Press releasesNovember 13, 2013
Stingray Digital is named as one of Canada’s fastest growing technology companies in the Deloitte Technology Fast 50TM awards for technological innovation, entrepreneurship, rapid growth and leadership, based on the percentage of revenue growth over five years. Stingray Digital’s exceptional increase in revenues from 2008 to 2012 resulted in a 15 ranking.
“Canadian Fast 50 companies innovate, demonstrate leadership, create jobs, and invest in R&D,” said Richard Lee, Deloitte’s National Managing Partner, Technology, Media & Telecommunications. “They are remarkable companies that show dedication, drive and commitment that are keys to growth in the Canadian technology sector.”
Stingray Digital’s CEO and Founder Eric Boyko credits worldwide scale achieved through targeted acquisitions and the agility and skills to adapt to customer needs with the company’s revenue growth. Boyko said, “We are thrilled and proud to be recognized by Deloitte for this prize. Our company’s tremendous growth is the result of the hard work of our management team and all of our employees.”
Now in its 16th year, the Deloitte Technology Fast 50TM program recognizes leaders in the Canadian technology industry and tracks the successful growth of Canadian-grown global leaders. The program augments the broader Deloitte North American Technology Fast 500™ initiative, with winners automatically eligible for this elite ranking.
To qualify for the Deloitte Technology Fast 50TM ranking, companies must have been in business for at least five years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, and conduct research and development activities in Canada. A panel of industry experts evaluate and judge companies based on four key criteria: competitive advantage; size, growth, and market attractiveness; management effectiveness and organization; and financial performance.
About the Deloitte Technology Fast 50TM
The Deloitte Technology Fast 50TM program is Canada’s pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features four distinct categories including the Technology Fast 50TM Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than five years, with the potential to be a future Deloitte Technology Fast 50TM candidate,) Leadership Awards (companies that demonstrate technological leadership and innovation within the industry) and the Deloitte Technology Green 15TM Awards (Canada’s leading GreenTech companies that promote a more efficient use and re-use of the earth’s resources in industrial production and consumption.) Program sponsors include Deloitte, Bennett Jones and OMERS Ventures. For further information, visit www.fast50.ca.
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