Volanté Systems Ranked Number 148 Fastest Growing Company in North America on Deloitte’s 2018 Technology Fast 500™ and Number 31 in Canada on Deloitte’s 2018 Technology Fast 50™
Volanté Systems Attributes 704 Percent Revenue Growth to widespread adoption of its Cloud-based Point of Sale platform by Enterprise hospitality and restaurant industry clients.
Toronto, November 15, 2018 — Volanté Systems today announced it ranked 148 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Additionally, the company achieved a ranking of 31 in Canada on Deloitte’s Technology Fast 50™ program which distinguishes 50 Canadian technology companies with the highest revenue-growth percentage over the past four years. Volanté Systems grew 704 percent in revenue from 2014 to 2017.
Volanté Systems’ Chief Executive Officer, Joseph Lee, credits the company’s 704% revenue growth to its innovative product line, in addition to a growing demand for Self-Service Kiosk and Mobile POS solutions. By placing security and centralized multi-unit control at the forefront of the Volanté product offering, great value is brought not only to Enterprise customers, but to multi-unit chains of all sizes. Lee said, “I’m proud of the team’s passion for excellence and drive to innovate and develop a world class product that our customers are extremely happy with. This accomplishment reflects the strong product line and most importantly the hard work and dedication of the team – this achievement goes out to them.”
“Congratulations to the Deloitte 2018 Technology Fast 500 winners on this impressive achievement,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “These companies are innovators who have converted their disruptive ideas into products, services and experiences that can captivate new customers and drive remarkable growth.”
“Software, which accounts for nearly two of every three companies on the list, continues to produce some of the most exciting technologies of the 21st century, including innovations in artificial intelligence, predictive analytics and robotics,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and Industry Leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “This year’s ranking demonstrates what is likely a national phenomenon, where many companies from all parts of North America are transforming the way we do business by combining breakthrough research and development, entrepreneurship and rapid growth.”
Follow on Social Media:
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 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, 3C Innovation, BCF Business Law, Bank of Montreal, Bennett Jones, CBRE, First West Capital and OMERS Ventures. For further information, visit www.fast50.ca.
About Deloitte’s 2018 Technology Fast 500™
Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences 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 2014 to 2017.
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, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
About Volanté Systems
Volanté Systems creates cutting edge hospitality and restaurant point-of-sale software solutions. Developed entirely in Java, Volanté’s POS software is cross platform compatible working with Linux or Windows. This versatile architecture supports its robust security features, superior stability, simple-to-use interface, speed of service, and detailed reporting.