Kitchener-Waterloo's Fastest-Growing Companies: 2017 PROFIT 500
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A new economic wave is washing through the Tri-Cities area, with the local universities giving rise to a healthy startup ecosystem. But tech isn't the only booming industry in and around Kitchener-Waterloo, as evidenced by the region's respresentatives on the 2017 PROFIT 500 ranking of Canada's Fastest-Growing Companies.
The 17 firms from Kitchener-Waterloo on this year's ranking grew their revenues an average of 876% between 2011 and 2016. Collectively they employed 1,251 full time-equivalent employees in 2016.
Here is the complete list of Kitchener-Waterloo's fastest-growing companies for 2017.
1. Sortable
Headquarters: Kitchener, Ont.
What it does: Provides automated ad-optimization software and services for online publishers
2. Axonify
Revenue (2016): US$10–20 million
Headquarters: Waterloo, Ont.
What it does: Develops employee training and knowledge software for corporations
3. Magnet Forensics
What it does: Develops and sells digital investigation software
4. Dejero
What it does: Builds cloud-based platforms that transmit live videos for media companies
5. Keyspire
Headquarters: Cambridge, Ont.
What it does: Provides education and an online community for real estate investors
6. Diva International
What it does: Produces and sells feminine hygiene products through retail chains and health stores
7. Stance Healthcare
What it does: Designs and manufactures furniture for hospitals and health care facilities
8. MarshallZehr Group
What it does: Provides real estate developers with financing and capital management services
9. Financial Horizons Group
What it does: Distributes financial and insurance products and services through independent financial advisors
10. VinylTrends
What it does: Manufactures flooring underlayments and other construction materials
11. Angstrom Engineering
What it does: Manufactures thin-film deposition equipment for use in research labs
12. Six S Partners
What it does: Sells ERP software and provides training and support services to users
13. AET Group
What it does: Provides environmental consulting, auditing and scientific services
14. Document Imaging Partners
Headquarters: Breslau, Ont.
What it does: Sells and services office equipment and enterprise software
15. Liftsafe Group of Cos.
Headquarters: Ayr, Ont.
What it does: Engineers, manufactures and and services material handling, fall protection and ground support equipment
16. Miltera
What it does: Manufactures complex tight-tolerance components and parts
17. Eclipse Automation
What it does: Designs, installs and services custom industrial automation systems
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