Vancouver, BC, November 16, 2022 — Today, GeoComply is pleased to announce that for the second year in a row, the company was recognized as part of the 2022 Canadian Technology Fast 50™ awards program for its rapid revenue growth, entrepreneurial spirit, and bold innovation.
Celebrating its 25th anniversary, the program recognizes technology companies based on the highest revenue-growth percentage over the past four years. GeoComply ranks 29th with 842 percent in revenue growth from 2018 to 2021. The 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 North American Technology Fast 500™, with winners automatically eligible for this elite ranking.
GeoComply CEO, Anna Sainsbury, credits working closely with customers, listening to their needs, and continual product innovation with the company’s 842 percent revenue growth. Sainsbury said, “To be recognized as a Fast 50 winner for the second year in a row is a fantastic achievement. This couldn’t be done without all the hard work and effort from our rapidly growing global team who have continued to deliver solutions and results for our customers over the past 12 months.”
To qualify for the Technology Fast 50 ranking, companies must have been in business for at least four years, 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.
Founded in 2011, GeoComply provides fraud prevention and cybersecurity solutions that detect location fraud and help verify a user’s true digital identity. Our award-winning products are based on the technologies developed for the highly regulated and complex U.S. online gaming and sports betting market. Beyond iGaming, GeoComply provides geolocation fraud detection solutions for streaming video broadcasters and the online banking, payments, and cryptocurrency industries, building an impressive list of global customers, including Amazon Prime Video, BBC, Akamai, Sightline, DraftKings, FanDuel, and MGM.
The company’s software is installed on over 400 million devices worldwide. It analyzes over 3 billion transactions annually, placing GeoComply in a position to identify and counter current and newly emerging fraud threats.
GeoComply’s solutions incorporate location, device, and identity intelligence and advanced machine learning to detect and flag fraudulent activity. By integrating GeoComply’s solutions into their processes and risk engines, organizations can identify fraud earlier in a user’s engagement, better establish their true digital identity, and empower digital trust.
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