Québec, November 12, 2015 — Eddyfi is proud to announce that it ranked 19th fastest growing company on Deloitte’s Technology Fast 50. It also ranked on the North American Technology Fast 500 ranking.
The Deloitte Technology Fast 50 program celebrates leaders in the Canadian technology industry for demonstrating bold innovation, dedicated leadership, and strong growth. To qualify for the Deloitte Technology Fast 50 ranking, companies must have been in business for at least four years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, conduct research and development activities in Canada, and invest a minimum of 5% of gross revenues in R&D.
Similarly, the Deloitte Technology Fast 500 is an annual ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, and energy tech companies in North America. This ranking is based on the percentage fiscal year revenue growth over four years, from 2011 to 2014.
Since its foundation in 2009, Eddyfi has grown from a five-employee start-up to an over 115-employee company by expanding its application scope from the power generation industry to oil and gas, aerospace, and other markets. It has become a leader in its field by investing massively in innovation and new product development. The company invests 20% to 25% of its revenue in research and development, and more than 40% of its staff is dedicated to that effort. Over the years, Eddyfi has also developed and marketed a number of proprietary technologies around eddy current array technology, namely the Sharck and DefHi probes, as well as instruments such as the Ectane and Reddy.
“We are thrilled by these rankings. They are the proof that we’re moving in the right direction,” says Martin Thériault, Eddyfi’s President and CEO. “Eddyfi is a customer-centric, innovation-driven company that aims to push back the limits of NDT technologies by developing new solutions that offer the maximum amount of value to our customers. This is essentially what led us to be part of the Fast 50 group.”
For the complete list of winners, visit here.