- Tribe Property Technologies ranked 45th position in
Canada on Deloitte Technology Fast
50™ with 361% revenue growth from 2019 to 2022.
VANCOUVER, BC, Nov. 8, 2023
/CNW/ - Tribe Property Technologies Inc. (TSXV: TRBE) (OTCQB US:
TRPTF) ("Tribe" or the "Company"), a leading provider
of technology-enabled property management solutions, is pleased to
announce its recognition for its rapid revenue growth as part of
the 2023 Deloitte Technology Fast 50™ and the 2023 Deloitte
Technology Fast 500™ award programs.
Celebrating its 26th anniversary, the Deloitte Technology Fast
50™ program recognizes Canada's 50
fastest-growing technology companies based on the highest
revenue-growth percentage over the past four years. In Canada, Tribe ranked 45th, with a
361% revenue growth from 2019 to 2022. With this impressive revenue
growth, Tribe was also ranked on the Deloitte North America
Technology Fast 500™, joining a list of top-growing technology,
media, telecommunications, life sciences, fintech, and energy tech
companies in North America.
"We are honored to be recognized once again as one of
Canada's fastest growing
companies, a testament to Tribe's mission of providing the most
comprehensive platform and services for all of the stakeholders
within the multi-family living space – including real estate
developers, owners, tenants, Boards, investors, and service
providers," said Joseph Nakhla, CEO
of Tribe. "Our commitment to modernizing the property management
industry with tech-backed solutions is at the heart of our success
to date and I'd like to thank our team for their remarkable
dedication and expertise in helping us achieve our goals. Looking
ahead, Tribe remains committed to its strategic plan for national
expansion, solidifying its presence across key markets, and driving
profitability. This positions the Company for accelerated
growth in the coming years, as we continue to innovate and lead in
the property management and community living space."
"It's inspiring how this year's exceptional cohort of the
Technology Fast 50 winners have delivered outstanding revenue
growth even in the face of prevailing uncertainties in the economy
and marketplace," commented Anders
McKenzie, partner and national leader for the Technology
Fast 50 program at Deloitte Canada. "Fueled by exemplary
innovation, creativity, resilience, adaptability, along with
superior business leadership, these companies are paving the way as
catalysts in their respective sectors and delivering growth and
value to the Canadian economy both at home and beyond."
The Deloitte Technology Fast 50 program winners consist of
public and private companies in the technology sector that are
transforming the industry. The program runs alongside the broader
Deloitte North American Technology Fast 500™, with winners
automatically eligible for this elite ranking.
About the Deloitte Technology Fast 50™ program
The Deloitte Technology Fast 50 program is Canada's pre-eminent technology awards
program. Celebrating its 26th anniversary, the program recognizes
business growth, innovation, and entrepreneurship in four distinct
categories: Technology Fast 50 ranking, Enterprise—Industry
leaders, Clean Technology, and Companies-to-Watch. The program also
recognizes companies within the North American Technology Fast 500
ranking, identifying thriving technology companies in the United States and Canada. The 2023 program sponsors include
Deloitte, RBCx, Osler, EDC, CCI,
TMX, Clarity, and Lafond. For further information, visit
www.fast50.ca.
About the 2023 Deloitte Technology
Fast 500™
Now in its 29th 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 2019 to 2022.
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 Tribe Property
Technologies
Tribe is a property technology company that is digitizing the
traditional property management industry. As a rapidly growing
tech-forward property management company, Tribe's integrated
service-technology delivery model serves the needs of a much wider
variety of stakeholders than traditional service providers. Tribe's
three revenue pillars are made up of software and service
(recurring licensing and management fees), transactional (rent or
condo fees, banking services, lease-ups) and digital services and
partnership (smart building products, financial and insurance
service) revenue. Tribe seeks to acquire highly accretive targets
in the fragmented North American property management industry and
transform these businesses through streamlining and digitization of
operations. Tribe's platform decreases customer acquisition costs,
increases retention, and allows for the addition of value-added
products and services through the platform. Visit tribetech.com for
more information.
Tribe Property Technologies Ltd.
"Joseph Nakhla"
Chief Executive Officer
Tribe Property Technologies Inc.
Joseph Nakhla
Chief Executive Officer
1606-1166 Alberni Street
Vancouver, British Columbia V6E
3Z3
Phone: (604) 343-2601
Email: joseph.nakhla@tribetech.com
Cautionary Statement on Forward-Looking
Information
This news release may contain certain "Forward-Looking
Statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian
securities laws regarding the Company and its business. When
or if used in this news release, the words "anticipate", "believe",
"estimate", "expect", "target, "plan", "forecast", "may",
"schedule" and similar words or expressions identify
forward-looking statements or information. Forward-looking
statements or information in this news relate may relate to
statements with respect to; the aims and goals of the Company;
financial projections; growth plans including future prospective
consolidation in the rental management sector; future acquisitions
by the Company; prospective benefits of the Company's platform; and
other factors or information. Such statements represent the
Company's current views with respect to future events and are
necessarily based upon a number of assumptions and estimates that,
while considered reasonable by the Company, are inherently subject
to significant business, economic, competitive, political and
social risks, contingencies and uncertainties. Many factors, both
known and unknown, could cause results, performance or achievements
to be materially different from the results, performance or
achievements that are or may be expressed or implied by such
forward- looking statements. The Company does not intend, and do
not assume any obligation, to update these forward-looking
statements or information to reflect changes in assumptions or
changes in circumstances or any other events affecting such
statements and information other than as required by applicable
laws, rules and regulations.
SOURCE Tribe Property Technologies Inc.
