Vancouver, November 9, 2017 — Neurio was recognized for rapid revenue growth, bold innovation and its entrepreneurial spirit with a Deloitte Technology Fast 50 program award. The Fast 50 program honours 50 Canadian technology companies with the highest revenue-growth percentage over the past four years. Neurio ranked 31st with 781.3 percent in revenue growth from 2013 to 2016.
The Deloitte Technology Fast 50 program winners are made up of public and private companies in the technology sector that share common traits and strengths and have transformed the industry. Celebrating its 20th anniversary this year, the program augments the broader Deloitte North American Technology Fast 500™ initiative with winners automatically eligible for this elite ranking.
Neurio’s CEO Janice Cheam, credits Neurio’s innovative energy monitoring hardware and analytics approach, along with the rapid adoption of renewables and the global need to reduce CO2 emissions, with the company’s 781.3 percent revenue growth. Cheam said, ““We are honoured to be once again named to Deloitte’s Technology Fast 50,” said Cheam. “Now more than ever Cleantech companies, like Neurio, are vital in helping to fight climate change. We are thrilled to demonstrate that sustainability focused technology and high growth successful companies can go hand in hand.”
“New technologies have disrupted various industries in ways that were unimaginable a few years ago,” said Erica Pretorius, Partner and National Leader for the Technology Fast 50™ program at Deloitte Canada. “Fast 50 winners have led the way and I can’t wait to see where they take us next.”
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 Neurio Technology Inc – Neurio is a leading residential energy management company that helps homeowners reduce energy costs through smarter energy decisions. From industry leading energy monitoring and control technology to sophisticated analytics that provide granular energy information, we are changing how energy is used and managed in a home. With over 140,000 homes using Neurio, homeowners and businesses are quickly realizing the power of what Neurio can offer. Learn more at www.neur.io
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 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, CBRE, OMERS Ventures and Wellington Financial. For further information, visit www.fast50.ca.