WATERLOO REGION — The three fastest-growing Canadian tech firms are all from Waterloo Area.
The Deloitte Expertise Quick 50 checklist, compiled by the skilled companies agency, ranks collaborating firms in keeping with reported income progress over a three-year interval. Eligible firms apply to this system.
Kitchener’s ApplyBoard topped the checklist, with three-year income progress (from 2015 to 2018) at a whopping 12,525 per cent. One other Kitchener-based agency, Intellijoint Surgical, claimed second place with income progress of 10,246 per cent. Waterloo’s Auvik Networks got here in third, with three-year income progress of seven,913 per cent.
“The area is beginning to bear some critical fruit,” stated Marc Morin, Auvik’s chief govt officer. “It is no secret that the Okay-W area is punching effectively above its weight from a dimension standpoint when it comes to tech clusters.”
ApplyBoard markets a world pupil recruitment platform that makes the appliance course of for college kids simpler, and helps faculties recruit overseas.
Intellijoint Surgical develops sensible instruments for orthopedic surgical procedure; the corporate just lately launched a medical expertise hub in Kitchener known as the Medical Innovation Xchange.
Auvik makes a speciality of community monitoring and administration software program for IT managed service suppliers.
Two different Waterloo Area corporations made the checklist — Kitchener’s Smile.io in 28th place, with three-year income progress of 552.2 per cent, and Kitchener’s Vidyard in 39th place, with income progress of 442.47 per cent.
The vast majority of the businesses on the checklist — 27 — are from Ontario.
“This yr’s Quick 50 winners must be extremely pleased with the influence they’re making throughout all industries,” Erica Pretorius, Deloitte Canada associate and nationwide chief for the Expertise Quick 50 program, stated in a information launch.