[md]Toronto, November 13, 2012 — [Achievers](/), the leader in [employee recognition](https://www.achievers.com/solutions/employee-recognition) and rewards software, is ranked the #23 fastest growing technology company in Canada in the 15th annual Deloitte Technology Fast 50™ awards. The Fast 50 program recognizes the 50 fastest growing technology companies in Canada, based on the percentage of revenue growth over five years. Achievers increased revenues nearly 400% from 2007 to 2011, which resulted in a #23 ranking.
“Canadian Fast 50 companies innovate, demonstrate entrepreneurship, create jobs, and invest in R&D,” said Richard Lee, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. “Achievers is an example of a company that shows passion, determination and drive that are so important for growth in the Canadian technology sector.”
“The ability to increase revenue growth nearly 400% in five years is attributed to Achievers’ dedicated and engaged employees and our advanced product,” says Razor Suleman, founder and chairman of Achievers. “Our innovative software solution has helped companies boost [employee engagement](https://www.achievers.com/resources/best-practices/employee-engagement) worldwide and has built loyal and happy customers.”
Now in its 15th year, the Deloitte Technology Fast 50™ program recognizes leaders in the Canadian technology industry and tracks the successful growth of Canadian-grown global leaders. The program augments the broader Deloitte North American Technology Fast 500™ initiative, with winners automatically eligible for this elite ranking.
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.
##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 four distinct categories including the Technology Fast 50™ Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than five years, with the potential to be a future Deloitte Technology Fast 50™ candidate,) Leadership Awards (companies that demonstrate technological leadership in four industry subcategories: hardware/semiconductor, software, telecommunications and emerging technologies) and the Deloitte Technology Green 15™ Awards (Canada’s leading GreenTech companies that promote a more efficient use and re-use of the earth’s resources in industrial production and consumption.) Program sponsors include Deloitte, Gowlings, Wellington Financial, TMX Group, HUB International HKMB, National Angel Capital Organization, CVCA, MaRS and IGLOO Software. For further information, visit www.fast50.ca.