High-tech sector has more than 101,000 people now working in software development, advanced tech... see more
Source: Times Colonist
Author: Andrew Duffy
B.C.’s technology sector leads in growth: report
The province’s high-tech sector has broken an employment record with more than 101,000 people now working in software development, advanced technology and research around the province.
According to figures released Wednesday by the provincial government, the tech sector, which employs about 20,000 directly in Greater Victoria, employs more people around B.C. than the mining, oil and gas, and forestry sectors combined.
According to B.C. Stats’ Profile of the British Columbia Technology Sector: 2016 Edition, technology now employs 101,700 people earning a weekly average salary of $1,590 – 75 per cent higher than the average wage in B.C. and higher than the Canadian technology sector average of $1,480 per week.
“For the fifth year in a row, B.C. has seen significant growth in its diverse technology industry. We have more technology companies than ever, with more technology workers, earning higher wages than the Canadian technology sector average,” said Amrik Virk, Minister of Technology, Innovation and Citizens’ Services. “Our #BCTECH strategy is further creating the conditions that are helping the sector continue to grow and thrive.”
B.C.’s tech sector also leads the country in terms of job growth. Employment in the tech sector rose 2.9 per cent, surpassing B.C.’s overall employment growth of 2.5 per cent and national tech sector employment growth of 1.1 per cent.
Technology now employs approximately 4.9 per cent of B.C.’s workforce and is the third-largest tech workforce in Canada.
The gross domestic product of the province’s tech sector grew by 2.4 per cent in 2015, contributing $14.1 billion to B.C.’s overall economic output.
At the same time, tech revenue increased five per cent to a record $26.3 billion.
The RevUP Program is vital for technology companies with rapid-growth issues. see more
New Program Focuses on Critical Tools for Fast-Growing Technology Companies
November 4, 2015 – Vancouver, BC, Canada: The RevUP Program is vital for technology companies with rapid-growth issues. BC Acceleration Network (BCAN) members Accelerate Okanagan, VIATEC and Wavefront announced today that they are mutually introducing RevUP as a custom-developed program that will be offered in the Okanagan region, Victoria and Vancouver. Individualized action plans, personal leadership coaching and targeted skill development are what make RevUP effective in efficient business growth.
RevUP seeks to overcome the common challenges that growth stage entrepreneurs often encounter: building scalable revenue and customer acquisition models, ensuring efficient operational processes and accessing capital opportunities. By participating in RevUP, companies are given the tools to address these needs. Participation benefits include: customized business growth plans, mentorship and coaching for the leadership team, tailored training opportunities and peer-to-peer engagement with other businesses that possess similar pain points.
“The pain points of growth-stage technology companies are unique in that the pain is not only felt by the Founder or CEO, but by the entire leadership team,” said Pilar Portela, CEO of Accelerate Okanagan. “The peer-to-peer format of RevUP is designed specifically for those top-growth issues. We’re grateful to be collaborating with our BCAN partners on the delivery of this effective program.”
“We’ve worked very hard with our partners Accelerate Okanagan and Wavefront to speak with scores of entrepreneurs in the three regions to ensure we’re offering the right mix of resources and opportunities.” said Robert Bennett, COO and Program Director of VIATEC. “We heard quite clearly that RevUP must deliver what they need, when they need it, tailored to each venture’s current stage and strategy. We are excited about what RevUP has to offer growth-stage companies in our regions!”
“We’re thrilled to introduce RevUP, which will help provide crucial support to growth-stage companies,” said Brad Lowe, VP, National Accelerator Operations at Wavefront. “BC is home to some of Canada’s fastest-growing technology companies. Through RevUP, Wavefront and our partners will address an area of need for these businesses who are ready to take their growth to the next level.”
About Accelerate Okanagan: For technology entrepreneurs and their companies, Accelerate Okanagan is the business accelerator that provides the specialized tools, disciplines, and structure required for success. They offer unrivalled category expertise, experience, and environment through an innovative not-for-profit, zero-equity-stake model. To find out Accelerate Okanagan can help your technology business, please visit www.accelerateokanagan.com
About VIATEC: VIATEC (Victoria Innovation, Advanced Technology & Entrepreneurship Council), was incepted in 1989 and serves as the one-stop hub that connects people, knowledge and resources to grow and promote the Greater Victoria technology sector. In addition to member benefits, VIATEC offers flexible office space and entrepreneurial advice in their building called Fort Tectoria. It's equipped with open work stations, private offices, boardrooms, a lounge and a cafe. www.viatec.ca / www.forttectoria.ca
About Wavefront: Wavefront is Canada’s Centre of Excellence for Wireless Commercialization and Research (CECR), accelerating the growth and success of wireless companies by connecting them with critical resources, partners and opportunities, to drive economic and social benefits for Canada. To learn more about Wavefront’s diverse program and service offerings, please visit www.wavefrontac.com.
- Pilar Portela
250-870-9028 Ext. 2108
- Dan Gunn
- Jonathan Sue
- Pilar Portela
As part of the deal, Go2mobi will be expanding in Canada, the U.S. and internationally. see more
VICTORIA, BC, Sept. 16, 2015 (GLOBE NEWSWIRE) -- via PRWEB -Go2mobi, an industry-leading mobile advertising platform, has announced a strategic growth investment from H.I.G. Growth Partners, the dedicated growth capital investment affiliate of H.I.G. Capital, a leading global private equity firm with over $19B of assets under management. As part of the deal, the Canadian company, which has sales offices in New York, San Francisco and Vancouver, will be expanding in Canada, the U.S. and internationally.
H.I.G. has partnered with Go2mobi co-founders Gavin Aitken and Tom Desaulniers to support the company's continued rapid growth and investment in building world-class technology and services in the fast growing cross-screen programmatic space.
Tom Desaulniers, Go2mobi's President and co-founder stated, "H.I.G.'s injection of growth capital will help fuel the rapid expansion of Go2mobi's advertising products to better serve our global client base."
Go2mobi's current products include a fully-managed audience targeting platform that allows brands and agencies to execute campaigns against proprietary and third-party audience data as well as the industry's most robust self-serve programmatic advertising platform for display, video, rich media, and native ad units.
John Kim, Managing Director at H.I.G. Growth, commented, "Go2mobi has an advanced platform for audience targeting and optimization that is delivering amazing results for large brand advertisers. H.I.G. is excited to team up with Gavin and Tom and the entire Go2mobi team to expand their industry-leading platform and services."
Gavin Aitken, Go2mobi's CEO and co-founder said, "H.I.G. is an excellent partner for Go2mobi. Their extensive digital media and ad technology investment portfolio will be extremely helpful as we accelerate the growth of our company."
H.I.G. has previously invested in numerous digital media and advertising technology companies including SpotXchange, Triad Retail Media, REVshare, Batanga, Escalate Media/ Womenforum, Telescope, Boostability, Intelius, Classmates and Grupo NZN.
San Francisco-based investment bank Inverness Advisors advised Go2mobi on the deal.
Go2mobi is a leading provider of mobile advertising solutions to brands, agencies, and programmatic self-serve clients globally. Go2mobi's campaigns are powered by an audience targeting platform that leverages first-party location, intent, interest, and demographic data to target specific audiences for brand and agency partners. Go2mobi's robust self-serve programmatic platform offers massive global scale, deep reporting and optimization and a user-friendly interface. Founded in 2011, Go2mobi has experienced rapid year-over-year growth and continuous profitability since inception. For more information, please refer to the Go2mobi website at http://www.go2mobi.com
About H.I.G. Growth Partners
H.I.G. Growth Partners is the dedicated growth capital investment affiliate of H.I.G. Capital, a leading global private equity investment firm with $19 billion of equity capital under management.* We seek to make both majority and minority investments in strong, growth oriented businesses located throughout North America, South America and Europe. We will invest $5 million to $30 million in equity in a given company and target investments in profitable growth oriented businesses with between $10 million and $100 million in revenues. We consider investments across all industries, but focus on certain high-growth sectors where H.I.G. has extensive in-house expertise such as technology, healthcare, internet and media, consumer products and technology-enabled financial and business services. Growth Partners strives to work closely with our management teams to serve as an experienced resource, providing broad-based strategic, operational, recruiting and financial management services from a vast in-house team and a substantial network of third-party relationships. For more information, please refer to the H.I.G. website at http://www.HIGgrowth.com.
Across all major metrics, Pretio achieved substantial annual and quarter-over-quarter growth. see more
Victoria, BC, November 3, 2015: Pretio Interactive, a mobile advertising company that reaches customers with real-world rewards at their most receptive, released the company’s third quarter results for 2015. Across all major metrics, Pretio achieved substantial annual and quarter-over-quarter growth.
Topline quarterly revenue increased by 56% from Q2 to Q3 2015 and 670% year-over-year from Q3 2014 to Q3 2015.
Pretio increased the number of reward impressions served by 60% from Q2 to Q3 2015, and 225% year-over-year from Q3 2014 to Q3 2015.
Brand Partner Growth
In Q3 2015 Pretio’s brand partners increased by 53% over the previous quarter and by 330% from Q3 2014 to Q3 2015.
Pretio has grown its team by 150% since Q3 2014 and by 30% quarter-over-quarter.
“The challenge for any high-growth technology company is to maintain a balance between financial growth and operational stability,” said Pretio CEO, Jim Hayhurst. “This quarter was especially important for Pretio as we achieved record revenue milestones while at the same time bringing on new people to handle the new demands of our brand and publisher partners. I could not be prouder of how the team managed this demanding period.”
This past quarter saw Pretio deliver campaigns for brands such as Tommy Bahamas, P&G, CBS, Amazon, and FanDuel to audiences across a wide variety of aps and games through contextual, relevant rewards at key moments. The ads helped brands overcome the “banner blindness” and performance issues that are pervasive across the digital landscape.
Additionally, in Q3 Pretio was invited to judge the Casual Connect Indie Prize Competition for game developers in San Francisco and attended Casual Connect Tel Aviv in October.
Pretio Interactive is working to finish 2015 in a strong way and anticipates continued growth going into Q4.
Based in Victoria, BC, Pretio Interactive is a mobile advertising company that connects brands to consumers through rewards in games and apps. The company is backed by Canadian technology investors Wesley Clover International and Yaletown Venture Partners. For more info visit www.pretio.in.