The Top 4 Canadian Information Technology and Software Companies to Watch in 2022

The Top 4 Canadian Information Technology and Software Companies to Watch in 2022
To prepare this list, we have used the companies’ websites as our source, ranking each Canadian information technology company based on revenue, profit, assets, and employees of the company. Let us look at the emerging companies in the software and information technology industries from Canada.

In this article we are going to list the top 4 Canadian information technology companies to watch in 2022.

The world is evolving at a fast pace, with countries all over the world making strides in the software and Information Technology market. Using software products to fulfill daily tasks such as getting up early in the morning or tracking your meal’s calories has become far more common than it used to be. In fact, for some, it has become almost essential. We rely on tools and applications developed by software companies from the moment we wake up to the moment we sleep.

Therefore, the success of software companies and the thriving software industry should come as no surprise. According to data collected by Statista, revenue of the software market is expected to reach over 580 billion dollars in 2021. By 2025, this number is expected to reach even higher, resulting in revenue of over 700 billion dollars. Fields within the industry such as cloud services, big data, and Internet of Things are expected to be among the hot areas of the software industry in the coming years as well.

Software itself is a broad term, encompassing many different products designed for different tasks. There are two main classifications of software, which are System Software and Application Software. System software is a computer program designed to work as a platform for other software, while taking care of the computer’s hardware and internal functions. Examples of system software are Operating Systems, such as Windows by Microsoft (NASDAQ: MSFT) and IOS by Apple (NASDAQ: AAPL), or Utility Software, such as McAfee Antivirus by McAfee (NASDAQ: MCFE). Application software, on the other hand, is software that is made with the intent to help users perform specific tasks. Most people know these as “apps” which can be downloaded on mobile phones or desktop computers. Examples of recognizable application software are web browsers such as Google Chrome by Alphabet Inc. (NASDAQ: GOOG) and image editor Adobe Photoshop by Adobe Inc (NASDAQ: ADBE).

While it is true that the software industry is dominated by American companies, in recent years Canadian companies have also begin to make their mark in this sector, making it one of the leading countries for software development and information technology management. According to globalnewswire.com, the Canadian market is forecasted to grow at 7.2 percent over the 2020-2027 time period. The Toronto-Waterloo Corridor is even referred to as Canada’s Silicon Valley, with the second highest density of technology startups in the world.

This brings us to our list of the biggest Canadian software and information technology companies. Each of the companies listed on our list is a leading force in their industry, providing different services and solutions. To prepare their ranking, we have used the companies’ websites as our source, ranking each Canadian software company based on revenue, profit, assets, and employees of the company. Let us look at the emerging companies in the software and information technology industries from Canada:

4. Martello Technologies

Revenue in 2019 (in millions of dollars): 10.9

Number of employees: 90

Martello Technologies was founded in 1981, and has headquarters in Ottawa, Canada. The company provides digital experience monitoring (DEM) solutions and fault and performance management to optimize the performance of real-time applications of enterprises. According to their website, services of the company are deployed in over 5000 networks reaching more than 175 countries all over the world. It was also ranked on the list of Canada’s top growing companies for 2020.

https://martellotech.com/

3. TechTactonics

Revenue in 2021 (in millions of dollars): 22.8

Number of employees: 32

TechTactonics was founded in 2011, and has headquarters in Toronto, Canada. A relative newcomer to the information technology industry, but since coming onto the scene have really proved themselves over the last decade. TechTactonics is revolutionizing IT management & support for businesses. They stand for reliable and forward-thinking IT, so that their clients can be more successful. With over 40 years combined experience, TechTactonics can provide the IT management to take any business to their next level. In 2022 this is critical. Not only will a good IT system keep your data safe and your business running smoothly, it can also improve your overall efficiency by up to 30%. This company will deliver. A stand out in the field boasting a customer retention rate of 94% over the last decade.

https://www.techtactonics.com

2. Jobber

Revenue in 2019 (in millions of dollars): 30.5

Number of employees: 200

Ranked as the second fastest-growing software company in Canada, Jobber has achieved substantial success in a short amount of time. Launched in 2011, Jobber now serves 70,000 active customers across 43 different countries across the globe. Like the name suggests, Jobber sells its software as a service to those looking to open or currently operating a small business. The application includes several services such as invoicing, scheduling, credit card processing, and business financing. The CEO, Sam Pillar, claims to use his own software to this day to help him with running the business as well.

https://getjobber.com/

1. Magnitude Simba Technologies

Revenue in 2020 (in millions of dollars): 42

Number of employees: 171

The 4th entry on our list of the biggest Canadian software companies is Simba Technologies. Offering services such as integration services, OEM development, and product certification and testing. The company is most recognizable for providing software development for Linux, Windows, and UNIX among other platforms.

https://www.magnitude.com/

Thank you for taking the time to review this comprehensive list of 4 information technology and software companies to watch in 2022.

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