Progress magazine has ranked STI Technologies Limited No. 5 on its 2014 Fastest Growing Companies list. Now in its 15th year, the list is a highly anticipated ranking of Atlantic Canadian companies that have reported the most significant increase in revenues over the past three years. These companies are setting the pace for the new economy, not just regionally but also nationally.
In 2011 STI Technologies Limited was ranked No. 24 of all companies, with a 37% three-year growth rate. Last year it was No. 7 of companies with less than $25 million revenue, with an 83% growth rate. In 2013 the company was again No. 7, with an impressive 113% growth rate.
“I give the credit for our continued growth to our people,” said incoming CEO Tim Gillis, the former CFO and VP operations. “In 2014 we made several new hires, including at the senior level, which allowed us to deepen our relationships with our clients so they could better see our overall level of sophistication and capabilities. To maintain a growth trajectory in the future, we plan on continued technology and marketing investment, all the time spreading the word about STI and how our programs lead to healthier Canadians.”
STI Technologies Limited connects physicians, patients, pharmacy and pharmaceutical companies with a variety of intelligent reimbursement and data programs that ultimately improve patient outcomes. The Halifax-based company facilitates valuable interactions between each of these four distinct groups, using an advanced patient-centric technology platform to power all of its solutions. Visit smartsti.com to learn more.
The Fastest Growing Companies come from a wide array of sectors. The ones reporting the most rapid growth are in innovation, IT, aerospace and defence, ocean technology and hospitality. “Even companies that are experiencing 40% growth are showing us that a spike in sales in possible, even in challenging markets,” says Progress publisher Neville Gilfoy.