ProntoForms Named a 2016 Deloitte Technology Fast 50™ Company
269 per cent revenue growth positions ProntoForms as a market leader
OTTAWA, Ont. - November 16, 2016 - ProntoForms Corporation (TSX VENTURE: PFM), the leading provider of mobile data collection and analytics platforms for enterprises, is pleased to announce that it has been named one of Canada's 50 fastest growing tech companies in the 19th annual Deloitte Technology Fast 50. ProntoForms earned the honor by delivering 269 per cent in revenue growth from 2012 to 2015.
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.
"We are the leader in a market assessed at more than 42 million subscribers in North America alone. Our rapid growth is a testament to the quality of our platform, team, and go-to-market strategy," said ProntoForms Founder and CEO Alvaro Pombo. "We are honored to be recognized by Deloitte, and we look forward to expanding our presence in the growing mobile forms and workflows space."
"Fast 50 companies are the cutting-edge innovators leading the technology industry in Canada," said Anders McKenzie, Technology, Media and Telecommunications Managing Partner for Deloitte in Canada. "Their bold vision, unrivaled growth, and true commitment to innovation allow them to not only improve today's world, but also shape tomorrow's."
As ProntoForms continues to experience rapid growth, it is driving innovation in the market and working with businesses across industries to help them embrace mobile technology and data-driven enterprise strategies. The innovative, cost-effective ProntoForms mobile workflow platform leverages customizable mobile forms, contextual collaboration capabilities, and an analytics and reporting engine -- empowering companies to mobilize business processes for increased productivity, compliance, and service quality. With ProntoForms' powerful analytics capabilities, businesses are uncovering patterns, eliminating risks, and spotting business trends faster -- leading to better business outcomes.
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 per cent of gross revenues in R&D.
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, Aequitas NEO Exchange, Bank of Montreal, Bennett Jones, OMERS Ventures and Vistara Capital Partners. For further information, visit www.fast50.ca.
About ProntoForms Corporation
ProntoForms is a mobile workflow platform used by more than 3,500 businesses to collect and analyze field data with smartphones and tablets. Our product delivers an intuitive, secure and scalable solution for transforming business processes, with a low total cost of ownership. Our customers harness the solution to increase productivity, reduce cost, improve quality of service, and mitigate risks.
ProntoForms is the winner of the 2015 Frost & Sullivan Competitive Strategy Innovation and Leadership Award for the Mobile Forms Industry.
The company trades on the TSXV under the symbol PFM. ProntoForms is the registered trademark of ProntoForms Inc., a wholly owned subsidiary of ProntoForms Corporation. The director appointment described above is subject to TSX Venture Exchange approval.
Certain information in this press release may constitute forward-looking information. For example, statements about the Company's future growth or value are forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company.
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