PathFactory announced today that it ranked 186th on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America; and 27th on Deloitte’s Technology Fast 50™, which recognizes Canada’s 50 fastest-growing technology companies with the highest revenue-growth percentage over the past four years. PathFactory grew 587% from 2015 to 2018.
The Deloitte Technology Fast 50™ program winners consist of public and private companies in the technology sector, which have transformed the industry. Now in its 22nd year, the program runs alongside the broader Deloitte North American Technology Fast 500™, with winners automatically eligible for this elite ranking.
PathFactory’s CEO, Dev Ganesan, credits industry-leading product innovation and exceptional customer experience with the company’s 587% revenue growth. Ganesan said, “PathFactory has always been more than just software. This B2B marketing technology company has grown so fast thanks to the incredibly talented people who have built our product and worked with our customers every day, and they’re the reason we’ll continue to win as the company grows.”
“In an era of rapid and constant change, Fast 50 companies should be incredibly proud of the impact they are making across all industries, as they foster the economic prosperity and success of our country,” said Erica Pretorius, Partner and National Leader for the Technology Fast 50™ program at Deloitte Canada. “Their bold vision, unrivaled growth and true commitment to innovation allow them to not only improve today’s world, but also shape tomorrow’s, and I can’t wait to see where they take us moving forward.”
“This year marks the 25th anniversary of Deloitte’s Technology Fast 500, so we are especially pleased to announce and congratulate the 2019 winners,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “Once again, we saw innovation across the board, with software companies continuing their dominance of the top ten. It’s always inspiring to see how the Fast 500 companies are transforming business and the world we live and work in.”
To qualify for the Deloitte Technology Fast 50 ranking, companies must have been in business for at least four years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, conduct research and development activities in Canada and invest a minimum of five percent of gross revenues in R&D.
Overall, 2019 Technology Fast 500™ companies achieved revenue growth ranging from 166% to 37,458% from 2015 to 2018, with median growth of 439%.