Top 12 Largest Tech Companies in Canada
In this post, let's examine some of the largest tech companies in Canada, ranked by market capitalization. Go directly to other related articles on Toplist if ... read more...you want to see more of the largest tech companies in other regions ranked by market capitalization.
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Ottawa, Ontario, is the home of Shopify Inc., a Canadian international e-commerce firm. Its e-commerce platform for online retailers and POS terminals is called Shopify. The Shopify platform provides e-commerce businesses with a variety of services, such as payment processing, marketing, shipping, and customer support.
As of December 2021, the company claimed that its platform was being used by over 2,000,000 enterprises from over 175 different countries. BuiltWith estimates that by the year 2021, 1.58 million websites will be using the Shopify platform. W3Techs reports that 4.4% of the top 10 million websites are built on the Shopify platform. For the year 2022, the total gross merchandise volume was more than $US197 billion. Shopify's market cap places it in the top 20 of Canada's largest publicly traded firms as of July 2022.Founded: 2006
Headquarters: Ottawa, Ontario, Canada
Website: https://www.shopify.com/ -
Canadian-based Constellation Applications develops a wide variety of applications. It has its headquarters in Toronto, Canada, is traded on the Toronto Stock Exchange, and makes up a portion of the S&P/TSX 60 index. Mark Leonard, a former venture entrepreneur, established the firm in 1996.It has had 25,000 employees across six different business segments since going public in 2006.
The company's objective is to buy up software development shops and keep them in the family for the foreseeable future. Since its inception, the company has purchased approximately 500 other firms.The emphasis here is on "vertical market" (or industry-specific) software developers, as opposed to "horizontal" (or cross-industry) software developers. It has hinted that it may pursue larger purchases in the future, but for the most part, its acquisitions are minor (for less than $5 million). In January 2018, for instance, Constellation paid $250 million to buy Acceo Solutions, making it the company's second-largest purchase to date.Founded: 1995
Headquarters: Toronto, Ontario, Canada
Website: https://www.csisoftware.com/ -
OpenText Corporation, sometimes known as OpenText, is a software development and distribution firm based in Canada. The firm specializes in enterprise information management (EIM) solutions. OpenText, with headquarters in Waterloo, Ontario, Canada, is one of Canada's top 100 employers in 2016, according to Mediacorp Canada Inc., and will be the country's fourth-largest software firm by 2022.
Large corporations, government agencies, and professional service providers all use OpenText apps to manage content or unstructured data. OpenText's products are designed to help with various aspects of information management, such as handling enormous amounts of content, staying in line with regulations, and overseeing the user's mobile and online experiences. OpenText is a publicly traded corporation that is traded on the NASDAQ (OTEX) and the Toronto Stock Exchange (OTEX), employing more than 16,000 people across the globe.Founded: 1991
Headquarters: Waterloo, Ontario, Canada
Website: https://www.opentext.com -
Descartes, short for Descartes Systems Group Inc., is a Canadian multinational technology firm that focuses on providing logistics software, supply chain management software, and cloud-based services to the logistics industry.
Descartes nearly went bankrupt after the dot-com boom burst but experienced a remarkable rebound in the middle of the 2000s. It was also one of the first logistics technology businesses to distribute its software online in the form of a subscription service called software as a service (SaaS). Freight firms, manufacturers, distributors, retailers, customs brokers, government agencies, and others can all communicate with one another and share logistics and customs data through the company's Global Logistics Network.
Descartes is a publicly traded corporation with headquarters in Waterloo, Ontario, Canada, and stock listings on both the NASDAQ Stock Market (NASDAQ: DSGX) and the Toronto Stock Exchange (TSX: DSG). It operates out of the Asia-Pacific area as well as the Americas, Europe, the Middle East, and Africa.Founded: May 22, 1981
Headquarters: Waterloo, Ontario, Canada
Website: https://www.descartes.com/ -
Nuvei is a Montreal-based international payments technology firm. Nuvei enables companies to accept over 570 different payment methods by providing card issuing, banking, risk management, and fraud management services. In September of 2020, the firm completed a $700 million IPO on the Toronto Stock Exchange. The Canadian initial public offering was the largest IPO ever for a technology business in Canada. Nuvei's IPO on the Nasdaq raised $424.8 million and was successfully completed in October 2021.
Philip Fayer founded Nuvei in 2003 under the name Pivotal Payments.While on a break from his studies at Concordia University, Fayer established the corporation. The firm provided merchant services, including electronic payment processing, for brick-and-mortar and virtual stores.Since its inception, Nuvei has grown tremendously through a combination of organic expansion and strategic mergers and acquisitions.
The company's acquisition strategy was aided by a CA$60 million investment from Goldman Sachs in 2006. This investment allowed the company to complete a number of acquisitions by 2010. At this point in time, the company's annual sales were CA$150 million, and it employed around 300 people across Canada and the United States.Founded: 2003
Headquarters: Montreal, Quebec, Canada
Website: https://nuvei.com/ -
With clients in a small group of public and private sector sectors, Topicus.com is a major pan-European provider of vertical market software and vertical market platforms. We develop, acquire, and manage vertically focused software companies that deliver mission-critical, high-impact software solutions to meet the unique requirements of their target markets.
Topicus and TSS leverage each other's shared vision, expertise, and capabilities to bolster our long-term offering. While sharing a strong culture of entrepreneurship, proven craftsmanship, laser-like focus, and innovative strength, each maintains its own distinct character. They have around 8,000 workers at their headquarters in Deventer, the Netherlands, and at their several European sites. Our three divisions (TSS Blue, TSS Public, and Topicus) serve customers in more than 40 distinct industries.Founded: 1995
Headquarters: Toronto, Canada
Website: https://topicus.com/ -
The Canadian IT firm TELUS International offers IT services and multilingual customer support to customers throughout the world. Companies from the telecommunications, media, banking, credit card, eCommerce, healthcare, hospitality, automotive, and travel sectors are among the clientele.
TELUS International went public on the Toronto Stock Exchange and the New York Stock Exchange on February 3, 2021, trading under the ticker symbol "TIXT." TELUS, the parent corporation, has supported TELUS International's expansion and maintains ownership of the company. Services provided by TELUS International include data annotation and intelligent automation in addition to digital strategy, innovation, consultancy, and design, digital transformation, and IT lifecycle services.TELUS expanded its capacity to serve its North American clientele by investing in the Philippine business process outsourcing (BPO) firm Ambergris Solutions in 2005.In 2007, what was then known as Ambergris Solutions became TELUS International.
Founded: 2005
Headquarters: Vancouver, Canada
Website: https://www.telusinternational.com/ -
The Kanata neighborhood of Ottawa, Ontario, is home to Kinaxis, a software business specializing in supply chain management, sales, and operation planning. It's a part of the S&P/TSX Composite Index and trades on the Toronto Stock Exchange. Cadence Computer Corporation, founded in 1984 by Duncan Klett and two others, went public in June 2014. It's staffed by 500 people.
Kinaxis' primary clientele is major international corporations in need of supply-chain management software on a subscription basis. They count Ford, Cisco, Qualcomm, and Avaya among our satisfied clients. In addition, they provide their clients with a range of professional services in a connected field. The average length of a contract is between two and five years. RapidResponse is their flagship offering.In 2017, subscriptions accounted for roughly 77% of revenue, with professional services accounting for the rest. In addition to selling its own software, Kinaxis licenses its platform to other businesses in exchange for a cut of the subscription fees. In South Korea, Kinaxis has two data centers. About 5% of the $4 billion supply chain planning software market is made up of its 100 or so customers.
As of the end of 2016, the United States accounted for 85% of revenue, Canada for 4%, Asia for 8%, and Europe for the remaining 5%. SAP SE and JDA Software are two competitors in the market for supply chain management software. In 2017, the company saw a decline of 3% in revenue after a big Asian client ceased making payments.
Founded: 1984
Headquarters: 3199 Palladium Drive, Ottawa, Ontario, K2T 0N9
Website: https://www.kinaxis.com -
Docebo is a SaaS (software as a service) firm that focuses on LMSs. In 2005, Docebo came into being. Docebo's Learn LMS, Docebo, is compatible with SCORM 1.2 and SCORM 2004, as well as Tin Can. The application is a cloud-hosted SaaS platform that is interoperable with external systems. The current operating system is 7.5. There are over 40 language options for DoceboLMS.
A combination of machine learning, deep learning, and natural language processing powers Docebo's learning-specific artificial intelligence algorithms, which were released in October 2018 for the learning platform. The result is an automated and holistic approach to learning (formal LMS, experiential, and social) that propels business development, performance, and revenue.
Claudio Erba, who had worked as an IT consultant at the University of Florence, launched Docebo in 2005 after creating the storage solution that would eventually become the company's flagship product. The Italian venture capital firm Principia SGR provided Docebo with its initial funding in 2012. Docebo established a presence in the Peach State later that year.Founded: 2005
Headquarters: Toronto, Ontario, Canada
Website: https://www.docebo.com/ -
The Canadian software firm BlackBerry Limited focuses on security. Having started out as RIM (Research in Motion) in 1984, the company has since changed its name. Previously known as Research in Motion, it is responsible for creating the BlackBerry line of touchscreen mobile devices. Under CEO John S. Chen's leadership, the company refocused on providing cybersecurity software and services to large organizations.
Businesses, automakers, and government organizations all utilize its wares to shield themselves from cybercriminals and ransomware. BlackBerry AtHoc, the BlackBerry Enterprise Server (BlackBerry Unified Endpoint Manager), and the QNX real-time operating system are all examples. BlackBerry Cylance provides cyber-security solutions based on artificial intelligence.
BlackBerry was established in 1984 by Mike Lazaridis and Douglas Fregin under the name Research in Motion. John S. Chen has served as CEO since November 2013. Since then, he has concentrated Blackberry's transformational approach on software solutions and cyber security.Founded: March 7, 1984
Headquarters: Waterloo, Ontario, Canada
Website: https://www.blackberry.com/us/en -
Lightspeed Commerce is a Montreal, Quebec, Canada-based developer of POS and e-commerce software. Dax da Silva started the company in 2005 and led it as CEO until February 2, 2022. Montreal, New York, Ottawa, Toronto, London, Belfast, Amsterdam, Berlin, Geneva, Ghent, and Melbourne are just a few of the places where it has a presence. It caters to the needs of the retail, dining, and lodging industries.
In 2005, Dax da Silva established Lightspeed as a Montreal-based provider of point-of-sale (POS) and e-commerce software for the retail industry. The hospitality industry became one of its target markets in 2014. Locations in Montreal, New York, Ottawa, Toronto, London, Belfast, Amsterdam, Berlin, Geneva, Ghent, and Melbourne are all home to branches of the company. Investors iNovia Capital and Accel Partners have put money into the business. Lightspeed was placed #24 on Profit's "Canada's 200 Fastest Growing Companies" list in 2011 and #61 in 2012.Founded: 2005
Headquarters: Montreal, Quebec, Canada
Website: https://www.lightspeedhq.com/ -
With an emphasis on remote work, visual computing, and communications for the next generation of software-defined networks, Enghouse is a publicly traded company situated in Canada (TSX:ENGH). Shares of Enghouse are listed under the ticker code "ENGH" on the Toronto Stock Exchange (TSX). The company has been expanding through both organic means and strategic acquisitions, paying for both using cash generated from operations thus far. The firm is well-funded, has low levels of long-term debt, and operates in two distinct divisions.
Asset Management Group (which includes Enghouse Networks and Enghouse Transportation & Public Safety) Interactive Management Group (which includes Enghouse Interactive and Enghouse Vidyo) There are two pillars upon which customer interactions are built:
Flexibility: letting consumers pick from a variety of cloud deployment models (on-premise, hosted, managed services, and white label) and cloud providers (private cloud or public cloud). Sustainability in business operations is achieved by providing clients with highly reliable, mission-critical solutions.Founded: 1984
Headquarters: Canada
Website: https://www.enghouse.com