Top 20 Movers and Shakers and Top 10 Growth Companies
While some of Canada’s leading technology companies struggled to maintain pace as a result of the challenging market conditions that continued in 2010, several organizations on this year’s Top 250 experienced impressive growth, leading to tremendous upward movement on this year’s listing. This year’s Movers and Shakers listing is comprised of small niche players that realized significant revenue growth in 2010, allowing them to make the transition from The Next 50 to The Top 250 listing, as well as medium-sized ICT players that built on previous successes to continue to climb the ranks of Canada’s ICT elite in 2010. Novadaq Technologies, a developer of medical imaging technologies for use in the operating room, led all listed companies this year by rising 65 spots from the 230th position in 2009 to 165 in 2010. The estimated 84.42 per cent growth that the Mississauga, Ont.-based company experienced in 2010 is largely due to a significant licensing and development contract it landed in early 2009. Maplesoft Group, a high-flying systems integrator headquartered in Ottawa, continued its upward movement on the Branham300 this year, surging 53 positions to land in the number 65 position. Two other firms appearing on this year’s Branham300 climbed more than 50 positions in 2010, as QA Consultants moved up 52 spots to the number 117 position, and Atlantis Systems ascended 51 positions to the 146 spot on this year’s Top 250.
Several companies making their first appearance on the Branham300 experienced exemplary growth in 2010, allowing them to land on this year’s Top 10 Growth Companies listing. Headlining this year’s list of Canada’s fastest growing ICT companies is Active Control Systems, an advanced wireless productivity and safety systems provider, which increased revenues by an astounding 324.54 per cent to $5.31 million in 2010 from $1.25 million in 2009. The main driver of growth for the Burlington, Ont.-based company was its newly launched two-way wireless voice communications, tracking and data system, which contributed approximately $4.7 million or 89 per cent of Active Control Systems’ sales in 2010. CANTRONIC Systems, an infrared imaging and video security surveillance technologies specialist, also debuted on this year’s Branham300 with impressive growth, increasing revenues by 319.64 per cent from $3.74 million in 2009 to $15.71 million in 2010. Landing in the 160th position on this year’s Branham300, the company’s rapid year-over-year expansion is due to strong growth for its video surveillance, thermal imaging and infrared detection products in both North American and Chinese markets.
