Vidyard attributes 442% revenue growth to focus on innovation, strong leadership and rapid revenue growth.
KITCHENER, November 7, 2019 — For the third year, Vidyard, the leading video platform for business, 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.
Sandy Pell, Head of Corporate Communications, Vidyard
About the Deloitte Technology Fast 50™
The Deloitte Technology Fast 50 program is Canada’s preeminent 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 USD 50,000, and current-year operating revenues of at least USD 5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Vidyard is the video platform for business that helps organizations drive more revenue through the use of online video. Going beyond video hosting and management, Vidyard helps businesses drive greater engagement in their video content, track the viewing activities of each individual viewer, and turn those views into action. Global leaders such as Honeywell, LinkedIn, Citibank and Sharp rely on Vidyard to power their video content strategies and turn viewers into customers.