WATERLOO, Ontario, Sep 12, 2019 /PRNewswire-PRWeb/ -- Canadian Business and Maclean's today ranked Auvik Networks No. 25 on the 2019 Startup 50 ranking of Canada's Top New Growth Companies.
Serving as a companion list to the longstanding Growth 500 ranking of Canada's Fastest-Growing Companies and produced by Canada's premier business and current affairs media brands, the Startup 50 ranks younger companies on two-year revenue growth. Startup 50 winners are profiled in a special print issue of Canadian Business published with Maclean's magazine and online at CanadianBusiness.com.
Auvik Networks made the 2019 Startup 50 list with two-year revenue growth of 638%.
"The 2019 Startup 50 winners suggest the future of Canadian entrepreneurship is extremely bright. They have brought new offerings to market, created indelible brands and disrupted established business models—all in an extremely short period of time," says Beth Fraser, Startup 50 and Growth 500 program manager. "Any aspiring entrepreneur should look to their stories for inspiration."
"Auvik's growth in the last two years really shows us the depth of market demand for simple yet powerful network management software," said Auvik CEO Marc Morin. "What's even better is that there's still a huge opportunity—and we're just getting started."
Auvik make cloud-based software that simplifies and automates network monitoring and management for IT managed service providers. Headquartered in Waterloo, Ontario, the company also has offices in Ottawa, Barcelona, Sydney, and the UK.
About the Startup 50
Ranking Canada's Top New Growth Companies by two-year revenue growth, the Startup 50 profiles the fastest-growing startups in the country. It is a companion list to the Growth 500 ranking of Canada's Fastest-Growing Companies, which has, for over 30 years, been Canada's most respected and influential ranking of entrepreneurial achievement. Both the Startup 50 and Growth 500 are published in a special issue of Canadian Business published with Maclean's magazine and at CanadianBusiness.com. For more information on the ranking visit Growth500.ca or CanadianBusiness.com.
