Vendasta Among Deloitte Technology Fast 500 Companies

By MTS Staff Writer On Nov 16, 2018

Saskatoon-Based Software Company Receives Honour on North American Ranking

Vendasta is pleased to announce it’s been listed among the fastest growing technology companies in North America on the Deloitte Technology Fast 500. Vendasta ranked #351 for its rapid revenue growth, entrepreneurial spirit, and bold innovation.

The award distinguish the fastest growing technology, media, telecommunications, life sciences, and energy tech companies with the highest revenue-growth percentage over the past four years. Vendasta secured its rankings with 225% percent in revenue growth from 2014 to 2017.

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“Being named to this program is a great reminder of how far we’ve come in a short time,” said Vendasta CEO Brendan King. “It’s critical to stay in fifth gear if you’re going to see success in building software, and we’ve been lucky enough to maintain that pace thanks to the great team we’ve put together.”

To qualify for the Deloitte ranking, companies must be in business for at least four years, have revenues of at least $5 million, own proprietary technology, conduct research and development activities, and invest a minimum of five percent of gross revenues in R&D.

“Congratulations to the Deloitte 2018 Technology Fast 500 winners on this impressive achievement,” said Sandra Shirai, vice chairman, Deloitte LLP, and US technology, media and telecommunications leader. “These companies are innovators who have converted their disruptive ideas into products, services and experiences that can captivate new customers and drive remarkable growth.”

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“Software, which accounts for nearly two of every three companies on the list, continues to produce some of the most exciting technologies of the 21st century, including innovations in artificial intelligence, predictive analytics and robotics,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and Industry Leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “This year’s ranking demonstrates what is likely a national phenomenon, where many companies from all parts of America are transforming the way we do business by combining breakthrough research and development, entrepreneurship and rapid growth.”

Vendasta previously ranked #349 on the Technology Fast 500 list in 2017, #49 on the Technology Fast 50 list in 2016, and #33 on the Technology Fast 50 list in 2015.