KITCHENER, Ontario – November 12, 2015 — Miovision, is named as one of Canada’s fastest growing technology companies in the 18th annual Deloitte Technology Fast 50™ awards for demonstrating bold innovation, dedicated leadership and strong growth. Miovision ranked 32nd with a 305 percent in revenue growth from 2011 to 2014.
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.
Miovision CEO and co-founder Kurtis McBride credits the company’s ability to help government agencies build the foundations for smart cities with the company’s 305 percent revenue growth.
“City infrastructure will undergo major changes over the next decade as technology improves how they serve residents,” McBride said. “Miovision is delivering on our vision to help them through this renewal by helping them install the infrastructure that will serve as a foundation for smart cities.”
“Fast 50 companies are innovators that transform great ideas into stunning realities,” said Robert Nardi, Technology, Media and Telecommunications Managing Partner for Deloitte Canada. “Their passion and determination makes them all inspiring success stories. They are vital to the Canadian technology sector.”
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.
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 three distinct categories including the Technology Fast 50TM Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than four years, with the potential to be a future Deloitte Technology Fast 50TM candidate) and the Leadership Awards (companies that demonstrate technological leadership and innovation within the industry.) Program sponsors include Deloitte, Bank of Montreal, Bennett Jones, OMERS Ventures and Vistara Capital Partners. For further information, visit www.fast50.ca.
About Miovision Technologies
Miovision is a technology company that empowers transportation professionals, through data and infrastructure, to improve the transportation experience. With over 650 customers in 50 countries across the world, Miovision provides meaningful solutions to real challenges facing today’s traffic systems. For additional information about Miovision, visit www.miofrench.wpengine.com.
Brad Hem, The Dialog Lab for Miovision