Attributes 749% Percent Revenue Growth to strong market fit with a disruptive solution that significantly improves the efficiency, optimization and bottom line of transportation departments and service providers around the world.
Kitchener, November 13, 2014 — Miovision is named as one of Canada’s fastest growing technology companies in the Deloitte Technology Fast 50™ awards two years in a row for technological innovation, entrepreneurship, rapid growth and leadership, based on the percentage of revenue growth over five years. Miovision ranked 19 with a 749% percent in revenue growth from 2009 to 2013. This is Miovision’s second year on the Fast 50™ list – in 2013 Miovision was ranked the #2 fastest growing company in Canada with a 6,839% growth. Miovision is also ranked #149 of the 500 fastest growing companies in North America.
Miovision’s CEO, Kurtis McBride, credits his team’s acute grasp of the challenges faced in the transportation industry and their passion to utilize technology to solve customer problems with the company’s 749% percent revenue growth. McBride said, “We’ve built an incredibly empowered and talented team here that drive hard at delivering innovative solutions that measurably improve the transportation network.”
“Fast 50 companies are entrepreneurial, innovate and demonstrate leadership,” said Pascal Lamoureux, Partner and Leader for Deloitte’s Fast 50 program. “Their commitment and achievements are critical to the growth of the Canadian technology sector.”
Now in its 17th year, the Deloitte Technology Fast 50™ program celebrates leaders in the Canadian technology industry and tracks the successful growth of Canadian-grown leaders. The program augments the broader Deloitte North American Technology Fast 500™ initiative with winners automatically eligible for this elite ranking.
To qualify for the Deloitte Technology Fast 50™ ranking, companies must have been in business for at least five years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, and conduct research and development activities in Canada. A panel of industry experts evaluate and judge companies based on four key criteria: competitive advantage; size, growth, and market attractiveness; management effectiveness and organization; and financial performance.
About the Deloitte Technology Fast 50™ – The Deloitte Technology Fast 50™ program is Canada’s pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features four distinct categories including the Technology Fast 50™ Ranking, Companies-to-Watch Awards, and the Leadership Awards. Program sponsors include Deloitte, Bennett Jones and OMERS Ventures. For further information, visit www.fast50.ca.
About Miovision – Miovision was founded in 2005 by three systems design engineers out of the University of Waterloo, and has since grown to serve well over 500 customers in over 30 countries. Miovision’s products provide engineering firms and government agencies with valuable insights into their transportation networks and infrastructure projects, and help to improve the safety and efficiency of roads and highways around the world. Miovision currently has a team of approximately 70 people in Canada and Germany.
519-513-2407 x 221