TORONTO, Nov. 13, 2014 /CNW/ - Venngo Inc., Canada's leading provider of private, fully managed group discount and engagement programs, is named as one of Canada's fastest growing technology companies in the Deloitte Technology Fast 50TM awards for technological innovation, entrepreneurship, rapid growth and leadership, based on the percentage of revenue growth over five years. Venngo ranked 27 with a 392 percent in revenue growth from 2009 to 2013.
"We have created a national network and proprietary platform based on a convergence of market trends and a growing need for organizations to provide more value and increase engagement. The wide acceptance of discounting in the marketplace, advances in mobile and web technologies, and a desire to uniquely engage employees, members and customers, have come together in Venngo's WorkPerks®, MemberPerks® and CustomerPerks® programs. Our programs are purposely designed to enable members to save money, extend an organizations corporate brand, and allow merchants to build a loyal customer base from our private audience of consumers", says Paul Weissman, Venngo's President and CEO. Today, over 1 million households have access to discounts from 1,200+ brand name and local merchants through Venngo's highly scalable technology platform — anytime, anywhere.
The Deloitte Technology Fast 50TM program, now in its 17th year, celebrates leaders in the Canadian technology industry and tracks the successful growth of Canadian-grown leaders. The program augments the broader Deloitte North American Technology Fast 500TM initiative with winners automatically eligible for this elite ranking.
"To be recognized as one of North America's Fasting-Growing Companies is the result of our ongoing desire to provide our customers with a unique engagement differentiator that truly adds value. To be ranked on both the Deloitte Technology Fast 50TM and the North America Technology Fast 500 is an honour and we thank our customers and team for getting us here," says Mr. Weissman.
"Fast 50 companies are entrepreneurial, innovate and demonstrate leadership," said Pascal Lamoureux, Partner and Leader for Deloitte's Fast 50 program. "Their commitment and achievements are critical to the growth of the Canadian technology sector."
To qualify for the Deloitte Technology Fast 50TM 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 50TM
The Deloitte Technology Fast 50TM 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 50TM 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 50TM 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 Venngo Inc.
Venngo is Canada's leading provider of private, fully-managed group discount and engagement programs. Through its WorkPerks®, MemberPerks® and CustomerPerks® programs, Venngo provides group customers with an innovative, fully-managed and highly engaging loyalty program. Members have access to exclusive savings on a wide range of products; from restaurants and entertainment, to clothing and travel. Available anytime, anywhere — via online and mobile apps — members can easily save $100s to $1,000s a year with discounts from a growing list of 1,200+ brand name and local merchants nationwide. Venngo's merchant partners have exclusive access to a private group of highly sought after loyal customers. To learn more about Venngo, please visit us online at www.venngo.com.
SOURCE: Venngo Inc.
For further information: Tom De Iulis, SVP, Venngo Inc., 1-866-383-6646 ext.225, [email protected]