RELEASE: Vention Announced as a Winner of Deloitte's Technology Fast 500 Program for 2022

A unique digital environment that enabled manufacturers to become automation specialists.

RELEASE: Vention Announced as a Winner of Deloitte's Technology Fast 500 Program for 2022

A unique digital environment that enabled manufacturers to become automation specialists

MONTREAL, Nov. 18, 2022 /PRNewswire/ -- Vention, the leading digital manufacturing automation platform (MAP), was recognized for the second time as part of the Deloitte Technology Fast 500 2022 awards program for its rapid revenue growth, spirit entrepreneur and bold innovation.

Celebrating its 25th anniversary, the program recognizes Canada's 500 fastest growing technology companies based on the highest percentage of revenue growth over the past four years. Vention ranks 143rd with 964% revenue growth from 2018 to 2021.

Vention is democratizing the $180+ billion industrial automation market. Since 2016, Vention has empowered high-mix manufacturers to implement industrial automation through cloud software and a modular hardware ecosystem. The self-service platform combines a suite of easy-to-use engineering software and plug-and-play automation components, enabling manufacturing professionals to design, order, and deploy automated equipment themselves directly from their web browsers, erasing the boundaries between the digital and physical worlds.

"Vention's mission to democratize industrial automation has never been more relevant. With labor shortages, wage inflation and production refocusing, manufacturers are looking for new and innovative solutions to automate their production floor," he explained. Etienne Lacroix, CEO and co-founder of Vention. "With a focus on ease of use, Vention's Manufacturing Automation Platform (MAP) has empowered all manufacturing professionals to become automation specialists."

"It is inspiring how this year's exceptional cohort of Technology Fast 50 winners have delivered outstanding revenue growth even in the face of prevailing economic and market uncertainties," said Anders McKenzie, partner and national leader of the Technology Fast 50 program. at Deloitte Canada. "Driven by exemplary innovation, creativity, resilience and adaptability, coupled 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 abroad." ".

To qualify for the Deloitte Technology Fast 500 ranking, companies must have been in business for at least four years, have revenue of at least $5 million, be based in Canada, possess proprietary technology, conduct research and development activities in Canada and invest a minimum of five per cent of gross receipts in R&D.

About the Deloitte Technology Fast 50™ program

Deloitte's Technology Fast 50 program is Canada's preeminent technology awards program. Celebrating its 25th anniversary, the program recognizes business growth, innovation and entrepreneurship in four distinct categories: Technology Fast 50, Enterprise Fast 15, Clean Technology and Companies-to-Watch ranking. The program also recognizes companies within the North American Technology Fast 500 ranking, which identifies thriving technology companies in the United States and Canada. Sponsors of the 2022 program include Deloitte, RBCx, Osler, EDC, CBRE, Vector Institute, Council of Canadian Innovators (CCI), Clarity Recruitment, Lafond and TMX. For more information, visit www.fast50.ca.

About Vention

Vention helps some of the most innovative manufacturers automate their production plants in just a few days through a democratized user experience. Vention's first online manufacturing automation platform enables customers to design, automate, order and deploy automated equipment directly from their web browsers. Vention is headquartered in Montreal, Canada, with new offices in Berlin and Boston. The 260-person company serves more than 3,000 customers on five continents and 25 manufacturing industries. For more information, visit vention.io or follow us on LinkedIn.

Media contact: Sophie Ducharme, marketing@vention.cc, 1 800 940-3617

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