Loopio named one of Deloitte’s Technology Fast 50™ companies for fourth consecutive year
Toronto, November 16, 2022 – Loopio, the leading response management platform, has been named a Deloitte Technology Fast 50 program award winner for the fourth consecutive year. The program recognizes Canada’s 50 fastest-growing technology companies based on the highest revenue-growth percentage over the past four years, and Loopio ranks 48th with 440 percent revenue growth from 2018 to 2021.
Celebrating its 25th anniversary, Deloitte’s Technology Fast 50 program winners consist of public and private companies in the technology sector that are transforming the industry. The program runs alongside the broader Deloitte North American Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 28th year. Loopio ranks 331st on this list.
Zak Hemraj, CEO and Co-Founder of Loopio, credits the company’s commitment to its people and customers for this recognition.
“We have built a solid foundation for rapid growth by creating a workplace where people can thrive, and by staying laser-focused on the problems we’re solving for our customers. This recognition by Deloitte reflects the innovative and dedicated talent, spirit, and culture that’s been cultivated here at Loopio, and we’re excited about what’s to come.”
“It’s inspiring how this year’s exceptional cohort of Technology Fast 50 winners have delivered outstanding revenue growth even in the face of prevailing uncertainties in the economy and marketplace,” commented Anders McKenzie, partner and national leader for the Technology Fast 50 program at Deloitte Canada. “Fueled by exemplary innovation, creativity, resilience, adaptability, along with superior business leadership, these companies are paving the way as catalysts in their respective sectors and delivering growth and value to the Canadian economy both at home and beyond.”
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 Loopio:
Loopio’s RFP response software helps companies streamline their response process for RFPs, DDQs, and Security Questionnaires. With Loopio, teams respond faster, improve response quality, and win more business. Serving over 1,400 customers globally, Loopio is the leading, most-loved RFP response solution in the market.
Founded in 2014, Loopio is one of Canada’s fastest-growing technology startups. It has ranked twice as one of the fastest-growing companies on the Deloitte Technology Fast 50TM list, and it was also named one of Canada’s Top Small & Medium Employers. In 2021, Loopio raised a $200M strategic investment from Sumeru Equity Partners to fuel its next stage of growth. Learn more at loopio.com.
About the Deloitte Technology Fast 50™ program:
The Deloitte Technology Fast 50 program is Canada’s preeminent technology awards program.
Celebrating its 25th anniversary, the program recognizes business growth, innovation, and entrepreneurship in four distinct categories: Technology Fast 50 ranking, Enterprise Fast 15, Clean Technology, and Companies-to-Watch. The program also recognizes companies within the North American Technology Fast 500 ranking, identifying thriving technology companies in the United States and Canada. The 2022 program sponsors include Deloitte, RBCx, Osler, EDC, CBRE, Vector Institute, Council of Canadian Innovators (CCI), Clarity Recruitment, Lafond, and TMX. For further information, visit www.fast50.ca.
About the 2022 Deloitte Technology Fast 500™:
Now in its 28th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, 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 2018 to 2021.
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 US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
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