Latest news with #'sBestManagedCompanies
Business Wire
07-05-2025
- Business
- Business Wire
Adastra Corporation Named One of Canada's Best Managed Companies for 23 Consecutive Years
TORONTO--(BUSINESS WIRE)--Adastra Corporation was recognized for its industry-leading performance, its global business practices, and its sustained growth by receiving the prestigious 2025 Canada's Best Managed Companies award. "Being named one of Canada's Best Managed Companies for the 23rd consecutive year is both an honour and a testament to Adastra's dedication, our culture of innovation, and our collective efforts to push the boundaries of what's possible in technology." Celebrating over 30 years, Canada's Best Managed Companies program awards excellence in private Canadian-owned companies with revenues of $50 million or greater. To attain the designation, companies are evaluated on their leadership in the areas of strategy, culture and commitment, capabilities, and innovation, governance and financial performance. "Being named one of Canada's Best Managed Companies for the 23rd consecutive year is both an honour and a testament to Adastra's dedication, our culture of innovation, and our collective efforts to push the boundaries of what's possible in technology. It underscores our strategic vision and our ability to adapt and thrive amid the complexities of a changing global landscape. I am incredibly proud of our team for their outstanding contributions, and this recognition motivates us to continue leading the way in our industry,' remarked Rahim Hajee, Chief Executive Officer, Adastra North America. Canada's Best Managed Companies is one of the country's leading business awards programs, recognizing innovative and world‑class businesses. Every year, hundreds of entrepreneurial companies compete for this designation in a rigorous and independent evaluation process. Applicants are evaluated by an independent panel of judges with representation from program sponsors and special guests. Adastra has adeptly navigated the complex and evolving tech landscape, demonstrating a remarkable capacity for innovation and the adoption of emerging technologies. In the face of market challenges, it has not only maintained its momentum but has also expanded its capabilities and reach. Strategic expansions into India and Colombia, along with further growth in the US and Canada, represent its ambition to harness global talent and enhance its service offerings. Throughout the year, Adastra has strengthened its partnerships and expanded its market presence. Notably, Adastra was awarded Select partner status with Databricks, recognizing its commitment to driving innovation in data analytics and lakehouse technology. It earned two new AWS partner badges in DevOps and generative AI, further cementing its position as a leader in AI, cloud computing, data analytics, and machine learning. The company also obtained the Data Warehouse Migration to Microsoft Azure specialization and was recognized by Google Cloud with a Data Analytics specialization. We launched cutting-edge solutions such as OptiSuite, AskYourData, and the Prescriptive Sales Recommender, designed to enhance decision-making, data security, and sales productivity. Adastra's holistic approach to technology and business can be seen through its engagement in strategic collaborations, such as the AWS Rescale program, and its focus on ethical AI practices and sustainability through ESG initiatives. The 2025 cohort of Best Managed Companies shares common themes, including fostering a people-centric culture, implementing a strategic company framework, investing in innovation and technological advancement, and maintaining financial resilience and strong corporate governance. Together, these practices strengthen the Canadian economy by promoting sustainable growth, enhancing competitiveness, and cultivating a thriving business ecosystem. 'Exploring new avenues for the advancement of tomorrow, this year's Best Managed winners displayed courage, resourcefulness, and creativity,' said Lorrie King, Partner, Deloitte Private and Co-Leader, Canada's Best Managed Companies program. 'We're extremely proud to highlight the impressive achievements of companies such as Adastra in a rapidly evolving business world. Their exceptional accomplishments leave you feeling inspired, celebrated, and connected.' About Canada's Best Managed Companies Canada's Best Managed Companies continues to be the mark of excellence for private Canadian-owned and managed companies. Every year since the launch of the program in 1993, hundreds of entrepreneurial companies have competed for this designation in a rigorous and independent process that evaluates their management skills and practices. The awards are granted on four levels: 1) Canada's Best Managed Companies new winner, one of the new winners selected each year; 2) Canada's Best Managed Companies winner, award recipients that have re-applied and successfully retained their Best Managed designation for two additional years, subject to annual operational and financial review; 3) Gold Standard winner, after three consecutive years of maintaining their Best Managed status, these winners have demonstrated their commitment to the program and successfully retained their award for 4-6 consecutive years; 4) Platinum Club member, winners that have maintained their Best Managed status for seven years or more. Program sponsors are Deloitte Private, CIBC, EDC, The Globe and Mail, and TMX Group. For more information, visit About Adastra For over two decades, Adastra has transformed businesses into digital leaders, helping global organizations innovate, achieve operational excellence, and create unforgettable customer experiences, all with the power of their data. At the forefront of Artificial Intelligence, Data, Cloud, Digital and Governance services, Adastra delivers solutions enabling leading organizations to gain more value from their data, connecting them to their customers – and their customers to the world.
Cision Canada
07-05-2025
- Business
- Cision Canada
Canadian Business Triumphs: Announcing Canada's Best Managed Companies Français
494 privately-owned and managed Canadian companies lead the way in business excellence TORONTO, May 7, 2025 /CNW/ - Today, Deloitte Canada is honoured to announce the 2025 winners of 'Canada's Best Managed Companies'. Now in its 32 nd year, it is the country's leading business awards program, recognizing privately owned and managed Canadian companies. This year's 494 recipients demonstrated outstanding achievements in strategic business transformation and operational resilience, positively impacting their workforce and communities, and driving economic growth. "Over the 32-year history of these awards, Canadian companies have shown resilience and adaptability through economic highs and lows, and this year is no different" said Lorrie King, national co-leader of Canada's Best Managed Companies program and partner with Deloitte Private. "We are honored to recognize this year's Best Managed companies across Canada, who excel in all aspects of their business. These companies all help drive Canada's productivity and innovation, which bolsters our economy, so it's important to recognize their accomplishments and showcase them as examples and inspiration to the broader business community." These Best Managed Companies employ more than 556,000 people across the nation and achieved total sales of over $221,000,000,000 in the previous year, operating across a diverse range of industries, including consumer, energy, resources and industrials, financial services, technology, media, and telecommunications, life sciences and health care, and education, among others. Notably, 274 of the 494 companies are family-owned, underscoring the entrepreneurial spirit in Canada. The 2025 recipients, from Ontario, Québec, Alberta, British Columbia, Manitoba, Nova Scotia, Saskatchewan, New Brunswick, and Newfoundland and Labrador, represent regional business excellence across Canada. Among these, 22 are new members, 81 have achieved Gold Standard status (maintaining their status for four-six consecutive years), including 24 new to this designation this year, and 329 are Platinum Club members (having maintained their status for seven consecutive years or more), with 27 new members joining the Platinum rankings this year. "The spirit within our Canadian business sector is energizing, and the companies in the Best Managed program are well-positioned to adapt to today's evolving economic environment," said Derrick Dempster, national co-leader of Canada's Best Managed Companies program and partner at Deloitte Private. "These companies show national pride by supporting our people and communities and using resources right here at home. Diversification beyond our borders is also important to them, as they explore opportunities to grow investment and elevate Canada's presence in the international marketplace." To secure a coveted Canada's Best Managed Companies designation, companies apply annually and undergo a meticulous assessment led by a multidisciplinary judging panel that evaluates leadership in strategy, capability and innovation, workforce and talent, governance, and financial performance. This year, judges analyzed investment, M&A growth, ESG and DEI strategies, talent retention and recruitment, purpose in local and Indigenous communities, digitization, cyber resilience, data-driven decision-making, and supply chain diversification and nearshoring back to Canada. "We are honored to support Canada's Best Managed Companies and the exceptional leaders who drive innovation and growth in their industries and local communities," said Blair Cowan, Executive Vice President, Commercial Banking at CIBC. "Together, we are fostering a vibrant business environment that encourages excellence and inspires future generations of entrepreneurs." First established in Canada, Best Managed is a flagship program presented by Deloitte Private, a division of Deloitte exclusively focused on serving private clients of all sizes. Since its inception, the program has expanded beyond Canadian borders and is now present in more than 40 countries, with over 1,643 Best Managed Companies around the globe. Winners have access to professional development and networking opportunities, as well as an exclusive network to help foster relationships with global industry leaders and other best-managed companies. For more information about Canada's Best Managed Companies and to see the full list of winners, visit About Canada's Best Managed Companies Canada's Best Managed Companies continues to be the mark of excellence for private Canadian-owned and managed companies. Every year since the launch of the program in 1993, hundreds of entrepreneurial companies have competed for this designation in a rigorous and independent process that evaluates their management skills and practices. The awards are granted on four levels: 1) Canada's Best Managed Companies new winner, one of the new winners selected each year; 2) Canada's Best Managed Companies winner, award recipients that have re-applied and successfully retained their Best Managed designation for two additional years, subject to annual operational and financial review; 3) Gold Standard winner, after three consecutive years of maintaining their Best Managed status, these winners have demonstrated their commitment to the program and successfully retained their award for 4-6 consecutive years; 4) Platinum Club member, winners that have maintained their Best Managed status for seven years or more. Program sponsors are Deloitte Private, CIBC, Norton Rose Fulbright, Export Development Canada, TMX Group, and The Globe and Mail. For more information, visit About Deloitte Canada At Deloitte, our Purpose is to make an impact that matters. We exist to inspire and help our people, organizations, communities, and countries to thrive by building a better future. Our work underpins a prosperous society where people can find meaning and opportunity. It builds consumer and business confidence, empowers organizations to find imaginative ways of deploying capital, enables fair, trusted, and functioning social and economic institutions, and allows our friends, families, and communities to enjoy the quality of life that comes with a sustainable future. And as the largest 100% Canadian-owned and operated professional services firm in our country, we are proud to work alongside our clients to make a positive impact for all Canadians. Deloitte provides industry-leading consulting, tax and legal, financial advisory, audit and assurance, and risk advisory services to nearly 90% of the Fortune Global 500 ® and thousands of private companies. We bring together world-class capabilities, insights, and services to address clients' most complex business challenges. Deloitte LLP, an Ontario limited liability partnership, is the Canadian member firm of Deloitte Touche Tohmatsu Limited. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms. © Deloitte LLP and affiliated entities.
