MONTREAL & NEW YORK--(BUSINESS WIRE)--Plusgrade (“the Company”), a leading provider of revenue solutions to the travel industry, today announced it has been named as one of North America's fastest growing technology companies in the 19th annual Deloitte Technology Fast 50™ and Fast 500™ awards. Plusgrade ranked #11 on the Canadian Fast 50 list, the highest ranking winner from the Montreal and Quebec region.
The Deloitte Technology Fast 50 and Fast 500 programs celebrate leadership, innovation, and rapid growth in the Canadian and North American technology sectors, based on the percentage of revenue growth over the past three years. Plusgrade achieved 1,313% revenue growth from 2012 to 2015.
“As a global market leader, we are delighted to be awarded as one of the fastest growing technology companies in our sector,” said Ken Harris, Founder and CEO of Plusgrade. “This recognition is a tribute to our committed customers and talented team who play a key role in Plusgrade’s ongoing success. We look forward to continuing our strong momentum and providing the travel industry with innovative, big impact, proprietary software solutions that are our hallmark.”
“Fast 50 companies are the cutting-edge innovators that have successfully proven to set a high bar for the technology industry in Canada,” said Anders McKenzie, Technology, Media and Telecommunications Managing Partner for Deloitte in 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.”
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.
Plusgrade is the market leading provider of upgrade solutions, a key segment of the fast-growing ancillary revenue and merchandising sector in the global airline industry. The Company’s software solutions provide its global base of customers with meaningful incremental revenue and controls, allowing them to enhance and optimize revenue across classes of service. Plusgrade’s proprietary SaaS platform has received accolades from industry-wide participants and many distinguished media publications. Founded in 2009, Plusgrade has offices in Montreal, Canada and New York. For more information, please visit www.plusgrade.com.
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 50 Ranking, Companies-to-Watch Awards and the Leadership Awards. Program sponsors include Deloitte, Aequitas NEO Exchange, Bank of Montreal, Bennett Jones, OMERS Ventures and Vistara Capital Partners. For further information, visit www.fast50.ca.
About Deloitte’s 2016 Technology Fast 500™
Technology Fast 500™ provides a ranking of the fastest growing technology, media, telecommunications, life sciences, 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 2012 to 2015. 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 $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years, and be headquartered within North America.