OBJ Logo September 14, 2017
Nearly 20 Ottawa companies landed on the 2017 Profit 500 list, an annual ranking of the country’s fastest-growing companies, with Martello Technologies leading the local pack at number 48.

Rankings are determined by an analysis of five-year revenue growth. Martello, a Kanata-based tech firm with 25 employees, raised revenues by 1,552 per cent over the past five years. Ottawa Business Journal named Martello its fastest-growing company in 2015.

“Joining the Startup 50 (an accompanying list of new companies ranked by two-year revenue growth) last year put us on the map of top new Canadian growth companies and today, we’re thrilled to be recognized as part of the Profit 500 alongside other innovative, fast growing businesses across Canada,” said CEO Bruce Linton in a statement.

 Ottawa-based NetFore Systems was the Capital’s second entry at number 94. The company, which designs custom software solutions, increased revenues by 756 per cent over the past five years.

Ottawa’s next entry on the list is also no stranger to OBJ’s fastest-growing companies. Napkyn, an analytics and consulting firm twice named to OBJ’s list, came in at number 102 on the Profit 500 with 712 per cent revenue growth.

One of this year’s fastest growing companies, seoplus+, landed on the Startup 50. The digital marketing firm was number 36 on the list after growing revenues by 412 per cent.

Strangely enough, 18 Ottawa companies made the list last year as well, with You.i TV taking the top spot locally.

Ottawa-based firms on the 2017 Profit 500

#48 – Martello Technologies – 1552 per cent revenue growth

#94 – NetFore Systems- 756 per cent revenue growth

#102 – Napkyn Analytics – 712 per cent revenue growth

#159 – BBG Management- 430 per cent revenue growth

#161 – Iceberg Networks – 427 per cent revenue growth

#186 – Ontario Rental and Supply – 347 per cent revenue growth

#191 – Aqua Drain Sewer Services – 341 per cent revenue growth

#207 – Pythian – 315 per cent revenue growth

#239 – Avaleris – 252 per cent revenue growth

#252 – Mishkumi Technologies – 239 per cent revenue growth

#255 – PrecisionIT – 238 per cent revenue growth

#264 – The KTL Group – 229 per cent revenue growth

#285 – D-Squared Construction Group – 208 per cent revenue growth

#342 – Orangutech – 163 per cent revenue growth

#361 – MaxSys Staffing & Consulting – 146 per cent revenue growth

#396 – PrecisionERP – 122 per cent revenue growth

#423 – RBR – 106 per cent revenue growth

#489 – Iron Horse Security & Investigations – 81 per cent revenue growth

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