For the third year, Vidyard has been recognized as a recipient of Canada's Technology Fast 50™ for its rapid revenue growth, entrepreneurial spirit and continuous innovation. The program recognizes Canada’s 50 fastest-growing technology companies with the highest revenue-growth percentage over the past four years.
Vidyard has ranked 39th with a growth rate of 442% in revenue growth from 2015 to 2018 and holds its position amongst the top B2B SaaS companies on the 2019 Fast 50™ list.
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 22nd year, the program runs alongside the broader Deloitte North American Technology Fast 500™, with winners automatically eligible for this elite ranking.
“In today’s increasingly digital world, we’ve seen incredible growth in our business as more and more organizations turn to video to connect and communicate with their customers. From marketing to sales and internal communications–video is helping businesses of all sizes humanize and personalize every customer experience,” said Vidyard's CEO and co-founder, Michael Litt. “We’ve seen rapid adoption of our technology across both small businesses and large enterprises, and are thrilled to be recognized on this year’s Deloitte’s 2019 Fast 50™ list.”
“In an era of rapid and constant change, Fast 50™ companies should be incredibly proud of the impact they are making across all industries, as they foster the economic prosperity and success of our country,” said Erica Pretorius, Partner and National Leader for the Technology Fast 50™ program at Deloitte 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, and I can’t wait to see where they take us moving forward.”
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.