VitalHub Corp. (the “Company” or “VitalHub”) (TSX:
VHI) is pleased to announce the Company has ranked 20
among Canada’s fastest growing technology companies with the
highest revenue-growth percentage over the past four years on the
2021 Deloitte Technology Fast 50™. VitalHub earned 1,103% in
revenue growth from 2017 to 2020. Vitalhub is also presented with
the program award for its rapid revenue growth, entrepreneurial
spirit and bold innovation with the 2021 Deloitte Technology Fast
500™, a ranking of the 500 fastest-growing technology, media,
telecommunications, life sciences, fintech, and energy tech
companies in North America, now in its 27th year. The VitalHub
healthcare technology company grew 1,064% during this period.
The Deloitte Technology Fast 50 program winners consist of
public and private companies in the technology sector, which have
transformed the industry. Now in its 24th year, the program runs
alongside the broader Deloitte North American Technology Fast 500™,
with winners automatically eligible for this elite ranking.
VitalHub’s president and chief executive officer, Dan Matlow,
credits the Company’s growth with its ability to meet the
transformative digital needs of healthcare providers around the
world. Matlow said, “We appreciate the growing recognition of
VitalHub as a leader in healthcare technology, both nationally and
abroad. Being once again included on this list of the 500
fastest-growing companies in North America and to be included among
an impressive list of Canadian companies on the Fast 50 is very
affirming. We would like to acknowledge and thank our customers,
our employees, and our investors — for their dedication and
continued support as we work together to achieve this. We are
excited to see that our strategy has produced positive results and
we look forward to continuing to execute on our plan of being a
global mission critical solutions leader for the health and human
services sectors.”
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.
“As we rise above another year of uncertainty, we are
exceptionally proud to announce this year’s Fast 50 winners,”
stated Anders McKenzie, partner and national leader for the
Technology Fast 50 program at Deloitte Canada. “These innovative
trailblazers have demonstrated resilience, true commitment to
innovation, adaptability, and business leadership as we cope with
an ever-changing new normal. The Fast 50 companies act as
catalysts, driving growth of Canadian business.”
“Each year the Technology Fast 500 shines a light on leading
innovators in technology and this year is no exception,” said Paul
Silverglate, vice chair, Deloitte LLP and U.S. technology sector
leader. “In the face of innumerable challenges resulting from the
pandemic, the best and brightest were able to pivot, reinvent and
transform and grow. We celebrate the winning organizations and
especially the talented employees driving their success.”“The
pandemic has underscored the urgent need for tech solutions in a
variety of areas across health care, fintech, energy tech,
entertainment, to name a few, so reliance on innovators like the
winners of the Technology Fast 500 is more important than ever,”
said Christie Simons, partner, Deloitte & Touche LLP and
industry leader for technology, media and telecommunications within
Deloitte’s audit & assurance practice. “These companies are not
only at the cutting edge, transforming the way we do business, but
most importantly, recognize the strategic importance of ongoing
innovation, especially in the ever-changing world of
technology.”
ABOUT 2021 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 distinct categories,
including the Technology Fast 50 ranking, Enterprise Fast 15, and
Companies-to-Watch. The program also recognizes companies within
the North American Technology Fast 500 ranking, identifying
technology companies in the United States and Canada. The 2020
program sponsors include Deloitte, RBC, CBRE, Clarity Recruitment,
and Lafond. For further information, visit www.fast50.ca.
ABOUT THE 2021 DELOITTE TECHNOLOGY FAST 500™Now
in its 27th 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 2017 to 2020.
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 US$50,000, and current-year
operating revenues of at least US$5 million. Additionally,
companies must be in business for a minimum of four years and be
headquartered within North America.
ABOUT DELOITTEDeloitte refers to one or more of
Deloitte Touche Tohmatsu Limited, a UK private company limited by
guarantee (“DTTL”), its network of member firms, and their related
entities. DTTL and each of its member firms are legally separate
and independent entities. DTTL (also referred to as “Deloitte
Global”) does not provide services to clients. In the United
States, Deloitte refers to one or more of the US member firms of
DTTL, their related entities that operate using the “Deloitte” name
in the United States and their respective affiliates. Certain
services may not be available to attest clients under the rules and
regulations of public accounting. Please see
www.deloitte.com/about to learn more about our global network
of member firms.
ABOUT VITALHUBSoftware for Health and Human
Services providers designed to simplify the user experience &
optimize outcomes.
VitalHub provides technology to Health and Human Services
providers including; Hospitals, Regional Health Authorities, Mental
Health, Long Term Care, Home Health, Community and Social Services.
VitalHub solutions span the categories of Electronic Health Record
(EHR), Case Management, Care Coordination, Patient Flow &
Operational Visibility, and DOCit Mobile Apps.
The Company has a robust two-pronged growth strategy, targeting
organic growth opportunities within its product suite, and pursuing
an aggressive M&A plan. Currently, VitalHub serves 400 clients
across Canada, USA, UK, Australia, Qatar, and Latvia. VitalHub is
based in Toronto, Canada, with an offshore development hub in Sri
Lanka. The Company is publicly traded on the TSX under the symbol
“VHI”.
CAUTIONARY STATEMENTThis press release includes
forward-looking statements regarding the Corporation and its
business, which may include, but is not limited to, statements with
respect to the appointment of a new directors. Often, but not
always, forward-looking statements can be identified by the use of
words such as "plans", "is expected", "expects", "scheduled",
"intends", "contemplates", "anticipates", "believes", "proposes" or
variations (including negative variations) of such words and
phrases, or state that certain actions, events or results "may",
"could", "would", "might" or "will" be taken, occur or be achieved.
Such statements are based on the current expectations of the
management of each entity and are based on assumptions and subject
to risks and uncertainties. Although the management of each entity
believes that the assumptions underlying these statements are
reasonable, they may prove to be incorrect. The forward-looking
events and circumstances discussed in this release, may not occur
by certain specified dates or at all and could differ materially as
a result of known and unknown risk factors and uncertainties
affecting the companies, including risks regarding the technology
industry, failure to obtain regulatory or shareholder approvals,
market conditions, economic factors, the equity markets generally
and risks associated with growth and competition. Although the
Corporation has attempted to identify important factors that could
cause actual actions, events or results to differ materially from
those described in forward-looking statements, there may be other
factors that cause actions, events or results to differ from those
anticipated, estimated or intended. No forward-looking statement
can be guaranteed. Except as required by applicable securities
laws, forward-looking statements speak only as of the date on which
they are made and the Corporation undertakes no obligation to
publicly update or revise any forward-looking statement, whether as
a result of new information, future events, or otherwise.
CONTACT INFORMATION:Dan MatlowChief Executive
Officer, Director(416) 727-9061dan.matlow@vitalhub.com
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