Calgary-based
Company Also Named #2 to Deloitte Clean Technology Fast 50 in
Canada
CALGARY, AB, Nov. 17, 2021 /CNW/ - mCloud Technologies
Corp. (TSXV: MCLD) (OTCQB: MCLDF) ("mCloud" or the
"Company"), a leading provider of AI-powered asset management and
Environmental, Social, and Governance ("ESG") solutions today
announced that the company has been listed as the 57th
fastest-growing company in North
America on Deloitte's Technology Fast 500™ list and #2 on
the Deloitte 2021 Canada Clean Technology Fast 50.
The Deloitte 500 fastest-growing technology, media,
telecommunications, life sciences, fintech, and energy tech
companies in North America are
ranked based on revenue growth between 2017 and 2020. mCloud grew
3,106% during this period.
"The rise of digital transformation initiatives to create new
efficiencies, and the urgency around ESG issues such as
decarbonization and reducing emissions in organizations around the
globe have been catalysts for mCloud's growth," said Russ McMeekin, mCloud President and CEO.
"Our efforts in Canada
implementing our AI-powered AssetCare™ solutions to decarbonize
high-risk ESG sectors such as the oil and gas industry have enabled
us to expand throughout Europe and
the Middle East in our mission to
help companies become more sustainable."
"Each year the Technology Fast 500 shines a light on leading
innovators in technology and this year is no exception," said
Paul Silverglate, vice chair,
Deloitte LLP and U.S. technology sector leader. "In the face of
innumerable challenges resulting from the pandemic, the best and
brightest were able to pivot, reinvent and transform and grow. We
celebrate the winning organizations and especially the talented
employees driving their success."
The Deloitte Clean Technology award, is a new awards category in
the Technology Fast 50 program that recognizes Canada's top clean innovators providing
processes, goods or services that reduce environmental impacts.
The winning companies are ranked by their revenue-growth
percentage over their last four years of operation, proving minimum
revenues of $50,000 in 2017 and
$5 million in 2020. The
majority of the companies' revenues must come from products or
services that have a positive environmental impact in the following
areas: carbon emissions reduction potential, resources circulation
(reduce, reuse and recycle), or environmental preservation and
safety.
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 within North
America.
About mCloud Technologies Corp.
mCloud is unlocking
the untapped potential of energy intensive assets with AI and
analytics, curbing energy waste, maximizing energy production, and
getting the most out of critical energy infrastructure. Through
mCloud's AI-powered AssetCare™ platform, mCloud offers complete
asset management solutions for commercial buildings, renewable
energy, healthcare, heavy industry, and connected workers. IoT
sensors bring data from connected assets into the cloud, where AI
and analytics are applied to maximize their performance.
With a worldwide presence and offices in San Francisco, Vancouver, Calgary, London, Perth, Singapore, and Beijing, the mCloud family includes an
ecosystem of operating subsidiaries that deliver high-performance
IoT, AI, 3D, and mobile capabilities to customers, all integrated
into AssetCare. With over 100 blue-chip customers and more than
62,000 assets connected in thousands of locations worldwide, mCloud
is changing the way energy assets are managed.
mCloud's common shares trade in Canada on the TSX Venture Exchange under the
symbol MCLD and in the United
States on the OTCQB under the symbol MCLDF. mCloud's
convertible debentures trade on the TSX Venture Exchange under the
symbol MCLD.DB. For more information, visit
www.mcloudcorp.com.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE mCloud Technologies Corp.