followed by concerns over financial markets (18%) and changing consumer preferences (13%).

An emerging concern for this year's award recipients is access to capital. Last year, seventy-eight per cent of respondents felt their ability to access capital was improving. This year, that figure has dropped to forty-seven per cent, which represents a five-year low.

C-Suite progress: More women in leadership roles
Among the survey's other findings, 1 in 5 companies (21 per cent) say that women make up more than forty per cent of their leadership, which is a one-point gain over last year. Additionally, 77 per cent have at least one board representative identifying as a member of an equity-seeking group.

2022 winners: Real estate, travel, food waste reduction, and healthtech lead the way

Nobul, a Toronto-based open digital marketplace connecting home buyers and sellers to real estate agents, tops this year's Technology Fast 50 winners with a three-year growth trajectory of 72,944 per cent. Nobul is the first company in the award's history to propel itself from the Companies-to-Watch category to the top of the Technology Fast 50 ranking in just one year.

Hopper, one of the world's fastest-growing mobile-first travel marketplaces, earns the best ranking in the Enterprise Fast 15 category. Headquartered in Montreal, the company offers an app and B2B services which drove to a revenue growth rate of 859 per cent. This award category recognizes the fastest-growing enterprise-level technology, media, and telecommunications companies by revenue growth percentage over the last four years.

Flashfood claims the top spot in the Clean Technology category, an award established last year to recognize Canada's top clean innovators providing processes, goods, or services that reduce environmental impacts. Located in Toronto, Flashfood has diverted more than 40 million pounds of food, saved shoppers an excess of $100 million, and fed hundreds of thousands of families. With a three-year revenue growth of 11,869 per cent, the company joins Nobul among the select few to have leapfrogged from the Companies-to-Watch list to the top of another Technology Fast 50 award the following year.

In the Companies-to-Watch category, Vancouver's Thrive Health has the highest revenue growth at 4,221 per cent. The organization provides technology that enables enhanced access to patient data and equips healthcare providers with tools to design custom care workflows according to individual patient needs. Through its interactive patient engagement platform, Thrive Health is putting patients at the centre of their care, by facilitating more data-driven clinical decisions.

25 years of Canadian technology innovation and growth
Established in 1998, Deloitte Canada's Technology Fast 50 program has awarded more than 1,700 innovative Canadian technology companies across a wide range of sectors and industries since its inception. These include hardware, semiconductors, software, SaaS, energy tech, medical, biotech and pharmaceutical, artificial intelligence, cloud services, consumer software, data analytics, enterprise infrastructure and productivity, fintech, security, mobility, and social networking.

80 Canadian companies earn Technology Fast 500 ranking
The Technology Fast 50 awards program runs alongside the broader North American Technology Fast 500™, with winners automatically eligible for this elite ranking. This year, 80 Canadian companies made that list, with Certn from British Columbia leading the group in 24^th place. For the complete list of Technology Fast 500 winners, visit: https://www2.deloitte.com/us/en/pages/technology-media-and-telecommunications/articles/fast500-winners.html.

TECHNOLOGY FAST 50 RANKING

#	Growth %	Company name	City	Region
1	72944 %	Nobul	Toronto	Ontario
2	6407 %	Certn	Victoria	British Columbia
3	6286 %	Bloom Care Solutions Inc.	Vaughan	Ontario
4	5476 %	d1g1t Inc	Toronto	Ontario
5	5247 %	Mistplay	Montreal	Quebec
6	4581 %	Bitbuy	Toronto	Ontario
7	4366 %	Symend	Calgary	Alberta
8	2904 %	Brim Financial	Toronto	Ontario
9	2854 %	Spocket	Vancouver	British Columbia
10	2658 %	Alphawave IP	Toronto	Ontario
11	2511 %	Clutch	Etobicoke	Ontario
12	2320 %	Marble	Toronto	Ontario
13	2309 %	AltaML	Edmonton	Alberta
14	2267 %	GoBolt	Toronto	Ontario
15	2077 %	Dark Slope and Lumeto – Divisions of Spatial Industries Group	Toronto	Ontario
16	1926 %	TransitLabs, RideCo	Waterloo	Ontario
17	1596 %	Dialogue Health Technologies Inc.	Montreal	Quebec
18	1475 %	Hotspex Media	Toronto	Ontario
19	1284 %	Smile Digital Health	Toronto	Ontario
20	1269 %	Staffy	Toronto	Ontario
21	1205 %	DarkVision Technologies Inc.	Vancouver	British Columbia
22	1163 %	Properly	Toronto	Ontario
23	1041 %	Klue	Vancouver	British Columbia
24	974 %	Blockthrough	Toronto	Ontario
25	964 %	Vention	Montreal	Quebec
26	898 %	League	Toronto	Ontario
27	849 %	Wavo	Montreal	Quebec
28	843 %	Fantuan	Vancouver	BC
29	842 %	GeoComply	Vancouver	British Columbia
30	829 %	ApplyBoard	Kitchener	Ontario
31	802 %	BenchSci	Toronto	Ontario
32	802 %	Freight Club	Reston	Virginia
33	800 %	Underknown	Toronto	Ontario
34	790 %	Later	Vancouver	British Columbia
35	764 %	Ada	Toronto	Ontario
36	744 %	hungerhub Canada Inc.	Toronto	Ontario
37	740 %	AlayaCare	Montreal	Quebec
38	727 %	Clearco	Toronto	Ontario
39	689 %	Upfeat	Winnipeg	Manitoba
40	625 %	Leap Tools	Toronto	Ontario
41	551 %	Rewind	Ottawa	Ontario
42	529 %	eSSENTIAL Accessibility Inc	Toronto	Ontario
43	515 %	Thinkific	Vancouver	British Columbia
44	502 %	Tribe Property Technologies	Vancouver	British Columbia
45	495 %	Cloud Synapps Inc	Mississauga	Ontario
46	467 %	Jane	North Vancouver	British Columbia
47	463 %	LiveBarn	Montreal	Quebec
48	440 %	Loopio	Toronto	Ontario
49	437 %	iLobby	North York	Ontario
50	421 %	ScalePad	Vancouver	British Columbia

ENTERPRISE FAST 15 RANKING

#	Growth %	Company name	City	Region
1	859 %	Hopper	Montreal	Quebec
2	698 %	EBlock	Gloucester	Ontario
3	590 %	Trulioo	Vancouver	British Columbia
4	560 %	VOSKER	Montreal	Quebec
5	499 %	Viral Nation	Mississauga	Ontario
6	453 %	Valsoft Corporation	Montreal	Quebec
7	372 %	Jobber	Edmonton	Alberta
8	365 %	Shipfusion	Toronto	Ontario
9	358 %	Talent.com	Montreal	Quebec
10	338 %	StackAdapt	Toronto	Ontario
11	301 %	eStruxture Data Centers	Montreal	Quebec
12	300 %	Lightspeed Commerce Inc	Montreal	Quebec
13	276 %	Paystone	London	Ontario
14	262 %	East Side Games	Vancouver	British Columbia
15	260 %	CoolIT Systems	Calgary	Alberta

CLEAN TECHNOLOGY

#	Growth %	Company name	City	Region
1	11869 %	Flashfood	Toronto	Ontario
2	6730 %	Sollum Technologies	Montreal	Quebec
3	3154 %	MineSense Technologies	Vancouver	British Columbia
4	2589 %	Stromcore Energy	Mississauga	Ontario
5	1098 %	good natured Products Inc.	Vancouver	British Columbia
6	764 %	Biktrix Electric Bikes	Saskatoon	Saskatchewan
7	518 %	PyroGenesis	Montreal	Quebec
8	428 %	Previan	Quebec City	Quebec
9	336 %	Food Cycler	Ottawa	Ontario
10	307 %	Mysa	St. John's	NL
11	300 %	Vive Crop Protection	Toronto	Ontario
12	276 %	LUMINOR Environmental Inc	Guelph	Ontario
13	223 %	Meta Materials Inc	Mississauga	Ontario
14	116 %	Clear Blue Technologies	Toronto	Ontario
15	76 %	BQE Water	Vancouver	British Columbia

COMPANIES TO WATCH

#	Growth %	Company name	City	Region
1	4221 %	Thrive Health	Vancouver	British Columbia
2	3296 %	Athennian	Calgary	Alberta
3	3084 %	Symbodi	Fredericton	New Brunswick
4	3059 %	BioRender	Toronto	Ontario
5	2051 %	CapIntel	Toronto	Ontario
6	823 %	Irwin	Toronto	Ontario
7	654 %	SAVVYY	Toronto	Ontario
8	643 %	Fellow	Ottawa	Ontario
9	574 %	SWTCH Energy	Toronto	Ontario
10	499 %	Lydia AI	Toronto	Ontario
11	437 %	Crypto4A	Ottawa	Ontario
12	387 %	Vitruvi	Calgary	Alberta
13	336 %	UgoWork	Quebec City	Quebec
14	262 %	Ionomr Innovations	Vancouver	British Columbia
15	246 %	Milk Moovement	Halifax	Nova Scotia

About the Deloitte Technology Fast 50™ program
The Deloitte Technology Fast 50 program is Canada's pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features distinct categories, including the Technology Fast 50 ranking, Enterprise Fast 15, Clean Technology, and Companies-to-Watch. The program also recognizes companies within the North American Technology Fast 500 ranking, identifying technology companies in the United States and Canada. The 2022 program sponsors include RBCx, Osler, CBRE, Council of Canadian Innovators, EDC, TMX, Vector Institute, Clarity Recruitment, and Lafond. For further information, visit www.fast50.ca.

About Deloitte 
Deloitte provides audit and assurance, consulting, financial advisory, risk advisory, tax, and related services to public and private clients spanning multiple industries. Deloitte serves four out of five Fortune Global 500® companies through a globally connected network of member firms in more than 150 countries and territories bringing world-class capabilities, insights, and service to address clients' most complex business challenges. Deloitte LLP, an Ontario limited liability partnership, is the Canadian member firm of Deloitte Touche Tohmatsu Limited. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

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