Deloitte’s Technology 'Fast 50' Names Clio One of the Fastest Growing Companies in Canada for Third Consecutive YearNovember 28, 2016
World’s leading law firm management platform recognized for exceptional growth three years running
Vancouver, B.C., November 16, 2016 — Clio, the world’s leading cloud-based legal practice management software, is honored to announce it has ranked on Deloitte’s Technology Fast 50™, listing the fastest-growing Canadian technology companies, for a third consecutive year—also ranking among the fastest growing technology companies in all of North America on Deloitte’s Technology Fast 500™ list, including Facebook, Square, Box, Twitter, and others.
“It’s a tremendous honor to be recognized as one of the 50 fastest-growing technology companies in Canada for the third year,” said Jack Newton, Clio CEO and co-founder. “The fact that we have able to sustain this growth over multiple years is a testament to the exceptional Clio staff behind the scenes and our loyal customer base who continue to promote and use our product.”
Citing ongoing dialog with their diverse customer base, Clio has evolved from humble beginnings as a time tracking and invoicing solution to an essential platform underpinning more than 150,000 law firms worldwide.
“The impressive growth of Fast 50 winners is often an indication of their courage – demonstrated in deliberate action and bold decision-making,” says Deloitte. “Technology Fast 50 winners are selected for demonstrating innovation, leadership, and rapid revenue growth over their last four years of operations.”
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.
Clio is the most comprehensive cloud-based practice management platform for the legal
industry. With the help of the cloud, Clio eases the process of time tracking, billing, administration, and collaboration for law firms of all sizes. Based in Vancouver, B.C. and launched in 2008, Clio is used by legal professionals in over 50 countries. Clio has raised $27 million from investors including Bessemer Venture Partners. Learn more at www.clio.com.
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 www.fast50.ca.
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