What a difference a few lines of code can make. Software development accounts for a tenth of the spots on the2015 PROFIT 500 Ranking of Canada’s Fastest Growing Companies, with nine companies boosting revenue by over 1,000% percent over the last five years.
The 51 software firms on this year’s ranking grew their revenues an average of 740% between 2009 and 2014, creating an additional 5,045 full-time equivalent (FTE) jobs over that period. Collectively they employed 7,078 full-time and 159 part-time employees in 2014.
Here is the complete list of the Canada’s Fastest-Growing Software Development Companies for 2015.
1. Enflick
PROFIT 500 Rank: 9
Head Office: Waterloo, Ont.
Five-year revenue growth (2009–2014): 5,186%
Chief Executive(s): Derek Ting
FTE Employees: 35
Distributes free calling and texting apps and provides mobile wireless services
2. ScribbleLive
PROFIT 500 Rank: 10
Head Office: Toronto
Five-year revenue growth (2009–2014): 4,887%
Chief Executive(s): Vincent Mifsud
FTE Employees: 90
Content marketing and live publishing software platform
3. 360incentives
PROFIT 500 Rank: 13
Head Office: Whitby, Ont.
Five-year revenue growth (2009–2014): 4,301%
Chief Executive(s): Jason Atkins
FTE Employees: 108
Fulfils incentives and rebate programs for manufacturers and distributors
4. Traction on Demand
PROFIT 500 Rank: 21
Head Office: Burnaby, B.C.
Five-year revenue growth (2009–2014): 2,995%
Chief Executive(s): Greg Malpass & Mike Winterfield
FTE Employees: 99
Develops and consults on cloud-based software, focused on SalesForce
5. Demac Media
PROFIT 500 Rank: 29
Head Office: Toronto
Five-year revenue growth (2009–2014): 2,537%
Chief Executive(s): Matthew Bertulli
FTE Employees: 45
Provides design, development and strategy services for e-commerce platforms
6. Bnotions
PROFIT 500 Rank: 39
Head Office: Toronto
Five-year revenue growth (2009–2014): 1,967%
Chief Executive(s): Paul Crowe
FTE Employees: 35
Developer of web, mobile and analytics products. Recently acquired by Symbillity Solutions
7. Avigilon
PROFIT 500 Rank: 46
Head Office: Vancouver
Five-year revenue growth (2009–2014): 1,508%
Chief Executive(s): Alexander Fernandes
FTE Employees: 696
Provides security services
8. Mirego
PROFIT 500 Rank: 62
Head Office: Quebec City
Five-year revenue growth (2009–2014): 1,096%
Chief Executive(s): Albert Dang-Vu
FTE Employees: 34
Provides technology consultation services
9. You.i
PROFIT 500 Rank: 65
Head Office: Kanata, Ont.
Five-year revenue growth (2009–2014): 1,079%
Chief Executive(s): Jason Flick
FTE Employees: 64
Provides user-interface engine and design services for TV providers
10. DevFacto Technologies
PROFIT 500 Rank: 78
Head Office: Edmonton
Five-year revenue growth (2009–2014): 944%
Chief Executive(s): Chris Izquierdo
FTE Employees: 115
Provides IT consulting services
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The Next 15:
11. Achievers
PROFIT 500 Rank: 83
Develops employee rewards and recognition software. Recently acquired by Blackhawk Network
12. VIZIYA Corp
PROFIT 500 Rank: 87
Provides software to manage maintenance workflows
13. Big Blue Bubble
PROFIT 500 Rank: 116
Creates digital video games
14. Symbility Solutions
PROFIT 500 Rank: 131
Provider of cloud-based insurance software
15. Q4 Web Systems
PROFIT 500 Rank: 134
Develops investor relations websites and other digital communications tools
16. The Working Group
PROFIT 500 Rank: 137
Designs digital apps for clients in media and technology
17. Innobec
PROFIT 500 Rank: 150
Offers custom software development
18. Superna
PROFIT 500 Rank: 161
Disaster recovery software developer
19. Clevest Solutions
PROFIT 500 Rank: 172
Develops software for mobile workforce management and smart grid operations
20. Copperleaf
PROFIT 500 Rank: 181
Develops software for asset investment planning and management
21. theScore
PROFIT 500 Rank: 191
Builds mobile apps to provide breaking news and results to sports fans
22. Architech
PROFIT 500 Rank: 195
Software design and development
23. Intelex Technologies
PROFIT 500 Rank: 196
Offers environmental, health and safety, and quality management software
24. Etelesolv
PROFIT 500 Rank: 200
Provides telecom and IT expense management software
25. Solium Capital
PROFIT 500 Rank: 202
Develops software to manage equity compensation plans
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Other fast-growing software companies on the 2015 PROFIT 500:
26. Doxim (PROFIT 500 Rank: 224), 27. VistaVu Solutions (PROFIT 500 Rank: 226), 28. Turbulent (PROFIT 500 Rank: 242), 29. Fusion Retail Analytics (PROFIT 500 Rank: 249), 30. Aversan (PROFIT 500 Rank: 260), 31. Yardstick Software (PROFIT 500 Rank: 270), 32. Aquatic Informatics (PROFIT 500 Rank: 274), 33. Emyode (PROFIT 500 Rank: 277), 34. ResponseTek Networks (PROFIT 500 Rank: 278), 35. Silver Creek Software (PROFIT 500 Rank: 282), 36. iQmetrix (PROFIT 500 Rank: 288), 37. RevenueWire (PROFIT 500 Rank: 300), 38. Enghouse Systems (PROFIT 500 Rank: 308), 39. Prophix (PROFIT 500 Rank: 316), 40. Splice Software (PROFIT 500 Rank: 318), 41. Scarsin (PROFIT 500 Rank: 350), 42. Crawford Technologies (PROFIT 500 Rank: 366), 43. iVedha (PROFIT 500 Rank: 371), 44. Binary Stream Software (PROFIT 500 Rank: 372), 45. Microdea (PROFIT 500 Rank: 375), 46. Vision Critical (PROFIT 500 Rank: 376), 47. Encore Business Solutions (PROFIT 500 Rank: 377), 48. LawDepot.com (PROFIT 500 Rank: 382), 49. LifeLearn (PROFIT 500 Rank: 413), 50. Vital Insights (PROFIT 500 Rank: 433), 51. Terapeak (PROFIT 500 Rank: 472).
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