London, ON (September 14, 2017) - Canadian Business and PROFIT today ranked London, ON-based Digital Echidna No. 182 on its 29th annual PROFIT 500, the definitive ranking of Canada’s Fastest-Growing Companies. Published in the October issue of Maclean’s magazine and at CanadianBusiness.com, the PROFIT 500 ranks Canadian businesses by their five-year revenue growth.
Digital Echidna made the 2017 PROFIT 500 list with a five-year revenue growth of 358 per cent.
“Digital Echidna is pleased to be on the PROFIT 500 ranking for the first time in our 15-year history,” company president Andrew McClenaghan said. “This is confirmation to me of the trust many companies have put in me and in Digital Echidna to deliver reliable, high quality results, and of the talent and dedication of our incredible staff.
“What makes us most proud is that we’ve been able to grow without compromise. As evidenced by the feedback we get from clients on sites like clutch.co, our growth has been propelled by the quality of our work.
McClenaghan said he attributes the company’s success to a strategic decision six years ago to focus almost exclusively on the Drupal content management system. In doing this, Digital Echidna was able to refine their product offering, invest heavily in accreditation and professional development amongst staff, and position itself through experience and output, as one of Canada’s leading Drupal development shops.
Drupal is an open-source content-management framework written in PHP and distributed under the GNU General Public License. It is used for websites and applications, knowledge management and business collaboration. As of January 2017 more than 1,180,000 sites worldwide use Drupal.
“Embracing this enterprise-friendly, affordable open-source technology and becoming active in the Drupal development community, has fuelled our growth and expanded our reach throughout North America,” McClenaghan added.
“It is never easy to earn a spot on the PROFIT 500, but this year’s applicant pool was the most competitive yet,” Deborah Aarts, PROFIT 500 program manager, said. “This year’s winners demonstrate the resilience, innovation and sheer management smarts it takes to build a thriving business today. Canada — and the world — needs more entrepreneurial success stories like these.”
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About the PROFIT 500
For 29 years, the PROFIT 500 has been Canada’s most respectable and influential ranking of entrepreneurial achievement. Developed by PROFIT and now published in Maclean’s magazine and at CanadianBusiness.com, the PROFIT 500 ranks Canadian companies on five-year revenue growth. For more information on the ranking visit PROFIT500.com or CanadianBusiness.com.
About Canadian Business
Founded in 1928, Canadian Business is the longest-serving and most-trusted business publication in the country. It is the country's premier media brand for executives and senior business leaders. It fuels the success of Canada's business elite with a focus on the things that matter most: leadership, innovation, business strategy and management tactics. Learn more at CanadianBusiness.com.
About Digital Echidna
Digital Echidna is a web design and digital agency that focuses on developing large-scale websites on the Drupal content management system. It has a strong presence in the educational, medical, and government and public sector markets. Digital Echidna employs over 60 people and is located at 103 King Street in London Ontario.
More about Digital Echidna’s growth
Since standardizing on Drupal in 2009, Digital Echidna has grown year over year in number of employees, space, and revenue. Between 2014 to 2016 alone, Digital Echidna experienced 120 per cent growth in number of employees (from 30 to 66 full-time, salaried), generated 105 per cent growth in revenue, and within five years underwent a 132 per cent increase in physical space (from 3,500 sq ft to 8,150 sq ft).
In 2008, Digital Echidna was operating at 207 King Street in 1,500 sq ft. with four employees. By the end of 2010, the company had grown to 12 employees. In 2011, Digital Echidna moved to the historic Burridge Block building at the corner of Talbot and King in London, leasing 3,500 sq ft. of space on the second floor. Here, eventually staff would grow to number in the 30s.
In 2012 Digital Echidna began leasing the first floor of the same building, gaining an additional 3,500 sq ft. in order to house the now 45 total of employees. In 2015 Digital Echidna renovated the first floor entirely, removing walls and reconfiguring the space to accommodate growth. In the summer of 2016, Digital Echidna leased the fourth floor of the Burridge Block, acquiring an additional 1,500 sq ft. of space to accommodate over 60 staff.
Media Contact
Jay Menard
Content Strategist / Media Spokesperson
Digital Echidna
103 King Street
London ON N6A 1C1
jmenard@echidna.ca
519-858-9604 ext. 225
519-619-0136 (cell)
