Toronto, November 7, 2019 — Loopio, the leader in RFP response software, ranked 13th in the Deloitte Technology Fast 50™ Awards for its rapid revenue growth and bold innovation. The Fast 50 program recognizes Canada’s 50 fastest-growing technology companies with the highest revenue-growth percentage over the past four years.
Loopio also ranked 98th on Deloitte’s Technology Fast 500™ list. Now in its 25th year, the Fast 500 is an elite ranking of the fastest growing technology, media, telecommunications, life sciences, and energy tech companies in North America.
CEO Zak Hemraj says Loopio’s success is a result of building a strong team that’s focused on fixing the RFP response process. "Winning a Deloitte Fast 50 Award validates that we're on the path to building a world-class company. To us, this means being a place where people come to learn and grow, and solve important problems for our customers. I believe that every business on this list carries the same spirit, and we couldn't be more proud to be in such great company."
“This year marks the 25th anniversary of Deloitte’s Technology Fast 500, so we are especially pleased to announce and congratulate the 2019 winners,” said Sandra Shirai, vice chairman, Deloitte LLP, and US technology, media, and telecommunications leader. “Once again, we saw innovation across the board, with software companies continuing their dominance of the top ten. It’s always inspiring to see how the Fast 500 companies are transforming business and the world we live and work in.”
“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.”
Loopio’s inclusion in Deloitte’s 2019 Technology Fast 50 and Fast 500 lists is a meaningful milestone for the company, which was listed as one of Canada’s Companies-to-Watch in the 2018 Deloitte Technology Fast 50 Awards.
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, Enterprise Fast 15 category (recognizes fastest-growing enterprise-level technology, media, and telecommunications companies by revenue-growth percentage over their last four years of operation), and Companies-to-Watch Awards (early-stage Canadian tech companies with the potential to be a future Deloitte Technology Fast 50 candidate). Program sponsors include Deloitte, Bank of Montreal, CBRE, First West Capital, Miller Thomson, OMERS Ventures, 3C, and Lafond. For further information, visit www.fast50.ca.
About Deloitte’s 2019 Technology Fast 500™ - Now in its 25th 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 2015 to 2018.
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 Loopio - Loopio is a Toronto-based technology company that helps enterprises supercharge their responses to RFPs, DDQs, and Security Questionnaires. With the Loopio platform, companies can empower their teams to respond faster, improve response quality, and ultimately win more business. Loopio is one of Canada’s fastest-growing tech startups. It was named one of Canada’s Companies-to-Watch in the 2018 Deloitte Technology Fast 50™ Awards and was selected as one of LinkedIn’s Top Startups in Canada.