Canadian tech firms are doing more with a lot less. Canuck technology companies on the Deloitte Technology Fast 50 list grew their revenues by an average of 5,020 per cent each this year — the third highest average in the list’s history – despite a drought in access to financing.
One of the few public companies on the Deloitte Technology Fast 50 list is NexJ Systems Inc., which ranked sixth overall. The firm, which supplies CRM software to the financial, insurance and health care sectors, raised about $44 million in its May IPO on the TSX.
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