For the Third Consecutive Year, AcuityAds is Recognized as a Growth Leader Amongst North American Technology Companies
TORONTO and NEW YORK, Nov. 16, 2016 /CNW/ - AcuityAds Holdings Inc. (TSXV:AT) ("AcuityAds"), a technology leader that provides targeted digital media solutions enabling advertisers to connect intelligently with audiences across video, mobile, social and online display campaigns, today announced that it has been named in Deloitte's 2016 Technology Fast 500™ in North America, and Deloitte's Fast 50™ in Canada, as one of the fastest growing technology companies for the third year in a row. The list highlights Acuity's position as a boundary-pushing leader in the North American technology scene in another year of significant growth and milestone achievements for the Company.
The Deloitte Technology Fast 500™ and Fast 50™ rankings follow the Company's strong Q3 2016 financial results, which were released on November 8, 2016 reporting $8.87 million in quarterly revenue, a 62% year over year increase.
"We're extremely proud to be recognized again as one of the fastest growing technology companies in North America," stated Tal Hayek, founder and CEO, AcuityAds. "This has been another year of significant growth for our company. I would like to personally thank both our world-class team of professionals and our valued customers and partners that helped us realize this significant achievement for the third year in a row. With the continued support of our customers and partners from around the globe, we look forward to continuing this momentum into 2017 and beyond."
This announcement follows Acuity's recent ranking in another Canadian technology shortlist, The Canadian Innovation Exchange (CIX). CIX, a program designed to showcase Canada's hottest and most innovative public technologies, ranked AcuityAds in the top 20 public Canadian technology companies just last week.
The Technology Fast 500™ and Fast 50™ programs celebrate technological innovation, entrepreneurship, leadership and rapid growth. For 18 years, the program has recognized private and public Canadian companies that represent a variety of industry sub-sectors – from hardware to digital media. Technology Fast 500™ and Fast 50™ companies are on the cutting edge of innovation, transforming business and pushing the world forward.
More information on the 2016 Deloitte Fast 500™ list here: https://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/us-tmt-2016-fast-500-winners-by-rank.pdf.
More information on the 2016 Deloitte Fast 50™ list here: https://www2.deloitte.com/content/dam/Deloitte/ca/Documents/technology-media-telecommunications/ca-en-fast-50-winners-2016.pdf
The Company also announced that it granted an aggregate amount of 50,000 stock options on November 8, 2016 to a consultant of the Company that is providing Investor Relations services in accordance of the provisions of the Company's Stock Option Plan, subject to approval of the TSXV. Each option entitles the holder to purchase one common share of the Company at an exercise price of $1.94 for a period of five years. The options granted will vest in four equal instalments over the next 12 months.
AcuityAds is a technology company that enables marketers to connect intelligently with their most meaningful audiences through digital media. A Self-Serve programmatic marketing platform, powered by proprietary machine learning technology, is at the core of its business, accompanied by a patented solution for mobile targeting that leverages social data. AcuityAds empowers marketers by offering transparency on costs and brand safety, and real-time reporting and analytics, bringing accountability to programmatic advertising to deliver business results.
AcuityAds is headquartered in Toronto, Canada with sales offices in New York City, Boston, Chicago, Los Angeles, San Francisco, San Diego, Vancouver, Calgary and Montreal. For more information, visit 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, [email protected]; Tal Hayek, Chief Executive Officer, AcuityAds Holdings Inc., 416-218-9888, [email protected]; Media contact: Alex Jafarzadeh, March Communications, 617-960-9900, [email protected]