Olive celebrated on Ready to Rocket’s Emerging Rocket list for ICT in 2021
Rocket Builders Names Olive Technologies as one of their Top Technology Companies on the “Ready to Rocket” List, 2021. The list highlights Companies with Highest Growth Potential.
VANCOUVER, BC – March 24, 2021
Rocket Builders today released its nineteenth (19th) annual “Ready to Rocket” lists. These lists profile British Columbia technology companies that are best positioned to capitalize on the technology sector trends that will lead them to faster growth than their peers. Rocket Builders also released results from its 2020 lists, with strong revenue growth across all sectors. As is typical with this list, companies profiled tend to attract investment, partnerships and even get acquired. Last year, more than half received investment.
The annual 2021 “Ready to Rocket” lists provide accurate predictions of private companies that will likely experience significant growth, venture capital investment or acquisition by a major player in the coming year. This year the lists feature 213 companies across 5 different technology sectors:
● Information and Communications Technology (ICT)
● Cleantech (CT)
● Life Science (LS)
● Digital Health (DH)
● Agri-Food (AF)
The “Ready to Rocket” lists are the only predictive lists of its kind in North America, requiring many months of sector and company analysis.
“Over the 19 years of the program, the B.C. technology sector has steadily grown each year, and presents a growing challenge to select and identify the most likely to succeed for our Ready to Rocket lists.” said Geoffrey Hansen, Managing Partner at Rocket Builders. “In recent years, a startup economy has blossomed yielding a rich field of companies for our consideration, with over 600 companies reviewed to make our selections of 213 winners. Our Emerging Rocket lists enables us to profile those earlier stage companies that are well positioned for investment.”
It has also been a difficult year for some BC based technology companies. Many have been impacted by COVID and 47% found that their market slowed due to COVID. However, 24% of those companies still experienced greater than 100% growth.
INFORMATION AND COMMUNICATIONS TECHNOLOGY (ICT)
The 2020 Ready to Rocket list for ICT performed extremely well. The average growth rate on that list was over 25% growth, with 18 exceeding 100% growth. The list as a whole represented the creation of over 700 jobs. Five companies graduated (achieve >20M revenue or over $50 in investment) or were acquired.
"2020 was an important year for ICT in British Columbia as there was significant job creation and many breakthrough companies. Despite the market uncertainty created by the pandemic, we foresee great growth potential for many of these companies as they offer leading edge technology that provides transformational capabilities that the world needs."
Reg Nordman, Managing Partner at Rocket Builders.
About the Rocket Recognition Program
The Rocket Recognition Program features two branded lists of companies. The "Ready to Rocket" list profiles information technology companies with the greatest potential for revenue growth in the coming year. The "Emerging Rockets" list profiles technology companies from multiple technology sectors with great potential for investment and market breakthroughs in the coming year. Both lists are predictive of future success making them unique in approach and unique in value for our business audience. "Ready to Rocket" and "Emerging Rockets: are trademarks of Rocket Builders, a respected management consulting firm servicing the technology industry. http://www.readytorocket.com
About Rocket Builders
Rocket Builders is a management consulting firm providing sales and marketing services. With a focus on helping technology companies to grow and prosper, Rocket Builders has a proven track record of success with its clients. Since 2000, we have been engaged in market research, market planning, business development initiatives, strategic selling, and product launches for over 500 organizations. http://www.rocketbuilders.com
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