- Deloitte awards Prodigy Education with its third consecutive win in two notable categories -
TORONTO, Nov. 7, 2019 /CNW/ - Prodigy Education – a Canadian educational technology company – took home an impressive 19th place ranking on Deloitte's Technology Fast 50, along with a 136th place ranking in the North American Technology Fast 500. The company was honored for its entrepreneurial spirit, bold innovation and 909% percent revenue growth from 2015 to 2018.
The Deloitte Technology Fast 50 recognizes Canada's 50 fastest-growing technology companies with the highest revenue-growth percentage over the past four years. Program winners consist of public and private companies in the technology sector, which have transformed the industry.
Co-founders Rohan Mahimker and Alex Peters, who started Prodigy Education in 2011 as a project at the University of Waterloo, credit their rapid revenue increase to a growing team of talented employees who are dedicated to the company's ambitious mission: to help every student around the world love learning.
"Our mission and values are so important to our team culture. When we bring in new talent, we always make sure they believe in what we stand for," says Mahimker. "This has helped us build an amazing team of people who truly want to make an impact. We celebrated reaching 300 employees this year, which is a huge milestone for us."
The Fast 50 and Fast 500 rankings mark the third consecutive year Prodigy Education has been recognized for its accelerated growth and innovation in the technology industry.
"In an era of rapid and constant change, Fast 50 companies should be incredibly proud of the impact they are making across all industries, as they foster the economic prosperity and success of our country," said Erica Pretorius, Partner and National Leader for the Technology Fast 50™ program at Deloitte Canada. "Their bold vision, unrivaled growth and true commitment to innovation allow them to not only improve today's world, but also shape tomorrow's, and I can't wait to see where they take us moving forward."[WK1]
According to Mahimker and Peters, the recognition they've received in the last few years is only the beginning for the company.
"To be honored with such prestigious awards reminds us how far we've come," Peters adds. "It really inspires us to keep improving and finding new ways to advance. We can't wait to see what we can accomplish next with our phenomenal team."
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 three distinct categories including the Technology Fast 50 Ranking, Enterprise Fast 15 category (recognizes fastest-growing enterprise-level technology, media, and telecommunications companies by revenue-growth percentage over their last four years of operation), and Companies-to- Watch Awards (early-stage Canadian tech companies with the potential to be a future Deloitte Technology Fast 50 candidate). Program sponsors include Deloitte, Bank of Montreal, CBRE, First West Capital, Miller Thomson, OMERS Ventures, 3C and Lafond. For further information, visit www.fast50.ca.
About Deloitte's 2019 Technology Fast 500™
Now in its 25th year, Deloitte's Technology Fast 500 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 2015 to 2018.
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 $US50,000, and current-year operating revenues of at least $US5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
About Prodigy Education In the last eight years, Prodigy Education has grown from 3,000 local users to more than 50 million worldwide users who are voluntarily practicing math every single day — and enjoying it! Currently, the fastest-growing educational startup in North America — with recent expansions into the UK, Australia, and India — Prodigy Education connects students, parents, teachers and school districts with resources that promote a lifelong love of learning. Anyone with an internet connection is welcome to create a free account and try its effective and engaging K-8 math platform. Prodigy Education's guiding mission is to help every student in the world love learning. Visitprodigygame.com to learn more.