With the Canadian economy apparently mired in a prolonged period of subpar growth, one couldn’t blame business owners for being pessimistic about current opportunities for expansion. But the firms honoured in the PROFIT 200 ranking of Canada’s Fastest-Growing Companies are proof that more than a little optimism is in order.
Released today, the PROFIT 200 is the definitive annual ranking of Canada’s Fastest-Growing Companies by five-year revenue growth. Despite a sluggish economy, the businesses profiled in the pages of PROFIT’s Summer 2011 issue have generated five-year revenue growth averaging an extraordinary 1,464%.
This year, an impressive 28 Quebec-based companies rank on the PROFIT 200. They’re a diversified lot, succeeding in everything from online marketing to manufacturing military gear.
“The PROFIT 200 demonstrate that innovative small and medium-sized businesses operate all across the country,” says Ian Portsmouth, editor-in-chief of PROFIT Magazine. “No matter where they are from, they all have valuable lessons to share on how to drive growth in today’s challenging economy.”
PROFIT 200: the Top 5 from Quebec
|Company||Industry||Headquarters||Growth 2005-10 (%)|
|1. Xsilva Systems Inc. (#24 overall)||Develops Mac-based retail point-of-sale software||Montreal||1,902|
|2. NVI (#28)||Online marketing agency||Montreal||1,760|
|3. Adviso Conseil Inc. (#32)||Online marketing agency||Montreal||1,585|
|4. Revision Military Inc. (#42)||Manufactures eye, face and head protection for the military||Montreal||1,260|
|5. iWeb Group Inc. (#52)||Managed web-hosting services||Montreal||1,107|
For the full ranking and breakdown of the PROFIT 200, visit www.profit200.ca.
See iWeb.com’s official press release: http://blog.iweb.com/en/2011/06/iweb-com-52nd-fastest-growing-company-in-canada/7978.html
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