TORONTO, Nov. 18, 2021 /CNW/ - EBlock, a leader in the
automotive auction industry and sub-brand of parent company, E INC
(TSX: EINC), today announced it ranked No. 204 on the Deloitte
Technology Fast 500™, a ranking of the fasting growing technology
companies in North America, and
No. 26 on the Deloitte Technology Fast 50™, Canada's leading tech awards program.
The Deloitte Technology Fast 500 recognizes the 500
fastest-growing technology, media, telecommunications, life
sciences, fintech, and energy tech companies in North America. The Deloitte Technology Fast
50 award is presented to recipients for their rapid revenue
growth, entrepreneurial spirit and bold innovation. This program
recognizes Canada's 50
fastest-growing technology companies with the highest
revenue-growth percentage over the past four years.
"Our platform connects a massive network of buying and selling
dealerships, so they can trade vehicles amongst each other in real
time. EBlock reduces the amount of time it takes dealerships to
buy, sell and manage their inventory, at a reduced cost and with
less risk," said Jason McClenahan, President and CEO of E INC.
"The team's relentless focus on the customer experience and
developing the best-in-class products for automotive dealers
underpins our success."
"As we rise above another year of uncertainty, we are
exceptionally proud to announce this year's Fast 50 winners,"
stated Anders McKenzie, partner and
national leader for the Technology Fast 50 program at Deloitte
Canada. "These innovative trailblazers have demonstrated
resilience, true commitment to innovation, adaptability, and
business leadership as we cope with an ever-changing new normal.
The Fast 50 companies act as catalysts, driving growth of Canadian
business."
To qualify for the Deloitte Technology Fast 50 ranking,
companies must have been in business for at least four years, have
revenues of at least $5 million, be
headquartered in Canada, own
proprietary technology, conduct research and development activities
in Canada and invest a minimum of
five percent of gross revenues in R&D.
About the 2021 Deloitte Technology Fast 500™
Now in
its 27th year, the Deloitte Technology Fast 500 provides a ranking
of the fastest-growing technology, media, telecommunications, life
sciences, fintech, 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 2017 to 2020.
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 US$50,000, and current-year operating revenues of
at least US$5 million. Additionally,
companies must be in business for a minimum of four years and be
headquartered in North
America.
About the Deloitte Technology Fast 50™
program
The Deloitte Technology Fast 50 program is
Canada's preeminent technology
awards program. Celebrating business growth, innovation and
entrepreneurship, the program features distinct categories,
including the Technology Fast 50 ranking, Enterprise Fast 15, Clean
Technology, and Companies-to-Watch.
The program also recognizes companies within the North American
Technology Fast 500 ranking, identifying technology companies in
the United States and Canada. The 2021 program sponsors include
Deloitte, RBC, EDC, Miller Thomson,
Clarity Recruitment, and Lafond. For further information, visit
www.fast50.ca.
About EBlock
EBlock, an E INC brand, is a leader in
the wholesale automotive market, providing sellers and buyers with
a streamlined platform that combines the energy and immediacy of a
physical auction together with the convenience and efficiency of a
digital one. Find out more about EBlock at eblock.ca
About E INC
E INC's mission is to optimize the online
vehicle buying, selling, and management experience for automotive
dealers and consumers. E INC has a digital platform (the
"Platform") that provides automotive dealerships with access to an
online wholesale auction marketplace where they can purchase or
sell vehicles to other dealers, as well as access innovative
software solutions to support dealers' digital retailing and
inventory management. Access to E INC's Platform is complemented by
ancillary service offerings to assist dealers with supplementary
auction-related needs, along with driving consumer traffic to their
digital properties and optimizing other business processes. E INC's
digital wholesale marketplace goes to market under the brand
EBlock, and E INC's digital suite of retail products goes to market
under the brand EDealer.
SOURCE E Inc.