Profit

  • Nadia Tatlow posted an article
    Redbrick named fifth Fastest-Growing Company in Canada, and second in Software. see more

     

    Victoria (September 15, 2016) Redbrick has been listed at number 5 on the 28th annual PROFIT 500 ranking of Canada’s Fastest-Growing Companies. The prestigious report awarded the honour to Redbrick for having achieved remarkably high revenue growth over the last 5 years.

     

    Redbrick joined the list with sustained revenue growth of 8,214 per cent, which has earned them a spot next to some of the most respected brands in Canada.

     

    “We are honoured to be ranked in the top 5 Fastest-Growing Companies, and help represent the incredible growth in the technology sector here in Canada, and on the world-stage. Redbrick has been on an exciting growth trajectory since we started doing business, and with the recent launch of our desktop software analytics platform, DeskMetrics, we are not slowing down anytime soon.  We are still a relatively young company, and we have focused our efforts on building a team that can innovate faster than the rest, and drive us to the top. The results have been fabulous,” said Tobyn Sowden, CEO, Redbrick

     

     “Companies become a part of the PROFIT 500 through innovative thinking, smart strategy and sheer grit,” says James Cowan, Editor-in-chief of PROFIT and Canadian Business. “These firms demonstrate what Canadian entrepreneurs can achieve, both at home and across the globe.”

     

    Redbrick is a Victoria-based product development company that has carved out an impressive niche in software analytics and distribution, and one of the only companies in the world providing desktop software analytics to developers. With a growing portfolio of both business and consumer based products, Redbrick is known for its expertise in user engagement, and solution-driven technology. 

     

    About PROFIT and PROFITguide.com
    PROFIT: Your Guide to Business Success is Canada’s preeminent media brand dedicated to the management issues and opportunities facing small and mid-sized businesses. For 34 years, Canadian entrepreneurs across a vast array of economic sectors have remained loyal to PROFIT because it’s a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at PROFITguide.com.

     

    About Canadian Business

    Founded in 1928, Canadian Business is the longest-serving, best-selling and most-trusted business publication in the country. With a total brand readership of more than 1.1 million, 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. We provide concrete examples of business achievement, thought-provoking analysis and compelling storytelling, all in an elegant package with bold graphics and great photography. Canadian Business—what leadership looks like.

     

    About Redbrick

     

    Redbrick has grown into one of the leading desktop software analytics providers, delivering data-driven insights, and unparalleled expertise around user engagement. Redbrick is a trusted partner for thousands of software professionals, with over 2.5 billion events analyzed, and more than 500 thousand users, across 200 countries. For more information, please visit www.rdbrck.com

     

    Media contact

     

    Nadia Tatlow, Redbrick, nadia.tatlow@rdbrck.com, (250) 216-0019

     

     

     

     

     

     

     

     

     

  • Tessa Bousfield posted an article
    Vecima had a solid third quarter with a profit of nearly $6 million. see more

    Source: Times Colonist
    Author: Darron Kloster

    Victoria-based Vecima Networks, which manufactures products for broadband access to cable and wireless networks, had a solid third quarter with a profit of nearly $6 million in the quarter ended March 31.

    According to its most recent financial statements, Vecima reported its highest-ever quarterly revenue and earnings before interest, taxes, depreciation and amortization.

    “We turned in an outstanding quarter,” said chief executive Sumit Kumar. “Our remarkable cash generation during the period allowed us to finance a strategic acquisition, increase our investment in [research and development] and support our capital expenditures, while we maintained a cash balance of nearly $70 million.”

    The company reported revenue of $31.8 million in the quarter, up from $23.2 million in the third quarter of 2015, and EBITDA of $10.3 million, up from $7.5 million last year.