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Deloitte unveils its top 50 Canadian tech companies to watchDeloitte is celebrating its 20th anniversary of its Technology Fast 50program, which recognizes technology companies for their entrepreneurialspirit, innovation, rapid revenue growth, and world-class achievements.This year’s Canadian top 50 accomplished an average four-year growth rate of4,625 per cent, which is a 74 per cent increase over 2016 numbers.Topping the 2017 list is London, Ont.-based social entertainment media companyDiply.com, which publishes lifestyle and pop culture content targeting NorthAmerican millennials. Taking second place is Prodigy Game, a game-basedmathematics learning platform based out of Burlington, Ont., and in third isProdigy Ventures (no relation to Prodigy Game), a Toronto company that createsenterprise platforms and consumer apps with emerging technologies.Majority of this year’s Fast 50 winners are based in Ontario (29), followed byBritish Columbia (13), and Quebec (five), with the remaining coming from thePrairie region (four). In addition, this year’s Leadership award winnersinclude Geotab, Index Exchange, iQmetrix, Kinaxis, PointClickCare, RealMatters and Shopify.You can find the rest of the Fast 50 list below.“Fast 50 winners achieve incredible growth. These companies foster theeconomic prosperity and success of our country,” Anders McKenzie, managingpartner for technology, media, and telecommunications at Deloitte Canada, saidin a Nov. 9 press release. “The technology, media and telecommunicationssector has achieved significant advances in the last twenty years. Thiscurrent innovative cohort of companies continues to lead the pack intransforming the way we live and work. They should be incredibly proud of theimpact they are making across all industries and how they are shaping theworld as we know it today and what it will look like tomorrow.”#### Survey findingsIn addition to listing the top Canadian technology companies to watch goingforward, Deloitte also surveyed the companies. Despite the remarkable year-over-year growth, almost half (47 per cent) of the survey respondents pointedto finding talent as the biggest challenge facing their business.There has also been a shift in the demographics of Fast 50 companies, Deloittefound. The majority of the workforces at these companies are now more thanhalf millennials born between 1981 and 2001 (53 per cent), and a quarter ofrespondents said that 21-30 per cent of new hires for all positions are women,which represents a significant increase from 13 per cent in last year’ssurvey.In terms of new and emerging technologies, all Fast 50 companies reported thatthey are using more or the same about of artificial intelligence (AI) andcognitive technologies than ever before, with machine learning and naturallanguage processing being the most popular. In fact, 60 per cent ofrespondents said that leveraging AI helps their companies work faster, moreefficiently, and with more flexibility – without replacing employees.And when it comes to accessing capital, majority (62 per cent) of the Fast 50companies felt that their ability to access such funds has improved over thelast five years. Interestingly, 64 per cent of survey respondents indicatedthat access to US sources of capital has gotten better.“The achievements of this year’s winners and the improvements in their abilityto access capital demonstrates that the Canadian technology sector is strongand continues to show promise. But like other industries, it continues to facea talent shortage against the backdrop of economic growth,” Erica Pretorius,partner and national leader for the Technology Fast 50 program at Deloitte inCanada, explained. “Canada is a prosperous country and showcasing our diverseand inclusive workplace will help attract highly qualified talent.”Rank | Company Name | City | Province | Growth % —|—|—|—|— 1 | Diply | London | ON | 92881.1% 2 | Prodigy Game | Burlington | ON | 18933.0% 3 | Prodigy Ventures | Toronto | ON | 16790.9% 4 | Bench Accounting | Vancouver | BC | 12814.3% 5 | SkipTheDishes | Winnipeg | MB | 10969.6% 6 | StackAdapt | Toronto | ON | 10301.0% 7 | SendtoNews | Victoria | BC | 9277.7% 8 | Maropost | Toronto | ON | 7038.2% 9 | Refresh Financial | Kelowna | BC | 5482.7% 10 | Benevity | Calgary | AB | 5410.7% 11 | Unata | Toronto | ON | 4269.7% 12 | Bold Commerce | Winnipeg | MB | 3692.1% 13 | Influitive | Toronto | ON | 3682.7% 14 | Awesense | Vancouver | BC | 3058.3% 15 | FixMeStick Technologies Inc. | Montreal | QC | 2698.2% 16 | Vidyard | Kitchener | ON | 2139.9% 17 | Wave | Toronto | ON | 1949.6% 18 | Canada Drives | Vancouver | BC | 1759.5% 19 | IntraGrain Technologies Inc. | Regina | SK | 1496.7% 20 | PixMob | Montreal | QC | 1253.0% 21 | Foodee | Vancouver | BC | 1035.6% 22 | Visier | Vancouver | BC | 989.2% 23 | Axonify | Waterloo | ON | 958.2% 24 | Shopify | Ottawa | ON | 896.5% 25 | BroadbandTV | Vancouver | BC | 888.7% 26 | Allocadia | Vancouver | BC | 852.2% 27 | TouchBistro Inc. | Toronto | ON | 838.3% 28 | Sortable | Kitchener | ON | 801.9% 29 | Plusgrade | Montreal | QC | 785.7% 30 | Big Blue Bubble | London | ON | 785.4% 31 | Neurio | Vancouver | BC | 781.3% 32 | RateHub | Toronto | ON | 768.7% 33 | Unbounce | Vancouver | BC | 680.5% 34 | Buyatab Online Inc. | Vancouver | BC | 626.8% 35 | Motoinsight | Toronto | ON | 625.7% 36 | Top Hat | Toronto | ON | 616.9% 37 | mobileLIVE | Richmond Hill | ON | 601.1% 38 | Arcane Digital Inc. | London | ON | 553.0% 39 | eSentire | Cambridge | ON | 531.8% 40 | Voices.com | London | ON | 506.4% 41 | Dealer-FX | Markham | ON | 506.2% 42 | Klipfolio | Ottawa | ON | 505.2% 43 | You.i TV | Ottawa | ON | 499.0% 44 | Budge Studios | Montréal | QC | 482.4% 45 | Media Resources Inc. | Oakville | ON | 477.4% 46 | Eastside Games Inc. | Vancouver | BC | 472.1% 47 | Big Viking Games | London | ON | 424.7% 48 | Magnet Forensics | Waterloo | ON | 399.6% 49 | GSOFT | Montreal | QC | 386.7% 50 | 500px | Toronto | ON | 382.9% 50 | TextNow | Waterloo | ON | 382.9%