TORONTO, Nov. 13, 2014 /CNW/ - Venngo Inc. today announced it ranked 248 on Deloitte's Technology Fast 500TM, a ranking of 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. Venngo grew 392% percent between 2009-2013.
"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.
"Technology Fast 500 winners achieve success and strong growth as a direct result of their leadership and commitment to innovation," said Pascal Lamoureux, Partner and Leader for Deloitte's Fast 50 program. "They make significant contributions to the evolution of the technology industry."
"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 50 TM and the North America Technology Fast 500 is an honour and we thank our customers and team for getting us here," says Mr. Weissman.
Overall, 2014 Technology Fast 500 TM companies achieved revenue growth ranging from 136 percent to 123,678 percent from 2009-2013, with an average growth rate of 1,646 percent.
About Deloitte's 2014 Technology Fast 500 TM
Technology Fast 500, conducted by Deloitte & Touche 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 2009 to 2013.
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.
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.
Image with caption: "Venngo Inc. (CNW Group/Venngo Inc.)". Image available at: http://photos.newswire.ca/images/download/20141113_C6759_PHOTO_EN_8004.jpg
SOURCE: Venngo Inc.
For further information: Tom De Iulis, SVP, Venngo Inc., 1-866-383-6646 ext.225, [email protected]