Nearly 20 Ottawa companies landed on the 2017 Profit 500 list, an annual ranking of the country’s fastest-growing companies, with Martello Technologies leading the local pack at number 48.
Rankings are determined by an analysis of five-year revenue growth. Martello, a Kanata-based tech firm with 25 employees, raised revenues by 1,552 per cent over the past five years. Ottawa Business Journal named Martello its fastest-growing company in 2015.
“Joining the Startup 50 (an accompanying list of new companies ranked by two-year revenue growth) last year put us on the map of top new Canadian growth companies and today, we’re thrilled to be recognized as part of the Profit 500 alongside other innovative, fast growing businesses across Canada,” said CEO Bruce Linton in a statement.
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Ottawa-based NetFore Systems was the Capital’s second entry at number 94. The company, which designs custom software solutions, increased revenues by 756 per cent over the past five years.
Ottawa’s next entry on the list is also no stranger to OBJ’s fastest-growing companies. Napkyn, an analytics and consulting firm twice named to OBJ’s list, came in at number 102 on the Profit 500 with 712 per cent revenue growth.
One of this year’s fastest growing companies, seoplus+, landed on the Startup 50. The digital marketing firm was number 36 on the list after growing revenues by 412 per cent.
Strangely enough, 18 Ottawa companies made the list last year as well, with You.i TV taking the top spot locally.
See the full list of Ottawa-based firms on the Profit 500 below:
Ottawa-based firms on the 2017 Profit 500
#48 – Martello Technologies
1552 per cent revenue growth
#94 – NetFore Systems
756 per cent revenue growth
#102 – Napkyn Analytics
712 per cent revenue growth
#159 – BBG Management
430 per cent revenue growth
#161 – Iceberg Networks
427 per cent revenue growth
#186 – Ontario Rental and Supply
347 per cent revenue growth
#191 – Aqua Drain Sewer Services
341 per cent revenue growth
#207 – Pythian
315 per cent revenue growth
#239 – Avaleris
252 per cent revenue growth
#252 – Mishkumi Technologies
239 per cent revenue growth
#255 – PrecisionIT
238 per cent revenue growth
#264 – The KTL Group
229 per cent revenue growth
#285 – D-Squared Construction Group
208 per cent revenue growth
#342 – Orangutech
163 per cent revenue growth
#361 – MaxSys Staffing & Consulting
146 per cent revenue growth
#396 – PrecisionERP
122 per cent revenue growth
#423 – RBR
106 per cent revenue growth
#489 – Iron Horse Security & Investigations
81 per cent revenue growth
