Achievements emphasize Smile Digital Health’s rapid development, innovative technology and revenue growth
TORONTO, ON – November 17, 2022 - Smile Digital Health, a leading health data exchange and innovation company, today announced that it has been named to the 2022 Deloitte Technology Fast 50™ and North America Technology Fast 500™, recognizing it as one of the world's fastest growing technology companies. The Deloitte Technology Fast 50™ specifically recognizes Canada’s 50 fastest-growing technology companies based on the revenue-growth percentage over the last four years of operation. The Deloitte North America Technology Fast 500™ similarly recognizes the fastest-growing technology, media, telecommunications, life sciences, fintech and energy tech companies in North America.
“We believe open standards will drive successful innovation and the digital transformation of healthcare and this recognition is a testament to that belief and our goal of better global health,” said Duncan Weatherston, Chief Executive Officer, Smile Digital Health. “This achievement can be credited to the talented employees who drive our growth and success on a daily basis by demonstrating the value we bring not only to our customers but to overall healthcare innovation.”
Deloitte Technology Fast 50™ and Fast 500™ companies are driving growth of Canadian and North American business. Last year, Smile was named as one of Canada’s Companies-to-Watch in the Deloitte Technology Fast 50™ program. This is the first year Smile has been ranked in the Deloitte Technology Fast 50™ and the North America Technology Fast 500™ programs, where Smile Digital Health ranked 19th and 110th, respectively.
“It’s inspiring how this year’s exceptional cohort of Technology Fast 50 winners have delivered outstanding revenue growth even in the face of prevailing uncertainties in the economy and marketplace,” commented Anders McKenzie, partner and national leader for the Technology Fast 50 program at Deloitte Canada. “Fueled by exemplary innovation, creativity, resilience, adaptability, along with superior business leadership, these companies are paving the way as catalysts in their respective sectors and delivering growth and value to the Canadian economy both at home and beyond.”
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 percent of gross revenues in R&D. Eligibility in the Fast 500 category requires applicants to meet the same criteria as for Technology Fast 50 nominees except that the revenue is measured in USD. To be qualified, candidates must devote a significant portion of their operating revenues to creating proprietary technology or intellectual property.
“This year’s Technology Fast 500 list is a true reflection of some of today’s most determined and inspiring pioneers who have prospered by anticipating what’s next, understanding what’s needed to succeed and driving creativity forward,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s audit and assurance practice. “Representing all facets of technology, the winners have shown they not only have the vision but can also expertly manage their companies through rapid growth. We congratulate each winner on their impressive achievements.”
About the Deloitte Technology Fast 50™ Program
The Deloitte Technology Fast 50 program is Canada’s pre-eminent technology awards program. Celebrating its 25th anniversary, the program recognizes business growth, innovation, and entrepreneurship in four distinct categories: Technology Fast 50 ranking, Enterprise Fast 15, Clean Technology, and Companies-to-Watch. The program also recognizes companies within the North American Technology Fast 500 ranking, identifying thriving technology companies in the United States and Canada. The 2022 program sponsors include Deloitte, RBCx, Osler, EDC, CBRE, Vector Institute, Council of Canadian Innovators (CCI), Clarity Recruitment, Lafond, and TMX. For further information, visit www.fast50.ca.
About the 2022 Deloitte Technology Fast 500™
Now in its 28th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2018 to 202. For further information visit www.fast500.com.
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