Leading Provider of Revenue Solutions for Travel Industry Recognized for Continued Growth and Global Leadership Position in its Sector
MONTREAL & NEW YORK--(BUSINESS WIRE)--Plusgrade (“the Company”), a leading provider of revenue solutions to the travel industry, today announced it has been named to Deloitte’s inaugural Enterprise Fast 15 List, which recognizes the fastest-growing enterprise-level technology, media, and telecommunications companies by revenue-growth percentage over their last four years of operation. These winners are at the forefront of their sector and join the ranks of other global leaders across Canada.
Plusgrade was also honored as one of North America's fastest growing technology companies in the 25th annual Fast 500™ awards. This marks the fourth consecutive year that Plusgrade has been recognized on the list.
In 2018, Plusgrade was honored with the prestigious Deloitte Technology Fast 50™ Leadership Award, which recognized a company that created a distinct competitive advantage in a high-growth market, allowing them to make a significant impact on their sector.
The Deloitte Technology Fast 500 program celebrates leadership, innovation, and rapid growth in the Canadian and North American technology sectors, based on the percentage of revenue growth over the past three years. Winners are made up of public and private companies in the technology sector that share common traits and strengths and have transformed the industry. Plusgrade achieved 221% revenue growth from 2015 to 2018.
"Our entire team is grateful and thrilled to be named to the inaugural Enterprise Fast 15 list," said Ken Harris, Founder and CEO of Plusgrade. "It recognizes and reinforces our leadership position in the market and the world-class results our talented team is known for in shaping and transforming the global travel industry."
“We’re proud to recognize Enterprise Fast 15 winners, the program’s newest category. They are amongst the elite of Canada’s technology sector, and showcase a level of achievement that makes industry sit up and take notice,” said Erica Pretorius, Partner and National Leader for the Technology Fast 50™ program at Deloitte Canada. “Their passion, integrity and vision define the unique strengths of Canadian innovation. I’m looking forward to how they will change the business and technology landscape in the future.”
Eligibility in the Enterprise Fast 15 category requires applicants to meet the same criteria as for Technology Fast 50 nominees except they must have a minimum revenue of $10 million in 2015 and a minimum revenue of $25 million in 2018.
Plusgrade is an award-winning technology company at the forefront of ancillary revenue and merchandising in the global travel industry. As the market-leading provider in its category of upsell solutions, Plusgrade is generating billions of dollars of new revenue opportunity and powering leading travel suppliers in more than 50 countries. Plusgrade is headquartered in Montréal with offices in New York and Singapore. For more information, please visit www.plusgrade.com.
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 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 $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.