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Burnaby tech company lands on Fast 50 list with explosive 5,230% growth

Deloitte puts Traction Guest on growth list
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Deloitte Canada has announced this year’s winners of the Technology Fast 50, Enterprise Fast 15, Clean Technology, and Companies-to-Watch awards. And a Burnaby company landed in the top 10.

Traction Guest, which operates out of a facility on Production Way in Burnaby and helps protect businesses through its “visitor management” systems, was No. 5 on the list with three-year growth of 5,230 per cent.

Now in its 24th year, the Technology Fast 50 program recognizes the world-class achievements of Canadian technology companies, highlighting their commitment to innovation, continued resilience amid a global pandemic, strong leadership, and rapid revenue growth between 2017 and 2020. This year, the average three-year growth of the Fast 50 winners is 2,604 per cent, compared to 2,144 per cent in 2020.

At the top of this year’s Technology Fast 50 list, with three-year growth of 33,614 per cent, is the mobile commerce business, Snapcommerce. Based in Toronto, Snapcommerce’s global message-driven commerce platform gives users a new way to shop by using AI to connect consumers to the best prices and promotions on mobile.

This year’s Technology Fast 50 program welcomes a new award category, the Clean Technology award, a ranking of Canada’s top clean innovators providing processes, goods or services that reduce environmental impacts. The majority of the companies’ revenues must come from products or services that have a positive environmental impact in the following areas: carbon emissions reduction potential, resources circulation (reduce, reuse and recycle), or environmental preservation and safety. With reduction of the carbon footprint of paramount importance, these outstanding companies help create the sustainable business and technology landscape of the future and pave the way for other companies focused on reducing their environmental impacts.

Taking first place in the new Clean Technology category, with three-year growth of 4,043 per cent, is Pela. Based in Kelowna, Pela is developing products that reduce waste and educate and inspire a global community of people who are committed to making a positive impact on our planet.