Growth

  • VIATEC posted an article
    The tech sector in Greater Victoria has a total economic impact of $5.22 billion and employs 16,775 see more

    VIATEC releases Economic Impact Study of the Technology Sector in Greater Victoria

    There is a total economic impact of $5.22 billion and the sector employs 16,775 people.

    VICTORIA, BC (October 15, 2018) - The Victoria Innovation, Advanced Technology and Entrepreneurship Council (VIATEC), has surveyed local technology companies and commissioned an independent researcher (Alan Chaffe, senior economics lecturer at the University of Victoria), to collect and analyze the data - releasing a brand new Economic Impact Study. 

    The study shows there has been a growth of 30% since the last study was released in 2013:

    The technology sector in Greater Victoria has a total economic impact of $5.22 billion and employs 16,775 people.

    The tech sector contributes significantly to employment and economic output in both the local community, as well as throughout the Province of British Columbia. Growth in revenue and the number of technology firms for Greater Victoria outpaces the national average.

    Greater Victoria is home to a vibrant, diverse, and successful technology sector that has been a major driver of innovation and economic growth for the BC economy. The technology sector in Greater Victoria has experienced significant growth over the past decade—with industry revenues (direct impact) increasing from $1.0 billion in 2004 to $4.06 in 2017. This represents a more than fourfold increase over this period.

    The combined direct ($4.06 billion) and indirect ($1.16 billion) economic impact of the technology sector in Greater Victoria for 2017 was $5.22 billion—a 30% increase from the $4.03 billion estimated in 2013. The technology sector is responsible for a substantial portion of the region’s employment. In 2017, there were 16,775 employees in the sector.

    The technology sector in Greater Victoria is expected to continue to grow. The number of technology firms in Greater Victoria is expected to increase, reaching over 1,000 before 2020. VIATEC recently adopted a strategic plan focused on supporting the region’s tech sector in growing to $10 billion in annual revenues by 2030. Based on the findings of this study, it is expected that this goal will be achieved if not surpassed in that time frame.

    Click here to download the full 2018 Economic Impact Study.

    MEDIA CONTACT:

    Dan Gunn
    CEO
    VIATEC
    dgunn@viatec.ca
    250-882-2820

     

    ABOUT VIATEC:

    VIATEC (Victoria Innovation, Advanced Technology and Entrepreneurship Council), started in 1989. Our mission is to serve as the one-stop hub that connects people, knowledge and resources to grow and promote the Greater Victoria technology sector (Victoria's biggest industry).

    We work closely with our members to offer a variety of events, programs and services. In addition, VIATEC serves as the front door of the local tech sector and as its spokesperson. To better support local innovators, we acquired our own building (Fort Tectoria) where we offer flexible and affordable office space to emerging local companies along with a gathering/event space for local entrepreneurs.

    Our Focus Areas are: Regional and Sector Promotion, Networking and Connections, Talent and, Education and Mentoring. www.viatec.ca

     

  • Tessa Bousfield posted an article
    Biggest thing holding back the growth of our tech community is our ability to attract exp. talent see more

    Source: LinkedIn
    Author: Dan Gunn - CEO, VIATEC

    Getting Victoria's Tech Sector to $10billion by 2030

    VIATEC's strategic goal is focused on getting Victoria's tech sector from $4 billion to $10 billion in revenues by 2030. We call it the 10/2030 plan. We believe that the biggest thing holding back the growth of our tech community (just like everywhere) is our ability to attract experienced, senior talent. We need people who have scaled big, know what it takes and how to do it. 

    That said, those people are rare and have lots of options. Our companies have appealing opportunities for them but, in the eyes of those desired candidates, we do not have enough breadth and depth. As such, great candidates often look to larger cities where they feel more confident that there are a long list of viable companies that can use and would want their talents. It's a safer bet.

    To create more of the critical mass and awareness we need, the development of locally grown anchor companies are key. We call them Whales and are aiming to support the emergence of a $1b company with 1,000 staff. We would consider four new $250m or ten new $100m companies also a success. It's not so much about adding a $1b in revenue to the total as it is what companies like that can bring. The critical mass provided by bigger companies create attention, spinoffs and leadership that knows how to build great companies. This benefits every part of the ecosystem...big and small.

    The emergence of more locally founded and built anchor companies is a long-term goal. So, what do we do in the meantime? We set out to identify the highest potential leaders and companies and we provide them with advanced skills training.  We're not turning our back on medium size companies, lifestyle ventures or start-ups. We're focusing on building great leaders and every organization needs those. Programs that support our highest potential leaders and ventures will benefit the entire community. 

    Imagine our $4.06b tech sector and its 16,775 employees were one entity. That would make it a Fortune 500 company (or at least close). The vast majority of companies that size have programs designed to identify their top performers and their highest potential team members so that they can provide them with professional and personal development and training.

    That's what we want to do at VIATEC. Offer a Top Talent program to our members so that we can build the leaders we need to take us to $10b.

  • SendtoNews posted an article
    CEO Matthew Watson Attributes 372 Percent Revenue Growth to Strong Partnerships see more

    SendtoNews Ranked Number 243 Fastest Growing Company in North America on Deloitte’s Technology Fast 500

    SendtoNews today announced it ranked #243 on Deloitte’s Technology Fast 500TM, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. SendtoNews grew 372 percent during this period.

    “We’re honored to be listed on Deloitte’s Fast 500 for the second year in a row and couldn’t have done it without our publishing, league, and sales partners,” said SendtoNews’ CEO, Matthew Watson. "It’s a real testament to the hard work of the SendtoNews team and our amazing partners. Together we’re finding innovative new ways to reach a growing digital audience and I’m excited for what the future holds,” added Matthew.

    “Congratulations to the Deloitte 2018 Technology Fast 500 winners on this impressive  achievement,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “These companies are innovators who have converted their disruptive ideas into products, services and experiences that can captivate new customers and drive remarkable growth.”

    “Software, which accounts for nearly two of every three companies on the list, continues to produce some of the most exciting technologies of the 21st century, including innovations in artificial intelligence, predictive analytics and robotics,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and Industry Leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “This year’s ranking demonstrates what is likely a national phenomenon, where many companies from all parts of America are transforming the way we do business by combining breakthrough research and development, entrepreneurship and rapid growth.”

    SendtoNews previously ranked 24th as a Technology Fast 500TM award winner for 2017.

    About Deloitte’s 2018 Technology Fast 500TM

    Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences 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 2014 to 2018.

    In order to be eligible for Technology Fast 500 recognition, companies must own proprietary  intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

    About SendtoNews

    SendtoNews is North America’s leading sports video and advertising platform. The company has created an expanding publisher network that now includes more than 1500 sports news properties across North America.

    SendtoNews currently generates over 200 million monthly video views through the distribution of exclusive and semi-exclusive content from 75+ sports leagues, including top tier organizations such as the MLB, NBA, NHL, NFL, PGA TOUR, NCAA and Premier League Soccer.

    SendtoNews' sports video content is both VAST and VPAID compliant and the architecture of its video player technologies, as well as its independent analytics partnerships, address market needs for transparency around viewability and invalid traffic.

    Media Contact:
    David Davies

    SendtoNews
    david.davies@sendtonews.com

     

     

     

  • SendtoNews posted an article
    SendtoNews Ranks No. 4th overall on the 2018 Growth 500, and first out of all media companies see more

    Canadian Business and  Maclean’s have ranked SendtoNews (STN) No.4 on the 30th annual Growth 500, the definitive ranking of Canada’s fastest-growing Companies.  SendtoNews increased revenue of 8,388% over the past 5 years.  Along with this, STN ranked 1st overall in the Marketing and Media category, repeating its success from 2017.

    “SendtoNews is thrilled to be listed among some of the top companies in the country on the Growth 500 for the second year in a row,” says Matthew Watson, CEO of SendtoNews. “This tremendous achievement is thanks to everyone at STN and shared with all of our publisher, sales and content partners as well. We wish to also thank Canadian Business and Maclean’s for this honour”, added Watson.

    SendtoNews 2017/18 achievements include a partnership with Rogers Media to distribute NHL and Sportsnet content across Canada, the widespread release of a new AI powered video player that has been proven to improve revenue and engagement for publishers, as well as ranking second overall for total videos viewed and unique viewers in the U.S. comScore rankings.

    “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 the Canada’s Fastest-Growing Companies program, it’s encouraging to see that entrepreneurship is healthier than ever in this country.” 

    Produced by Canada’s premier business and current affairs media brands, the Growth 500 ranks Canadian businesses on five-year revenue growth. Growth 500 winners, including SendtoNews, are now 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 ranking of Canada’s Fastest-Growing Companies has been Canada’s most respected and influential ranking of entrepreneurial achievement. Developed by PROFIT and now published 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, the Growth 500 ranks Canadian companies on five-year revenue growth. For more information on the ranking, visit Growth500.ca. 
     

    About SendtoNews

    SendtoNews is North America’s leading sports video and advertising platform. The company has created an expanding publisher network that now includes more than 1500 sports news properties across North America.

    SendtoNews currently generates over 150 million monthly video views through the distribution of exclusive and semi-exclusive content from 75+ sports leagues, including top tier organizations such as the MLB, NBA, NHL, NFL, PGA TOUR, NCAA and Premier League Soccer.

    SendtoNews has offices in New York, San Francisco, Toronto, Atlanta, Philadelphia and Victoria, British Columbia, and ranks 2nd on comScore for Unique Viewers and Total Videos Viewed in digital sports video.

    For brand advertising inquiries, email advertisers@sendtonews.com. For content distribution inquiries, please email publishers@sendtonews.com. For more details, visit SendtoNews.com or call toll free 855.590.1991.

    Media Contact:

    David Davies

    SendtoNews

    855-590-1991

    david.davies@sendtonews.com

  • SendtoNews posted an article
    STN surpasses ESPN to rank first overall in Unique Viewers and Total Video Views in August 2018 see more

    SendtoNews (STN) is now the top digital video platform in all of sports. The release of August’s U.S. comScore rankings has the digital sports platform listed as #1 in unique viewers and total video views for the first time in SendtoNews’ history.  With 9,790,000 unique viewers and 178,616,000 video views, STN ranks above outlets like ESPN, CBS Sports, Yahoo and Fox. 

    “The work SendtoNews does to help us reach the local fan is unparalleled,” says Home Team Sports EVP Craig Sloan.  “We are ecstatic that their hard work and dedication has allowed them to reach the pinnacle of digital sports video, driven by the insatiable appetite of fans for high-quality content about their beloved teams." 

    STN’s 178,616,000 monthly video views represents a record high for the company.  Part of this success is attributable to the widespread integration of STN Smart Match: an AI powered video player that reads a publisher’s article and instantly populates it with the most relevant video in the STN library.  Recently, the player was subject of a case study done with the New York Daily News.  Year over year results saw time on sports page, unique sports page viewers and total sports page viewers increase substantially for the award winning publisher. 

    “We are thrilled to be validated as the number one property in digital sports video. Our team has steadily built an unmatched three-sided platform for publishers, leagues and advertisers that was hard to do and even harder to replicate” says SendtoNews CEO Matthew Watson. “Many of the other entities on the comScore ranking are content, sales or publishing partners of ours and we share this achievement with them.  We help them reach and engage new fans, and that is the mission that fuels our efforts and success.” 

    SendtoNews also ranks first overall in unique viewers and total videos viewed in several key demographics including Hispanic audience, adult females and persons 25-54. Along with this, out of the top 100 digital video providers in all content categories, STN ranks 29th overall in unique viewers and 23rd in total video views. 

    About SendtoNews 

    SendtoNews is North America’s leading sports video and advertising platform. The company has created an expanding publisher network that now includes more than 1500 sports news properties across North America. 

    SendtoNews currently generates over 150 million monthly video views through the distribution of exclusive and semi-exclusive content from 75+ sports leagues, including top tier organizations such as the MLB, NBA, NHL, NFL, PGA TOUR, NCAA and Premier League Soccer. 

    SendtoNews' sports video content is both VAST and VPAID compliant and the architecture of its video player technologies, as well as its independent analytics partnerships, address market needs for transparency around viewability and invalid traffic. 

    For brand advertising inquiries, email advertisers@sendtonews.com. For content distribution inquiries, please email publishers@sendtonews.com. For more details, visit www.SendtoNews.com or call toll free 855.590.1991. 

    Media Contact:

    David Davies

    SendtoNews

    david.davies@sendtonews.com

  • Tessa Bousfield posted an article
    Massive growth prompting officials to consider embarking on expansion and upgrades sooner... see more

    Source: Times Colonist
    Author: Carla Wilson

    Victoria airport, spurred by passenger surge, could speed expansion plan

    A “massive” growth in passenger numbers at Victoria International Airport is prompting officials to consider embarking on expansion and upgrades sooner than originally planned.

    Last year brought a high of 1,856,421 passengers through the airport. That’s up by 8.5 per cent from the previous record of 1,710,825 in 2015.

    “We’ve seen consistently strong growth among our domestic air carriers,” Geoff Dickson, president and chief executive officer of the Victoria Airport Authority, said Monday.

    New Delta Air Lines service to Seattle boosted trans-border passenger numbers, he said. Higher capacity in charters heading to sunny climates during winter increased international traffic. “The challenge now is to continue to facilitate and enable continued growth through prudent and timely infrastructure investments,” Dickson said.

    The airport had expected to hit the two million mark in 2020, but it appears that could happen sooner, said James Bogusz, airport authority vice-president of operations and development.

    “We are quite well ahead of what we would have anticipated going into 2017. So if anything, we are looking to advance our capital program, even beyond what our master plan had shown. That’s very exciting.”

    The growth has prompted reviews of surface parking for passengers, capacity for jet bridges and capacity at the terminal building, he said. A jet bridge is a passenger boarding system connecting a terminal to a plane.

    “We are really looking at taking plans that we thought may be five or six years out and bringing those in a little bit, depending on if this growth continues,” Bogusz said.

    A $5.75-million job to repave the 5,000-foot-long secondary runway will likely run from early summer to early fall this year. The well-used runway does not normally handle full-sized jets, but rather Dash 8s, Q400s, and other smaller planes, Bogusz said.

    It will be fitted with new LED lighting that will reduce maintenance needs and use of electricity.

    “I can’t underscore enough that overlaying a runway on an active airfield is a very complicated project,” he said.

    “It’s not as if you can just close your airport for three weeks and say: ‘Go ahead and pave.’ So a lot of the work is done at night, during off hours, and portions of the work could be done during the daytime when operations could allow for that,” Bogusz said.

    The main 7,000-foot-long runway was repaved in 2014.

    As with the main runway, the secondary runway will be covered by a grid of grooves to direct rainwater away and avoid pooling of water. “When a plane lands, it just cannot hydroplane and that is a really, really important safety improvement,” Bogusz said.

    Design work is underway for a $10-million to $12-million proposal to expand the terminal building to the north. It would create more seating and more concession space.

    The plan is to go before the airport authority board in the summer. If approved, the work would be completed over 18 to 24 months, Bogusz said.

    The airport authority is constantly seeking new airlines to serve Victoria. It’s not clear if the low-cost airline NewLeaf will return. It served Victoria between July and early December last year. Asked about its plans, a spokesperson indicated there might be some word in about a week.

    Still to come on airport lands is the $35-million Gateway shopping centre at the corner of Beacon Avenue and Patricia Bay Highway. The airport authority is waiting for a development permit application from developer Omicron, Bogusz said.