TORONTO, Nov. 17, 2021 /PRNewswire-PRWeb/ -- Loopio is proud to announce its ranking of 28th in the Deloitte Technology Fast 50™ program for its rapid revenue growth and innovation. The program recognizes Canada's 50 fastest-growing technology companies with the highest revenue-growth percentage over the past four years. Loopio ranks 28th with a 573 percent in revenue growth from 2017 to 2020.
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 24th year, the program runs alongside the broader Deloitte North American Technology Fast 500™—a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, and energy tech companies in North America. Loopio ranks 233 on this list.
"We're excited to have a spot on these prestigious lists for the third year in a row," says Zak Hemraj, CEO and Co-Founder of Loopio. He credits Loopio's rapid growth to his team's relentless focus on helping their customers succeed. "Our team's ability to innovate and adapt, while staying laser-focused on the problems we're solving for our customers, is what's fuelled our success."
"We now serve more than 1000 world-leading organizations, and I couldn't be more proud of the work we're doing," says Hemraj, who co-founded the Canadian company in 2014.
Earlier this year, Loopio raised a $200M strategic investment from Sumeru Equity Partners to strengthen their market leadership and fuel their next chapter of growth. Their software helps companies streamline the response process for Requests for Proposals (RFPs), Due Diligence Questionnaires, and Security Questionnaires. Loopio is known for its easy-to-use platform, exceptional customer service, and magnetic company culture.
"As we rise above another year of uncertainty, we are exceptionally proud to announce this year's Fast 50 winners," stated Anders McKenzie, partner and national leader for the Technology Fast 50 program at Deloitte Canada. "These innovative trailblazers have demonstrated resilience, true commitment to innovation, adaptability, and business leadership as we cope with an ever-changing new normal. The Fast 50 companies act as catalysts, driving growth of Canadian business."
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.
"Each year, the Technology Fast 500 shines a light on leading innovators in technology, and this year is no exception," said Paul Silverglate, vice-chair, Deloitte LLP and U.S. technology sector leader. "In the face of innumerable challenges resulting from the pandemic, the best and brightest were able to pivot, reinvent and transform and grow. We celebrate the winning organizations, and especially the talented employees driving their success."
About Loopio:
Loopio is a Toronto-based software provider that helps companies streamline their response process for RFPs, DDQs, and Security Questionnaires. With Loopio, teams can respond faster, improve response quality, and win more business. Loopio is one of Canada's fastest-growing tech startups. It has ranked three times as one of the fastest-growing companies on the Deloitte Technology Fast 50™ list and was selected twice as one of LinkedIn's Top Startups in Canada.
About Deloitte Technology Fast 50™:
The Deloitte Technology Fast 50 program is Canada's preeminent technology awards program. Celebrating business growth, innovation, and entrepreneurship, the program features distinct categories, including the Technology Fast 50 ranking, Enterprise Fast 15, Clean Technology, and Companies to Watch. The program also recognizes companies within the North American Technology Fast 500 ranking, identifying technology companies in the United States and Canada. The 2021 program sponsors include Deloitte, RBC, EDC, Miller Thomson, Clarity Recruitment, and Lafond. For further information, visit http://www.fast50.ca.
About Deloitte Technology Fast 500™:
Now in its 27th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies—both public and private—in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2017 to 2020. In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least US$50,000 and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Media Contact
Katie Flood, Loopio Inc., +1 844-456-6746, [email protected]
SOURCE Loopio Inc.
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