CarProof announced this week it has received Deloitte’s Technology Fast 50 and Fast 500 awards for the third consecutive year.

These awards recognize technological innovation, entrepreneurship and rapid growth in the Canadian technology sector.

“We are humbled to again be named as one of Canada’s fastest growing companies and proud to be among this prestigious list of businesses,” said Paul Antony, CarProof’s president and chief executive officer. “We share this success with our customers and our employees and we look forward to expanding even more in the future. Our recent partnership with Hellman & Friedman has positioned us for an unprecedented increase in growth as we continue to seek out and explore new opportunities.”

In August, the company announced the sale of a minority stake in the company to an American-based private equity investment firm Hellman & Friedman, which has offices in London, New York and San Francisco.

The Deloitte Technology Fast 50 and Fast 500 programs “recognize leaders in the Canadian technology industry and tracks the successful growth of Canadian-grown global leaders,” according to Deloitte.

“Canadian Fast 50 companies innovate, demonstrate leadership, create jobs, and invest in R&D,” said Richard Lee, Deloitte’s National Managing Partner, Technology, Media & Telecommunications. “They are remarkable companies that show dedication, drive and commitment that are key to growth in the Canadian technology sector.”

To pick the winners, a panel of industry experts evaluate and judge companies based on four key criteria: competitive advantage; size, growth and marketing attractiveness; management effectiveness and organization; and financial performance.

“CarProof attributes the company’s incredible growth to its well-mapped business vision and values, the abilities of staff and the management team and the exceptional leadership and commitment from ownership,” the company concluded.

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