Company ranked as one of and North America's fastest growing technology companies for fifth consecutive year
TORONTO—GuestLogix Inc, a provider of onboard retail and payment technology solutions to airlines and the passenger travel industry, has been recognized as one of Canada’s fastest growing technology companies in the 16th-annual Deloitte Technology Fast 50 awards. GuestLogix also ranked among the 500 fastest growing technology companies in North America in the Deloitte Technology Fast 500. These awards are granted for technological innovation, entrepreneurship, rapid growth and leadership based on the percentage of revenue growth over five years.
The Deloitte Technology Fast 50 program recognizes leaders in the Canadian technology industry and tracks the successful growth of Canadian-grown global leaders. The program augments the broader Deloitte North American Technology Fast 50initiative, with winners automatically eligible for this elite ranking.
GuestLogix was ranked 39th on the Deloitte Fast 50 and 375th on the Deloitte Fast 500 and achieved a 204-percent revenue growth rate over the past five years.
To qualify for the Deloitte Technology Fast 50 ranking, companies must have been in business for at least five years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, and conduct research and development activities in Canada. A panel of industry experts evaluate and judge companies based on four criteria: competitive advantage; size, growth, and market attractiveness; management effectiveness and organization; and financial performance.