Three LW Clients Win Deloitte Technology Fast 50
Last week, Deloitte released their annual list of the 50 fastest growing technology companies in Canada. We are exceptionally pleased to announce that three of our clients were among the Fast 50TM winners – all falling within the top 10!
Coming in third for a second year in a row was Ottawa-based Shopify, who saw a five-year growth rate of 16,758%. ScribbleLive placed ninth and Clio rounded out the top 10 posting growth rates of 5,857% and 5,499% respectively.
“The achievements of this year’s Fast 50 recipients are an indication that Canadian technology companies can excel here on home soil,” said Robert Nardi, Partner and National Technology Media & Telecommunications Leader for Deloitte in Canada. “Fast-growing companies used to look solely to the US to secure sources of capital when domestic venture capital dried up after 2000, but the pendulum is now swinging back into balance. That is the result of recently added investments to the Canadian technology investing sector. “
This year, the companies on the list averaged a five-year growth rate of 4,736%, which is a huge jump from 2014 when the average growth rate was 832%. 17 of the 2014 Fast 50TM winners are new recipients.