Clio Ranked Number 20th Fastest Growing Company in CanadaNovember 13, 2015
Clio is recognized as one of North America’s fastest growing technology companies two years in a row.
Clio, the world’s leading cloud-based, legal practice management software, announced today that it ranked 20th in Deloitte’s Technology Fast 50™, listing the fastest-growing Canadian technology companies. Clio is also ranked among the fastest growing companies in all of North America on Deloitte’s Technology Fast 500™ list.
The acclaimed Technology Fast 500™ award is a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Clio ranked on the list because of its rapid revenue growth of 436 percent between 2011 – 2014.
The Deloitte Technology Fast 50™ program celebrates leaders in the Canadian technology industry and tracks the successful growth of Canadian-grown leaders. The program augments the broader Deloitte North American Technology Fast 500™ initiative with winners automatically eligible for this elite ranking.
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.
“Fast 50 companies are innovators that transform great ideas into stunning realities,” said Robert Nardi, Technology, Media and Telecommunications Managing Partner for Deloitte Canada. “Their passion and determination makes them all inspiring success stories. They are vital to the Canadian technology sector.”
Clio’s co-founder and Chief Executive Officer, Jack Newton, explains what he feels has driven the company’s phenomenal revenue growth: “When Rian Gauvreau and I launched Clio seven years ago, we felt the legal industry’s transformation via technology, and in particular cloud computing technology, was inevitable. We’re proud to be one of the primary drivers of that transformation, and are thrilled to be recognized by Deloitte and the Fast 50 and Fast 500 awards.”
About the Deloitte Technology Fast 50™
The Deloitte Technology Fast 50™ program is Canada’s pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features three distinct categories including the Technology Fast 50™ Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than four years, with the potential to be a future Deloitte Technology Fast 50™ candidate) and the Leadership Awards (companies that demonstrate technological leadership and innovation within the industry.) Program sponsors include Deloitte, Bank of Montreal, Bennett Jones, OMERS Ventures and Vistara Capital Partners. For further information, visit http://www.fast50.ca.
About Deloitte’s 2015 Technology Fast 500™
Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2011 to 2014.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of four years, and be headquartered within North America. Read more at http://www.fast500.com.
Clio is the most comprehensive cloud-based practice management platform for the legal industry. Produced with the cooperation and advice of Bar Associations and Law Societies worldwide, Clio is web-enabled, mobile-friendly, and built specifically for the legal profession. It delivers all the tools modern law firms need to run a successful practice: calendaring, time tracking, note-taking, document management, task management, legal accounting, bookkeeping, and billing.
Through the power of cloud computing, Clio eases the process of time tracking, billing, administration, and collaboration for law firms of all sizes. Clio also integrates seamlessly with other popular applications such as email, Google Apps, and Dropbox. As more and more legal professionals use Clio to save time and work more efficiently, Clio continues to evolve and innovate using digital technology to help update and improve legal practices, saving thousands of lawyers millions of hours around the globe.
Founded in 2007 by Jack Newton and Rian Gauvreau, and headquartered in Vancouver, Canada, Clio employs over 120 employees and has opened offices in Toronto, Canada and Dublin, Ireland. Learn more at https://www.clio.com.