Fast-growing company rides wave of interest in smart-home technology and clean energy solutions to achieve nearly 400% revenue growth in three years
Vancouver, BC, November 16, 2016 — Neurio is named as one of Canada’s fastest growing technology companies in the 19th annual Deloitte Technology Fast 50™awards for demonstrating bold innovation, dedicated leadership and strong growth. Neurio – a leading provider of home energy monitoring and analytics – ranked 32nd with a 391 percent in revenue growth from 2012 to 2015.
The Deloitte Technology Fast 50 program celebrates leaders in the Canadian technology industry and tracks the successful growth of Canadian-grown leaders. The program augments the broader Deloitte North American Technology Fast 500™ initiative with winners automatically eligible for this elite ranking.
Janice Cheam, President and CEO of Neurio, credits rising adoption of smart home technology and the global need to reduce CO2 emissions along with increasing energy prices with the company’s over 300 percent revenue growth.
“We are honoured to be named to Deloitte’s Technology Fast 50,” said Cheam. “CO2 is the number one cause of global warming–and rates are rising. Companies like Neurio are pushing to increase customer awareness and behavioural change to reduce CO2 dependence.. We are thrilled to demonstrate that sustainability focused technology and high growth successful companies can go hand in hand.”
“Fast 50 companies are the cutting-edge innovators leading the technology industry in Canada,” said Anders McKenzie, Technology, Media and Telecommunications Managing Partner for Deloitte in Canada. “Their bold vision, unrivaled growth and true commitment to innovation allow them to not only improve today’s world, but also shape tomorrow’s.”
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.
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, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than four years, with the potential to be a future Deloitte Technology Fast 50 candidate) and the Leadership Awards (companies that demonstrate technological leadership and innovation within the industry.) Program sponsors include Deloitte, Aequitas NEO Exchange, Bank of Montreal, Bennett Jones, OMERS Ventures and Vistara Capital Partners. For further information, visit www.fast50.ca.