VANCOUVER, British Columbia--(BUSINESS WIRE)--Canada Drives has been presented with an Enterprise Fast 15 award in recognition of its technological innovation, entrepreneurship, and rapid growth.
The Enterprise Fast 15 leadership category is part of the Technology Fast 50™ program and recognizes the fastest-growing enterprise-level technology, media, and telecommunications companies by revenue-growth percentage over their last four years of operation. Canada Drives ranks 9th on the list with a growth rate of 244%.
The company is also pleased to announce that it has placed 386th on Deloitte’s Technology Fast 500™. With this win, Canada Drives marks its fifth consecutive year in the North American Technology Fast 500™ ranking.
Canada Drives’ Founder & Co-CEO, Cody Green, credits a culture of relentless innovation and customer-centricity. Green said, “To see Canada Drives hold a place on these prestigious rankings for five years in a row is a testament to our unyielding focus on solving the real and ever-evolving problems facing our customers. I am extremely proud of our team’s commitment to keep innovating and adding value to our customers, especially in these challenging times.”
Eligibility in the Enterprise Fast 15 category requires applicants to meet the same criteria as for Technology Fast 50 nominees except they must have a minimum revenue of $10 million in 2016 and a minimum revenue of $25 million in 2019.
“We’re delighted to recognize Enterprise Fast 15 winners, who are amongst the elite of Canada’s technology sector, achieving world-class results and helping shape and transform the industry,” said Erica Pretorius, partner and national leader for the Technology Fast 50™ program at Deloitte Canada. “Enterprise Fast 15 winners join the ranks of other global leaders across Canada. Their competitive drive, integrity and vision for the future propels and strengthens Canadian innovation. I can’t wait to see where they take us moving forward.”
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 distinct categories, including the Technology Fast 50 ranking, Enterprise Fast 15, 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 2020 program sponsors include Deloitte, RBC, CBRE, Clarity Recruitment, and Lafond. For further information, visit www.fast50.ca.
About Deloitte’s 2019 Technology Fast 500™
Now in its 26th year, Deloitte’s 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 2016 to 2019.
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 $US50,000, and current-year operating revenues of at least $US5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
About Canada Drives
Canada Drives is a financial technology business leader & online retailer with over 400 employees who serve over one million consumers a year in Canada, the US, and the UK. Founded in 2010, Canada Drives combines best-in-class technology and exemplary customer service, providing a wide range of financial products and more. For more information, visit www.canadadrivesgroup.ca.