AcuityAds Holdings Inc. (“AcuityAds” or “the Company”) (TSXV:AT), a leading provider of targeted digital media solutions enabling advertisers to connect intelligently with their audiences across online display, video, social and mobile campaigns, is pleased to announce that it has been named one of Canada’s fastest growing technology companies, ranking 8th on the 2014 Deloitte Technology Fast 50TM. AcuityAds has also been named one of the fastest growing technology companies in North America, ranking 26th on the esteemed Deloitte Technology Fast 500TM. AcuityAds’ outstanding revenue growth rate of 6,589% over the last five years (between 2009-2013) was the cornerstone of being ranked on what is considered to be Canada’s and North America’s pre-eminent technology awards programs.
“Fast 50 companies are entrepreneurial, innovative and demonstrate leadership,” said Pascal Lamoureux, Partner and Leader for Deloitte’s Fast 50TM Program. “Their commitment and achievements are critical to the growth of the Canadian technology industry.”
Now in its 17th year, the Deloitte Technology Fast 50TM program celebrates the fastest growing technology companies for technological innovation, entrepreneurship, rapid growth and leadership, based on the percentage of revenue growth over five years. The Deloitte Technology Fast 500TM list ranks the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America based on percentage growth over a five year period.
“We are excited and honored to be part of such a distinguished group of Canadian and North American technology companies built on entrepreneurial spirit, innovation and great leadership,” said Tal Hayek, CEO of AcuityAds. “We couldn’t be more pleased to be recognized for our progress and growth. This track record of exceptional growth reflects the outstanding team we have built and the impact of their passion, commitment, and talent.”
About Deloitte’s 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.
About Deloitte’s Technology Fast 500™
Technology Fast 500TM, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500TMaward winners are selected based on percentage fiscal year revenue growth from 2009 to 2013.
In order to be eligible for Technology Fast 500TM recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
About AcuityAds Holdings Inc.
AcuityAds is a technology company that has developed a programmatic marketing platform powered by proprietary machine learning technology that allows advertisers to target and connect intelligently with their audiences across online display, video, social and mobile campaigns. With operations in New York, Toronto, Los Angeles, Montreal, Boston, Chicago and Seattle, AcuityAds’ customers include both large Fortune 500 enterprises and small to mid-sized businesses. For more information, visit www.acuityads.com
For further information, please contact:
| Ali Mahdavi Investor Relations AcuityAds Holdings Inc. (416)962-3300 am@spinnakercmi.com |
Cathy Steiner Chief Financial Officer AcuityAds Holdings Inc. (416)218-9888 ext.305 |
Cautionary statement regarding forward-looking statements
Certain statements contained in this press release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking statements are provided for the purposes of assisting the reader in understanding the Company’s financial position and results of operations as at and for the periods ended on certain dates and to present information about management’s current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. Forward-looking information may relate to the Company’s future outlook and anticipated events, including the anticipated benefit of these and other awards, and may include statements regarding the financial position, business strategy, budgets, litigation, projected costs, capital expenditures, financial results, taxes and plans and objectives of or involving the Company. Particularly, statements regarding future results, performance, achievements, prospects or opportunities for the Company or the industry in which it operates are forward-looking statements. In some cases, forward-looking information can be identified by terms such as “may”, “might”, “will”, “could”, “should”, “would”, “occur”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “seek”, “aim”, “estimate”, “target”, “project”, “predict”, “forecast”, “potential”, “continue”, “likely”, “schedule”, or the negative thereof or other similar expressions concerning matters that are not historical facts.
Forward-looking statements necessarily involve known and unknown risks and uncertainties, that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors, many of which are beyond the Company’s control, affect the operations, performance and results of the Company and its business, and could cause actual results to differ materially from current expectations of estimated or anticipated events or results. These factors include, but are not limited to, non-receipt of TSXV approval and the risks discussed in the Company’s materials filed with Canadian securities regulatory authorities from time to time on www.sedar.com. The reader is cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking statements as there can be no assurance that actual results will be consistent with such forward-looking statements.
Information contained in forward-looking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including management’s perceptions of historical trends, current conditions and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances. While management considers these assumptions to be reasonable based on currently available information, they may prove to be incorrect.
The forward-looking statements made in this press release are dated, and relate only to events or information, as of the date of this press release. Except as specifically required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
