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AskingCanadians recognized in the Deloitte Technology Fast 50™ Awards

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Data collection firm also named to the Deloitte North American Technology Fast 500™ ranking

Deloitte_Logo(Toronto, ON) November 13, 2014 AskingCanadians, one of Canada’s leading online data collection companies, has ranked among the fastest-growing technology companies in the 17th annual Deloitte Technology Fast 50™ awards.

The Fast 50 program celebrates leaders in the Canadian technology industry and recognizes technological innovation, entrepreneurship, rapid growth and leadership, based on the percentage of revenue growth over five years. AskingCanadians ranked 26th with a 434 per cent increase in revenue growth from 2009 to 2013.

“Fast 50 companies are entrepreneurial, innovate and demonstrate leadership,” said Pascal Lamoureux, Partner and Leader for Deloitte’s Fast 50 program. “Their commitment and achievements are critical to the growth of the Canadian technology sector.”

The Fast 50 program augments the broader Deloitte North American Technology Fast 500™ initiative with winners automatically eligible for this elite ranking. AskingCanadians placed 221 in the Fast 500™ program, which ranks the 500 fastest-growing companies throughout North America in the technology, telecommunications, life sciences, and clean technology sectors.

“We are extremely proud to be included on these prestigious lists. These awards are great recognition for all of the hard work by our team over the last five years,” said Raj Manocha, Senior Vice President of AskingCanadians. “Being named to the Fast 50 and Fast 500 confirms that AskingCanadians is on the right path and the growth we are seeing provides us with the opportunity to continually innovate and invest in new products and services to better meet the needs of our clients and the market research industry.”

AskingCanadians embarked on an aggressive growth strategy in 2010. Manocha joined the company the following year and by the end of 2011, AskingCanadians’ revenues had grown by 50 per cent and the team had grown from five to 20 employees. The firm, which launched the AskingAmericans brand and expanded into the United States this past spring, continues to experience tremendous growth this year. AskingCanadians now has more than 40 employees and has realized 45 per cent growth to date over 2013.

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 key criteria: competitive advantage; size, growth, and market attractiveness; management effectiveness and organization; and financial performance.

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 four distinct categories including the Technology Fast 50™ Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than five 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, Bennett Jones and OMERS Ventures. For further information, visit www.fast50.ca.

About Deloitte’s 2014 Technology Fast 500™ – Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2009 to 2013. In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.