Palo Alto, CA - November 13, 2013 — Terapeak today announced that it has been named as one of Canada’s fastest growing technology companies in the Deloitte Technology Fast 50™ awards for technological innovation, entrepreneurship, rapid growth and leadership, based on the percentage of revenue growth over five years. Terapeak's increase in revenues of 191 percent from 2008 to 2012 resulted in the number 43 ranking.
Terapeak provides unique, marketplace intelligence to clients ranging from entrepreneurs to Fortune 500 companies. E-commerce merchants use Terapeak’s online analytics platform to evaluate pricing, sourcing opportunities, market trends, product behavior across regions, and their competition. Terapeak provides marketplace analytics on eBay, Amazon.com and Yahoo! Japan, and merchants can view their own sales performance across multiple channels through Terapeak’s MySales product.
Terapeak was founded in 2004, starting its operations in Canada and opening its US headquarters in Palo Alto, California in 2012, in the heart of Silicon Valley.
“Terapeak’s early understanding of how to work with Big Data is the reason why we were able to achieve 191 percent revenue growth,” said Kevin North, President & CEO of Terapeak. “As E-commerce expanded over the years, Terapeak was the trusted resource for merchants who were taking their businesses online and trying to navigate marketplaces like eBay. As a result, we have helped thousands of businesses grow and become successful by providing them with real-time information on product and competitor behavior.”
“Canadian Fast 50 companies innovate, demonstrate leadership, create jobs, and invest in R&D,” said Richard Lee, Deloitte’s National Managing Partner, Technology, Media & Telecommunications. “They are remarkable companies that show dedication, drive and commitment that are key to growth in the Canadian technology sector.”
Now in its 16th year, the Deloitte Technology Fast 50™ program recognizes leaders in the Canadian technology industry and tracks the successful growth of Canadian-grown global leaders. The program augments the broader Deloitte North American Technology Fast 500™ initiative, with winners automatically eligible for this elite ranking.
To qualify for the Deloitte Technology Fast 50™ ranking, companies must have been in business for at least five years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, and conduct research and development activities in Canada. A panel of industry experts evaluate and judge companies based on four key criteria: competitive advantage; size, growth, and market attractiveness; management effectiveness and organization; and financial performance.
Terapeak is the leading source for analyzing, understanding and predicting consumer and product behavior in e-commerce. As the first authorized analytics provider of eBay market data, and the leading aggregator of e-commerce data for eBay, Amazon, Yahoo! Japan and Magento, Terapeak is an indispensable resource for over 1.3 million online merchants. For further information, visit www.terapeak.com
About the 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 four distinct categories including the Technology Fast 50™ 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 50™ candidate,) Leadership Awards (companies that demonstrate technological leadership and innovation within the industry) and the Deloitte Technology Green 15™ Awards (Canada’s leading GreenTech companies that promote a more efficient use and re-use of the earth's resources in industrial production and consumption.) Program sponsors include Deloitte, Bennett Jones and OMERS Ventures. For further information, visit www.fast50.ca