Loopio Announced As One of Deloitte’s Technology Fast 50™ Companies
TORONTO, Nov. 18, 2020—Loopio is proud to announce its ranking of 27 in the Deloitte Technology Fast 50™ program for its rapid revenue growth and innovation. The program recognizes Canada’s 50 fastest-growing technology companies with the highest revenue-growth percentage over the past four years. Loopio earned its spot thanks to its revenue growth of 681 percent from 2016 to 2019.
The Deloitte Technology Fast 50 program winners consist of public and private companies in the technology sector, which have transformed 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 and energy tech companies in North America. Loopio ranks 173 on this list.
“We’re excited to have a spot on these prestigious lists for a second year in a row,” says Zak Hemraj, CEO and Co-Founder of Loopio. He credits Loopio’s rapid growth to his team’s relentless focus on making it easier for companies to respond to RFPs. “Our team’s ability to innovate and adapt, while staying laser-focused on the problems we’re solving for our customers, is what has fuelled our success.”
Loopio’s RFP response software helps companies streamline their response process for Requests for Proposals (RFPs), Due Diligence Questionnaires, and Security Questionnaires. They’re known for their easy-to-use platform, exceptional customer service, and magnetic company culture.
“This year’s Fast 50 winners should be especially proud of this designation, as their role in the fabric of Canadian business—particularly during these turbulent times—is crucial,” says Erica Pretorius, partner and national leader for the Technology Fast 50 program at Deloitte Canada. “Their bold vision and true commitment to innovation allow them to not only improve today’s world, but also shape tomorrow’s, despite the constant uncertainty. This year’s winners are proving themselves resilient, innovative and adaptable, all in an unpredictable year defined by economic instability and the continuing public health crisis.”
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.
In order to be eligible for the 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.
Loopio is a Toronto-based software provider that helps companies streamline their response process for RFPs, DDQs, and Security Questionnaires. With Loopio, teams can respond faster, improve response quality, and win more business. Loopio is one of Canada’s fastest-growing tech startups. It ranked twice as one of the fastest-growing companies on the Deloitte Technology Fast 50™ list and selected twice as one of LinkedIn’s Top Startups in Canada.
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 distinct categories, including the Technology Fast 50 ranking, Enterprise Fast 15, and Companies-to-Watch. The program also recognizes companies within the North American Technology Fast 500 ranking, identifying technology companies in the United States and Canada. The 2020 program sponsors include Deloitte, RBC, CBRE, Clarity Recruitment, and Lafond. For further information, visit www.fast50.ca.
Deloitte provides audit and assurance, consulting, financial advisory, risk advisory, tax, and related services to public and private clients spanning multiple industries. Deloitte serves four out of five Fortune Global 500® companies through a globally connected network of member firms in more than 150 countries and territories bringing world-class capabilities, insights, and service to address clients’ most complex business challenges. Deloitte LLP, an Ontario limited liability partnership, is the Canadian member firm of Deloitte Touche Tohmatsu Limited. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.
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For media inquiries: please contact Katie Flood, Content Marketing Manager, Loopio.
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