Shopify named CIX's 2015 Innovator of the Year

Shopify added to its trophy collection Tuesday when the Ottawa company was named the Canadian Innovation Exchange’s 2015 Innovator of the Year.

“Shopify is one of the great Canadian corporate stories of the last decade,” CIX co-chair John Ruffolo said in a statement. “(CEO) Tobias Lütke and his team have shown a commitment to building a world-class company in Canada. They’ve changed the playing field for retailers around the globe when it comes to commerce.”

Mr. Ruffolo is also CEO of OMERS Ventures, which led the $100-million Series C investment in the e-commerce juggernaut in December 2013.

“We could not be happier for their success and are honoured to present Shopify with this award,” he said.

The CIX Innovator of the Year Award goes to a Canadian company that disrupts or transforms its industry. Since it was founded in 2006, Shopify has grown to have more than 175,000 customers and more than $10 billion in sales.

Shopify’s chief platform officer, Harley Finkelstein, will accept the award at the CIX Top 20, a showcase of the country’s top innovations on Nov. 17 in Toronto. Mr. Finkelstein will also deliver a keynote at the event.

“We are honoured to be named the CIX Innovator of the Year for 2015,” he said in a statement. “We’re a proud Canadian company and understand the importance of creating a collaborative and supportive environment for emerging companies, helping them build and create the best products.”