FOR IMMEDIATE RELEASE
Head of Marketing
DATACRATIC NAMED ONE OF CANADA’S COMPANIES-TO-WATCH IN THE 2014 DELOITTE TECHNOLOGY FAST 50TM AWARDS
MONTREAL, QUÉBEC, November 13, 2014 – Datacratic was recognized with a Companies-to-Watch Award, as part of the Deloitte 17th annual Technology Fast 50TM Awards for its innovative technology, management expertise and early stage growth.
The Companies-to-Watch Award honours early-stage Canadian technology companies in business for less than five years. The winners are selected based on the potential they show for future growth. They exemplify many characteristics of Deloitte Technology Fast 50TM ranked companies.
Datacratic’s CEO, James Prudhomme, credits solving the enterprise data problem with machine-driven predictions and decisioning with the company's early stage success. Prudhomme said, “Datacratic’s technology processes hundreds of thousands of data points per second to make real-time predictions and decisions that drive business outcomes. Our products do in mili-seconds what would take a human many lifetimes to accomplish.”
“Companies-to-Watch are the future technology leaders of Canada and show a high potential for future growth. Often, they go on to rank in Deloitte’s Technology Fast 50TM,” said Pascal Lamoureux, Partner and Leader for Deloitte’s Fast 50TM program.
To qualify for the Companies-to-Watch Award, candidates must have been operating less than five years. They must also be headquartered in Canada and devote a significant portion of their operating revenues to creating proprietary technology and/or intellectual property.
Datacratic is an enterprise software company that has developed a machine learning and artificial-intelligence technology platform which enables real-time machine based decisioning to be deployed into a wide range of applications. The company was founded in 2010 and commercialized their first product release in 2012. Datacratic is headquartered in Montreal with offices in New York City and is privately held with backing from Real Ventures and BDC Venture Capital. For more information visit www.datacratic.com.
About the Deloitte Technology Fast 50TM
The Deloitte Technology Fast 50TM program is Canada’s pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features four distinct categories including the Technology Fast 50TM Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than five years, with the potential to be a future Deloitte Technology Fast 50TM candidate) and the Leadership Awards (companies that demonstrate technological leadership and innovation within the industry.) Program sponsors include Deloitte, Bennett Jones and OMERS Ventures. For further information, visit www.fast50.ca.