Nulogx announced its ranking among the Deloitte Technology Fast 50, a ranking of the 50 fastest-growing technology companies in Canada, based on the percentage of revenue growth over five years. For 14 years, the Deloitte Technology Fast 50 program has tracked the successful growth of Canadian-grown global leaders. Now Canada’s pre-eminent technology award program, the Deloitte Technology Fast 50, augments the broader Deloitte North American Technology Fast 500 initiative, with winners automatically eligible.
“Canadian technology companies have demonstrated some very impressive growth numbers over the past year amid the challenges of an uncertain global economic recovery,” says Richard Lee, national leader, rechnology, media and telecommunications industry group, Deloitte. “Nulogx is an example of the determination, drive and skill that will serve to position them for further growth and success in the years to come.”
Nulogx President Doug Payne credits the ability of the company’s service and technology solutions to improve transportation processes and reduce costs with its substantial revenue growth. “Our ability to understand client needs and rapidly deploy technology-enabled solutions has resulted in significant improvements in supply chain efficiency for our customers and growth opportunities for Nulogx,” Payne says.
To qualify for the Deloitte Technology Fast 50 ranking, companies must have been in business for at least five years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, and conduct research and development activities in Canada A panel of industry experts evaluate and judge companies based on four key criteria: competitive advantage; size, growth and market attractiveness; management effectiveness and organization; and financial performance.