Innovation

The 2015 PROFIT 500: Canada's Fastest-Growing IT Companies

The domestic technology sector has never been stronger. Meet some of the industry's fastest-growing companies

Written by Murad Hemmadi

Technology is increasingly the backbone of business, powering and enabling every other facet. So it’s perhaps not surprising that the information technology industry takes up over a sixth of the spots on the2015 PROFIT 500 Ranking of Canada’s Fastest Growing Companies.

The 76 IT firms on this year’s ranking grew their revenues an average of 597% between 2009 and 2014, creating an additional 7,176 full-time equivalent (FTE) jobs over that period. Collectively they employed 9,820 full-time and 630 part-time employees in 2014.

Here is the complete list of the Canada’s Fastest Growing Information Technology Companies for 2015.

1. Engage People (formerly Myaxs)

PROFIT 500 Rank: 12
Head Office: Concord, Ont.
Five-year revenue growth (2009–2014): 4,339%
Chief Executive(s): Jonathan Silver, Len Covello, Mario Crudo & Bruce Silcoff
FTE Employees: 30

Provides technology and fullfilment services to the consumer loyalty industry

2. A Hundred Answers

PROFIT 500 Rank: 15
Head Office: Ottawa
Five-year revenue growth (2009–2014): 4,010%
Chief Executive(s): Sean Murphy
FTE Employees: 46

Management and technology consulting

3. GroupeX Solutions

PROFIT 500 Rank: 18
Head Office: Toronto
Five-year revenue growth (2009–2014): 3,369%
Chief Executive(s): Theodore Smith
FTE Employees: 63

Provides HR services for businesses

4. Secure Sense Solutions

PROFIT 500 Rank: 25
Head Office: Burlington, Ont.
Five-year revenue growth (2009–2014): 2,752%
Chief Executive(s): Peter-William Humphries & Vinay Malhotra
FTE Employees: 23

Sells network and IT security services

5. iotum

PROFIT 500 Rank: 27
Head Office: Toronto
Five-year revenue growth (2009–2014): 2,614%
Chief Executive(s): Jason Martin
FTE Employees: 27

Provides online collaboration and conference calling services

6. Crakmedia

PROFIT 500 Rank: 37
Head Office: Quebec City
Five-year revenue growth (2009–2014): 2,013%
Chief Executive(s): Nicolas Chrétien
FTE Employees: 107

Provides Internet traffic monetization technology and services to marketers

7. Copperstone Connect

PROFIT 500 Rank: 42
Head Office: Mississauga, Ont.
Five-year revenue growth (2009–2014): 1,649%
Chief Executive(s): Paul Herron, David Stanford & Robert Snoyer
FTE Employees: 47

Provides data analytics and business intelligence consulting services

8. Karelab

PROFIT 500 Rank: 48
Head Office: Montreal
Five-year revenue growth (2009–2014): 1,468%
Chief Executive(s): Marc-André Lanciault
FTE Employees: 19

Creates performance management systems for enterprise customers

9. Appnovation Technologies

PROFIT 500 Rank: 51
Head Office: Vancouver
Five-year revenue growth (2009–2014): 1,289%
Chief Executive(s): Arnold Leung
FTE Employees: 121

Provides open-source IT services and consulting

10. Fibrenoire

PROFIT 500 Rank: 56
Head Office: Montreal
Five-year revenue growth (2009–2014): 1,227%
Chief Executive(s): Benjamin Desmarais
FTE Employees: 43

Provides fibre optic connections and services

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The Next 15:

11. Iceberg Networks

PROFIT 500 Rank: 59

Provides software and services for government and financial institutions

12. CentriLogic

PROFIT 500 Rank: 72

Provides managed hosting, cloud computing and co-location services

13. Gevity

PROFIT 500 Rank: 74

Consulting services and software development

14. Source 44 Consulting

PROFIT 500 Rank: 80

Network and data security service provider

15. IT Blueprint Solutions

PROFIT 500 Rank: 81

Provides IT services for businesses

16. Pleasant Solutions

PROFIT 500 Rank: 88

Software developers

17. Tangentia

PROFIT 500 Rank: 90

IT consulting

18. Diabsolut

PROFIT 500 Rank: 92

Provides workforce management, client relationship management and enterprise mobility solutions

19. StoneShare

PROFIT 500 Rank: 98

SharePoint Systems integration services

20. CoolIT Systems

PROFIT 500 Rank: 119

Sells cooling technology for data centres, servers and desktop computers

21. Ontracks Consulting

PROFIT 500 Rank: 122

Software implementation and operations consultation

22. Avaleris

PROFIT 500 Rank: 135

Offers IT professional services

23. Quest AV

PROFIT 500 Rank: 146

Rents AV equipment and produces events

24. The KTL Group

PROFIT 500 Rank: 156

Provides Linux and Open Source solutions and consulting services

25. Bluedrop Performance Learning

PROFIT 500 Rank: 157

E-learning company that develops software for employee training and education

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Other fast-growing IT companies on the 2015 PROFIT 500:

26. iON Secured Networks (PROFIT 500 Rank: 159), 27. Procom Québec (PROFIT 500 Rank: 160), 28. Six S Partners (PROFIT 500 Rank: 164), 29. Informatique ProContact (PROFIT 500 Rank: 166), 30. Audability (PROFIT 500 Rank: 176), 31. Libéo (PROFIT 500 Rank: 180), 32. Groundswell (PROFIT 500 Rank: 183), 33. SysGen Solutions Group (PROFIT 500 Rank: 192), 34. CloudOps (PROFIT 500 Rank: 204), 35. Orangutech (PROFIT 500 Rank: 206), 36. Pythian (PROFIT 500 Rank: 209), 37. TDCNet (PROFIT 500 Rank: 216), 38. Infront Consulting Group (PROFIT 500 Rank: 228), 39. NewGen Technologies (PROFIT 500 Rank: 235), 40. M.I.T. Consulting (PROFIT 500 Rank: 239), 41. StarTech.com (PROFIT 500 Rank: 247), 42. WebSan Solutions (PROFIT 500 Rank: 250), 43. Ergoresearch (PROFIT 500 Rank: 251), 44. True North Automation (PROFIT 500 Rank: 254), 45. PiiComm (PROFIT 500 Rank: 263), 46. Global Relay (PROFIT 500 Rank: 267), 47. Distech Controls (PROFIT 500 Rank: 273), 48. UCIT Online Security (PROFIT 500 Rank: 286), 49. Scalar Decisions (PROFIT 500 Rank: 289), 50. Ignite Technical Resources (PROFIT 500 Rank: 296), 51. HostPapa (PROFIT 500 Rank: 301), 52. Carbon60 Networks (PROFIT 500 Rank: 311), 53. Clear Concepts (PROFIT 500 Rank: 315), 54. Illumiti (PROFIT 500 Rank: 320), 55. Haivision (PROFIT 500 Rank: 343), 56. IOSecure Internet Operations (PROFIT 500 Rank: 344), 57. C3F Telecom (formerly CBF Telecom) (PROFIT 500 Rank: 345), 58. SSI Audio (PROFIT 500 Rank: 351), 59. D+H (PROFIT 500 Rank: 355), 60. Epiphan Video (PROFIT 500 Rank: 360), 61. Spyders (PROFIT 500 Rank: 365), 62. Annex Consulting Group (PROFIT 500 Rank: 383), 63. 3CIS (PROFIT 500 Rank: 393), 64. Posera-HDX (PROFIT 500 Rank: 402), 65. AFI Expertise (PROFIT 500 Rank: 403), 66. Softlanding Network Solutions (PROFIT 500 Rank: 438), 67. Broadview Networks (PROFIT 500 Rank: 445), 68. ecentricarts (PROFIT 500 Rank: 453), 69. Info-Tech Research Group (PROFIT 500 Rank: 456), 70. Raven Bay Services (PROFIT 500 Rank: 457), 71. Digitcom Canada (PROFIT 500 Rank: 470), 72. Xylotek Solutions (PROFIT 500 Rank: 473), 73. NCI (PROFIT 500 Rank: 488), 74. MBSI Canada (PROFIT 500 Rank: 491), 75. Momentum Technologies (PROFIT 500 Rank: 497), 76. Thinkwrap Commerce (PROFIT 500 Rank: 498).

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Click here for the complete 2015 PROFIT 500 Ranking of Canada’s Fastest-Growing Companies »

Originally appeared on PROFITguide.com