TORONTO--(BUSINESS WIRE)--Top Hat is named as one of Canada’s fastest growing technology companies in the 19th annual Deloitte Technology Fast 50™ awards for demonstrating bold innovation, dedicated leadership and strong growth. Top Hat ranked 18th with a 607% percent in revenue growth from 2012 to 2015.
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.
Top Hat's CEO Mike Silagadze, credits the company’s unique business model and innovative edtech platform with the company's 607% percent revenue growth. Silagadze said, “We had a strong vision for using technology to improve the classroom experience for university professors and students. The adoption of our platform by thousands of professors and more than two million students at 650 of the top colleges and universities in North America has been incredibly rewarding validation of that vision; and we’ve only just begun.”
“Fast 50 companies are the cutting-edge innovators leading 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.
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 (early-stage Canadian tech companies in business less than four years, with the potential to be a future Deloitte Technology Fast 50 candidate) and the Leadership Awards (companies that demonstrate technological leadership and innovation within the industry.) 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 Top Hat - Top Hat’s interactive platform enables college and university professors to engage their students inside and outside the classroom with compelling interactive tools and content. Thousands of professors and more than 2 million students at 650 of the top 1,000 colleges and universities in North America use Top Hat's platform. Headquartered in Toronto, Canada, Top Hat has been operating profitably since its 2009 launch with $22M in venture capital funding. To learn more, visit www.tophat.com.