Explorance Ranked Number 295 Fastest Growing Company in North America on Deloitte’s 2015 Technology Fast 500™
Montreal, Canada – November 13, 2015 – Explorance, the leading provider of Learning Experience Management solutions, announces today that it has been ranked 295 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Also ranked 35 as one of Canada’s fastest growing technology companies in the 18th annual Deloitte Technology Fast 50™, Explorance grew 232 percent between 2011 and 2014.
The prestigious Deloitte Technology Fast 500™ award program recognizes public and private businesses across North America whose growth in fiscal year revenue has seen the highest percentage increase in the last three years. Since 1995, Deloitte has been recognizing cutting edge companies who are reaching new heights in their respective fields.
Over the last few years, Explorance has experienced continuous growth, releasing innovative, all-in-one assessment solutions and opening two international offices to cater to the growing number of clients outside of North America. “Explorance’s growth is directly tied to the commitment of our employees who are passionate about helping organizations make informed decisions with fact-based assessment data,” says Samer Saab, CEO of Explorance. “We are honored to be a part of Deloitte’s Technology Fast 500™ companies. This motivates us to keep on providing top-of-the-line Learning Experience Management solutions in 2016 and beyond.”
“What’s clear is that despite market uncertainty, these companies have found a way to innovate and grow, harnessing the power of emerging technologies to disrupt and influence business across almost all industries,” said Robert Nardi, Technology, Media and Telecommunications Managing Partner for Deloitte in Canada. “Congratulations to this year’s Fast 500 companies. We are looking forward to witnessing their continued growth and impact on the technology market.” Overall, 2015 Technology Fast 500™ companies achieved revenue growth ranging from 109 percent to 21,984 percent from 2011-2014, with an average growth rate of 850 percent.
If you would like to learn more about the Deloitte Technology Fast 500™ awards, please consult Deloitte’s website. Contact Explorance to find out how Learning Experience Management solutions can help your organization collect data, extract analytics and grow your business through informed decision making.
About Deloitte’s 2015 Technology Fast 500™
Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies – both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2011 to 2014.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of four years, and be headquartered within North America.