- Achieved Top 10 and Top 100 Rankings for the Second Consecutive Year -
TORONTO, Nov. 16, 2015 /CNW/ - AcuityAds Holdings Inc. (TSXV:AT) ("AcuityAds" or "Company"), a leading provider of targeted digital media solutions, enabling advertisers to connect intelligently with audiences across online display, video, social and mobile campaigns, is pleased to announce that it has been named one of Canada's fastest growing technology companies for the second year in a row, ranking 9th on the 2015 Deloitte Technology Fast 50™, among other top 50 companies including, Hootsuite, Redknee, Avigilon Corporation, and Amaya Inc. AcuityAds has also been named one of the fastest growing technology companies in North America for the second year in a row, ranking 76th on the esteemed Deloitte Technology Fast 500™ which also includes companies such as Facebook, LinkedIn, Tesla Motors, and Salesforce.com.
"We've achieved two years of consecutive top 10 ranking among this competitive group of leading Canadian technology companies through organic growth only," said Tal Hayek, CEO of AcuityAds. "Being recognized for a second year, is a testament to our Company's commitment to building an innovative and industry leading platform. We are excited about the team we have built over the past few years, and equally as important, our prospects for continued growth in the years to come."
Now in its 18th year, the Deloitte Technology Fast 50™ program celebrates the fastest growing technology companies for technological innovation, entrepreneurship, rapid growth and leadership, based on the percentage of revenue growth over five years. The Deloitte Technology Fast 500™ list ranks the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America based on percentage growth over a five year period.
About Deloitte's 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) and the Leadership Awards (companies that demonstrate technological leadership and innovation within the industry). Program sponsors include Deloitte, Bennett Jones and OMERS Ventures. For further information, visit www.fast50.ca.
About Deloitte's Technology Fast 500™
Technology Fast 500™, conducted by Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology 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 five years, and be headquartered within North America.
AcuityAds has developed a Programmatic Marketing Platform powered by proprietary machine learning technology that allows advertisers to target and connect intelligently with their audiences across online display, video, social and mobile campaigns. In 2015, for the second year in a row, AcuityAds was recognized as one of the fastest growing North American technology companies by finishing in the top 10 of Deloitte's 2015 Fast 50™ competition and in the top 100 in Deloitte's 2015 Fast 500™ competition. With sales operations in New York, Boston, Los Angeles, Toronto, and Montreal, AcuityAds customers include both large Fortune 500 enterprises and small to mid-sized businesses. For more information, visit www.acuityads.com.
Disclaimer in regards to Forward-looking Statements
Certain statements included herein constitute "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Investors are cautioned not to put undue reliance on forward-looking statements. Except as required by law, AcuityAds does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE AcuityAds Inc.
For further information: Babak Pedram, Investor Relations, Virtus Advisory Group Inc., 416-644-5081, firstname.lastname@example.org; Tal Hayek, Chief Executive Officer, AcuityAds Holdings Inc., 416-218-9888, email@example.com