WATERLOO, ON, September 20, 2018 — Canadian Business and Maclean’s ranked TextNow on the 30th annual Growth 500, the definitive ranking of Canada’s Fastest-Growing Companies. Produced by Canada’s premier business and current affairs media brands, the Growth 500 ranks Canadian businesses on five-year revenue growth.
TextNow made the 2018 Growth 500 list with five-year revenue growth of 379%.
“The companies on the 2018 Growth 500 are truly remarkable. Demonstrating foresight, innovation, and smart management, their stories serve as a primer for how to build a successful entrepreneurial business today,” says Deborah Aarts, Growth 500 program manager. “As we celebrate 30 years of Canada’s Fastest-Growing Companies program, it’s encouraging to see that entrepreneurship is healthier than ever in this country.”
“We’re thrilled to be a part of this list,” says CEO Derek Ting. “It’s great to be recognized for this wild journey TextNow has been on, from starting with just a couple of university students making an app to becoming an industry leader with over 100 million downloads in just a handful of years. But it’s also a strong indication of how strong the tech sector is, not just in Waterloo, but all across Canada.”
Growth 500 winners are profiled in a special print issue of Canadian Business published with Maclean’s magazine and online at CanadianBusiness.com and Growth500.ca.
About the Growth 500
For 30 years, the Growth 500 has been Canada’s most respectable and influential ranking of entrepreneurial achievement. Ranking Canada’s Fastest-Growing Companies by five-year revenue growth, the Growth 500—formerly known as the PROFIT 500—profiles the country’s most successful growing businesses. The Growth 500 is produced by Canadian Business. Winners are profiled in a special Growth 500 print issue of Canadian Business (packaged with the October issue of Maclean’s magazine) and online at Growth500.ca and CanadianBusiness.com. For more information on the ranking, visit Growth500.ca.
About Canadian Business
Founded in 1928, Canadian Business is the longest-serving and most-trusted business publication in the country. It is the country’s premier media brand for executives and senior business leaders. It fuels the success of Canada’s business elite with a focus on the things that matter most: leadership, innovation, business strategy, and management tactics. Learn more at CanadianBusiness.com.
About TextNow – TextNow is building a new wireless communications platform that is software first. We are the only full-service wireless provider that offers customers a free phone number that they can be used across multiple devices. The TextNow app has been downloaded over 100 million times and counting. For more information, please visit www.textnow.com.
For more information on career opportunities at TextNow, please visit https://about.textnow.com/careers/.