Toronto-based RFP response software company recognized as one of Canada’s fastest-growing technology teams for the third year in a row.
Loopio is proud to announce its ranking of 28th in the Deloitte Technology Fast 50™ program for its rapid revenue growth and innovation. The program recognizes Canada’s 50 fastest-growing technology companies with the highest revenue-growth percentage over the past four years. Loopio ranks 28th with a 573 percent in revenue growth from 2017 to 2020.
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The Deloitte Technology Fast 50 program winners consist of public and private companies in the technology sector, which have transformed the industry. Now in its 24th year, the program runs alongside the broader Deloitte North American Technology Fast 500™—a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, and energy tech companies in North America. Loopio ranks 233 on this list.
“We’re excited to have a spot on these prestigious lists for the third year in a row,” says Zak Hemraj, CEO and Co-Founder of Loopio. He credits Loopio’s rapid growth to his team’s relentless focus on helping their customers succeed. “Our team’s ability to innovate and adapt, while staying laser-focused on the problems we’re solving for our customers, is what’s fuelled our success.”
“We now serve more than 1000 world-leading organizations, and I couldn’t be more proud of the work we’re doing,” says Hemraj, who co-founded the Canadian company in 2014.
Earlier this year, Loopio raised a $200M strategic investment from Sumeru Equity Partners to strengthen their market leadership and fuel their next chapter of growth. Their software helps companies streamline the response process for Requests for Proposals (RFPs), Due Diligence Questionnaires, and Security Questionnaires. Loopio is known for its easy-to-use platform, exceptional customer service, and magnetic company culture.
“As we rise above another year of uncertainty, we are exceptionally proud to announce this year’s Fast 50 winners,” stated Anders McKenzie, partner and national leader for the Technology Fast 50 program at Deloitte Canada. “These innovative trailblazers have demonstrated resilience, true commitment to innovation, adaptability, and business leadership as we cope with an ever-changing new normal. The Fast 50 companies act as catalysts, driving growth of Canadian business.”
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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 five percent of gross revenues in R&D.
“Each year, the Technology Fast 500 shines a light on leading innovators in technology, and this year is no exception,” said Paul Silverglate, vice-chair, Deloitte LLP and U.S. technology sector leader. “In the face of innumerable challenges resulting from the pandemic, the best and brightest were able to pivot, reinvent and transform and grow. We celebrate the winning organizations, and especially the talented employees driving their success.”