Vancouver, November 16, 2022 — Freight Club, a subsidiary of Cymax Group Technologies, received recognition as part of the 2022 Deloitte Technology Fast 50™ awards program for its rapid revenue growth, entrepreneurial spirit, and bold innovation. Additionally, Freight Club received recognition in the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America.
Celebrating its 25th anniversary, the Technology Fast 50™ program recognizes Canada’s 50 fastest-growing technology companies based on the highest revenue-growth percentage over the past four years. Freight Club ranks 32 in the 2022 Deloitte Technology Fast 50™ awards program.
Deloitte’s Technology Fast 50 program winners consist of public and private companies in the technology sector that are transforming the industry. The program runs alongside the broader Deloitte North American Technology Fast 500™, with winners automatically eligible for this elite ranking.
“The team at Freight Club has embraced a genuine commitment to customer experience. Every decision we make, whether product, service or relating to our shipping partners, we are looking through this lens”, said Chris Randall, SVP of Freight Club. “Being recognized by Deloitte as a member of the North American Fast 500 and Canadian Fast 50 is a badge of honor for the team and a great acknowledgement of not just the growth they have achieved, but the amazing culture they have built.”
Cymax Group Technologies' CEO Rizwan Somji, credits their dedicated team for the company's phenomenal growth. Somji said, “I am thrilled, but not surprised, that Freight Club has won. Our teams have shown tremendous determination and commitment as we double-down on our continuous focus on vendor and customer experience, and world-class technology and solutions.”
“It’s inspiring how this year’s exceptional cohort of Technology Fast 50 winners have delivered outstanding revenue growth even in the face of prevailing uncertainties in the economy and marketplace,” commented Anders McKenzie, partner and national leader for the Technology Fast 50 program at Deloitte Canada. “Fueled by exemplary innovation, creativity, resilience, adaptability, along 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 beyond.”
To qualify for the Deloitte Technology Fast 50 ranking, companies must have been in business for at least four years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, conduct research, and development activities in Canada and invest a minimum of five percent of gross revenues in R&D.
About the Deloitte Technology Fast 50™ program
The Deloitte Technology Fast 50 program is Canada’s pre-eminent technology awards program. Celebrating its 25th anniversary, the program recognizes business growth, innovation, and entrepreneurship in four distinct categories: Technology Fast 50 ranking, Enterprise Fast 15, Clean Technology, and Companies-to-Watch. The program also recognizes companies within the North American Technology Fast 500 ranking, identifying thriving technology companies in the United States and Canada. The 2022 program sponsors include Deloitte, RBCx, Osler, EDC, CBRE, Vector Institute, Council of Canadian Innovators (CCI), Clarity Recruitment, Lafond, and TMX. For further information, visit www.fast50.ca.
About the 2022 Deloitte Technology Fast 500™
Now in its 28th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2018 to 2021.
About Freight Club
As an all-in-one service, Freight Club helps small to medium businesses by providing access to enterprise rates and full visibility of their freight data, allowing them to carry out shipping with confidence and ease. Users also benefit from the platform's broad network of shipping providers, which includes pre-vetted carriers in LTL, parcel and specialty delivery services across the United States. www.freightclub.com
About Cymax Group Technologies
Cymax Group Technologies is a leading eCommerce technology and services platform for furniture vendors and retailers that enables seamless activation for scale from design to delivery. Through boutique marketplaces, Homesquare and Cymax Business, Cymax offers exclusive access to new markets and consumers; Channel Gate delivers integrated tech and services across leading marketplaces, and Freight Club, an end-to-end freight shipping platform, provides retailers access to an expanded carrier network and enterprise rates through its logistics tech platform. www.cymaxgroup.com