A single digital environment that enabled manufacturers to become automation specialists
MONTREAL, November 17, 2022 /PRNewswire/ – Vention, the leading digital manufacturing automation (MAP) platform, has been recognized for the second time in the 2022 Deloitte Technology Fast 500 Awards program for its rapid revenue growth, entrepreneurial spirit and bold innovation.
The program is celebrating and recognizing its 25th anniversary canada 500 fastest growing technology companies based on highest percentage revenue growth over the past four years. Vent Ranks 143 with revenue growth of 964% from 2018 to 2021.
Vention is democratizing the $180+ billion industrial automation market. Since 2016, Vention has been empowering high-mix manufacturers to implement industrial automation through cloud software and a modular hardware ecosystem. The self-service platform combines a suite of easy-to-use engineering software and plug-and-play automation components that enable manufacturing professionals to design, order, and deploy automated equipment themselves directly from their web browsers, breaking down the boundaries between the digital and physical worlds.
“Vention’s mission to democratize industrial automation has never been more relevant. Faced with labor shortages, wage inflation and relocation of production, manufacturers are looking for new, innovative solutions to automate their factory floors,” said Etienne Lacroix, CEO and co-founder of Vention. “With a focus on ease of use, Vention’s Factory Automation Platform (MAP) has empowered all manufacturing professionals to become automation specialists.”
“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 economic and market uncertainties,” he commented Anders McKenzie, Partner and National Lead of the Technology Fast 50 program at Deloitte Canada. “Driven by exemplary innovation, creativity, resilience, adaptability and superior corporate governance, these companies are paving the way as catalysts in their respective sectors, delivering growth and value to Canada’s economy both domestically and internationally.”
To qualify for the Deloitte Technology Fast 500 ranking, companies must have been in business for at least four years and have at least 5 million dollarshave its headquarters Canadaown proprietary technology, conduct research and development activities in Canada and invest at least five percent of gross sales in research and development.
About the Deloitte Technology Fast 50™ program
The Deloitte Technology Fast 50 program is canada outstanding technology award program. The program celebrates its 25th anniversary and 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 in the North American Technology Fast 500 ranking and identifies thriving technology companies within them The United States and Canada. Sponsors of the 2022 program include Deloitte, RBCx, Oesler, EDC, CBRE, Vector Institute, Council of Canadian Innovators (CCI), Clarity Recruitment, Lafond and TMX. For more information, visit www.fast50.ca.
Vention helps some of the most innovative manufacturers to automate their production facilities in just days through a democratized user experience. Vention’s online-first factory automation platform enables customers to design, automate, order and deploy automated equipment directly from their web browsers. Vention is headquartered in Montreal Canadawith new offices in Berlin and Boston. The company with 260 employees serves more than 3,000 customers on five continents and in 25 manufacturing industries. To learn more, visit convention.io or follow us on LinkedIn.