Tribe Property Technologies Inc. (TSX-V:TRBE) said it has made it onto the rankings of the 2023 Deloitte Technology Fast 50 and the 2023 Deloitte Technology Fast 500 award programs in recognition of its rapid revenue growth.
The property technology company noted that the Deloitte Technology Fast 50, now in its 26th year, recognizes Canada's 50 fastest-growing technology companies based on the highest revenue-growth percentage over the past four years.
In Canada, Tribe ranked 45th, with revenue growth of 361% from 2019 to 2022.
The company was also ranked on the Deloitte North America Technology Fast 500, joining a list of top-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America.
"We are honored to be recognized once again as one of Canada's fastest-growing companies, a testament to Tribe's mission of providing the most comprehensive platform and services for all of the stakeholders within the multi-family living space – including real estate developers, owners, tenants, boards, investors, and service providers," Tribe CEO Joseph Nakhla said in a statement.
"Our commitment to modernizing the property management industry with tech-backed solutions is at the heart of our success to date and I'd like to thank our team for their remarkable dedication and expertise in helping us achieve our goals.”
Tribe noted that the Deloitte Technology Fast 50 program winners consist of public and private companies in the technology sector that are transforming the industry. The program runs alongside the broader Deloitte North American Technology Fast 500, with winners automatically eligible for this elite ranking.
"It's inspiring how this year's exceptional cohort of the Technology Fast 50 winners have delivered outstanding revenue growth even in the face of prevailing uncertainties in the economy and marketplace," commented Anders McKenzie, partner and national leader for the Technology Fast 50 program at Deloitte Canada.
"Fueled by exemplary innovation, creativity, resilience, adaptability, along with superior business leadership, these companies are paving the way as catalysts in their respective sectors and delivering growth and value to the Canadian economy both at home and beyond."
Tribe Property Technologies is a property technology company that digitizes the traditional property management industry. Tribe's three revenue pillars are made up of software and service, transactional and digital services and partnerships revenue.
The company seeks to acquire highly accretive targets in the fragmented North American property management industry and transform these businesses through streamlining and digitization of operations.
Contact the author at stephen.gunnion@proactiveinvestors.com