Toronto, ON — November 9, 2017 — Geotab, an award-winning leader in telematics technology, today was recognized for its ability to create a competitive advantage in a high-growth market with a prestigious Leadership Award, as part of the 20th annual Deloitte Technology Fast 50™ Awards Program. Additionally, with a growth rate of 146% over the past three years, Geotab was ranked number 485 on Deloitte’s Technology Fast 500™.
Deloitte Technology Fast 50 Leadership Award winners are selected by a judging panel based on four key criteria: competitive advantage, growth and market attractiveness; management effectiveness and organization; and financial performance. Leadership Award winners demonstrate innovation, leadership and dominate in their sector to join the ranks of other Canadian global leaders.
Geotab’s CEO, Neil Cawse, credits the company’s focus on innovation, open platform and the fostering of strong partner ecosystems like the Geotab Marketplace, with the company’s ability to rise to a leadership position in their segment and achieve 146% revenue growth. Cawse said, “Geotab is extremely pleased and honored to be recognized by Deloitte for the sixth year. This recognition is a direct testament to the dedication of our employees, our leadership team and our continuous commitment to innovation.”
“Technology Fast 50 Leadership Awards and Fast 500 winners achieve world-class results. They help shape and transform the Canadian technology sector,” said Erica Pretorius, Partner and National Leader for the Technology Fast 50™ program at Deloitte Canada. “Their passion, integrity and vision define the unique strengths of Canadian innovation.”
To qualify for the Leadership Award, candidates must be headquartered in Canada and devote a significant portion of their operating revenues to creating proprietary technology or intellectual property. Additionally, 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.
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 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, CBRE, OMERS Ventures and Wellington Financial. For further information, visit www.fast50.ca.