Top 20 Movers and Shakers   |  March 31, 2009  

The Movers and Shakers are companies that experienced remarkable revenue growth over the course of 2008, resulting in substantial upward movement among the Top 250 rankings. In order to be eligible, firms must have appeared on the 2007 Branham300. This year’s group generated a combined $564 million in revenue, achieving year-over-year revenue growth of 65 per cent in 2008.

The Software and IT Hardware and Infrastructure categories comprise the highest percentage of the 2008 Movers and Shakers, accounting for 43 per cent and 29 per cent, respectively. Companies appearing on this year’s list are headquartered across Canada, with the highest concentration located in Ontario (52 per cent), followed by B.C. and Quebec, each of which houses 19 per cent of those highlighted in 2008.

Montreal-based Averna headlines the 2008 Movers and Shakers, increasing revenues by 250 per cent this year, to climb an amazing 103 positions on the 2008 Top 250. Early in 2008, the test engineering software and solutions company strengthened its management team, broadened its product portfolio and expanded its geographical market with the acquisition of Mindready Solutions, contributing significantly to its growth in 2008.

Two companies appearing on the 2007 Movers and Shakers list were able to return in 2008. Moving up 61 positions in 2007, Cyberplex climbed 65 additional spots in 2008 after achieving triple-digit growth (127 per cent in 2008) for the second consecutive year. Nstein Technologies bettered its positional increase of 16 spots in 2007 by jumping 27 positions in 2008 to rank 129 on this year’s Top 250.

OmniGlobe Networks, not appearing on the Movers and Shakers list because it was not on the Top 250 in 2007, was able to achieve the highest year-over-year growth of any company appearing on the 2008 Top 250, generating $15 million in 2008, a 400 per cent increase over 2007. Leveraging its appearance on the 2007 Up and Comers listing, the company was able to debut in the 164 position on the Top 250 in 2008.





Top 20 Movers and Shakers - 2008

Back to Top300 Table of Contents - 2009