Prodigy Ventures Inc. Named One of Deloitte's Technology Fast 50(TM) and 2016 Technology Fast 500(TM) Companies
Toronto, Ontario--(Newsfile Corp. - November 16, 2016) - Prodigy Ventures Inc. (TSXV: PGV) ("Prodigy" or the "Company") today announced that the Company has been named as one of Canada's fastest growing technology companies in the 19th annual Deloitte Technology Fast 50™ awards for demonstrating bold innovation, dedicated leadership and strong growth. Prodigy also ranked on Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America.
The Deloitte Technology Fast 50 program celebrates leaders in the Canadian technology industry and tracks the successful growth of Canadian-grown leaders. The program augments the broader Deloitte North American Technology Fast 500™ initiative with winners automatically eligible for this elite ranking. Prodigy's CEO, Tom Beckerman, commented, "We are delighted to be named one of the fastest growing technology companies, as we join the ranks of the Deloitte Technology Fast 50 Canada and Fast 500 North America. Our revenue growth has been based on generating success for our enterprise clients, delivered by our outstanding team of professionals, and constantly pushing the envelope with emerging technologies."
"Fast 50 companies are the cutting-edge innovators leading the technology industry in Canada," said Anders McKenzie, Technology, Media and Telecommunications Managing Partner for Deloitte in 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."
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.
Overall, 2016 Technology Fast 500 companies achieved revenue growth ranging from 121% to 66,661% from 2012 to 2015, with an average growth rate of 290%.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than four years, 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, OMERS Ventures and Vistara Capital Partners. For further information, visit www.fast50.ca.
About Deloitte's 2016 Technology Fast 500™
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 2012 to 2015. 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 or USD, and current-year operating revenues of at least $5 million or USD. Additionally, companies must be in business for a minimum of four years, and be headquartered within North America.
About Prodigy Ventures Inc.
Prodigy Ventures is an innovation company that has combined an enterprise services business - Prodigy Labs - with a Venture Builder business. The two businesses work together to sell services and create new enterprise-grade platforms and apps using technologies such as mobile video, proximity, wearables, 3D & augmented reality.
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