The events that took place throughout 2009 contributed to a considerable amount of company movement in the ranks of the Top 250 this year. The Movers and Shakers list recognizes companies that were able to overcome difficult business conditions and generate impressive positive growth leading to substantial upward movement on this year’s listing. Leading all firms on this year’s Top 250, Enablence Technologies increased revenues an astonishing 1,135 per cent in 2009, to climb 209 positions and land in the number 84 spot on this year’s list with $45.24 million in revenues. The Ottawa-based company underwent significant change during its 2009 fiscal year, integrating three firms it acquired in 2008 into its operations, while also maintaining its focus on building out its sophisticated product line with a significant percentage of its revenues (37 per cent) allocated to research and development activities.
After making its first appearance on the Branham300 last year, Toronto-based GuestLogix surged 69 positions on this year’s listing to rank number 151, increasing revenues by 122 per cent to an estimated $18.78 million in 2009. The designer of retail solutions for the passenger travel industry experienced strong growth in both North American and European markets, adding several high-profile airlines to its list of clients, during its 2009 fiscal year.
Two other firms making their first appearance on the Branham300 this year realized significant year-over-year increases to land on the Top 10 Growth Companies listing in 2009. With the help of an acquisition it finalized late in its 2009 fiscal year, JumpPoint took off to increase revenues by 170 per cent this year, from $13.68 million in 2008 to $36.92 million in 2009. Meanwhile, Vancouver-based Elastic Path also expanded rapidly this year, increasing revenues by 112 per cent to $17.94 million in 2009. The enterprise e-commerce platform provider has come a long way since its bootstrapped beginnings, to land in the number 157 spot on this year’s Top 250.
