TextNow Recipient of 2016 Startup Canada Award for High Growth Entrepreneurship in Ontario Region
Waterloo, Ontario – September 1, 2016 – TextNow, the company making mobile phone service more affordable through its unique cloud based technology, was recognized by Startup Canada as an Ontario region winner of the Startup Canada Awards for High Growth Entrepreneurship.
The annual Startup Canada Awards are the hallmark event that celebrate and recognize those driving impact and demonstrating excellence in Canada’s entrepreneurship and innovation community. The objectives of the Startup Canada Awards are to:
- Celebrate those working to advance entrepreneurship in Canada
- Increase awareness of the importance of strengthening Canada’s entrepreneurship ecosystem and culture
- Incentivize efforts and elevate the ambitions of the Canadian entrepreneurial and innovation community
The High Growth Entrepreneurship award is awarded to a company exhibiting average annualized growth rates greater than 20 percent per year, over a three-year period and with 10 or more employees at the beginning of the period. Fueled by organic demand, the growth TextNow has experienced the past few years has been extraordinary. The company reported $20M in revenue, a 75 percent year-over-year growth in 2015 for its wireless connectivity solutions that redefine the existing traditional carrier model.
“We’re honored to be recognized by Startup Canada for the High Growth Entrepreneurship award,” said Derek Ting, CEO and co-founder of TextNow. “We’ve hit some incredible milestones across all areas of our business including an increase in users, doubling our staff and expanding the company’s presence to the U.S. with an office in San Francisco. We look forward to the continued traction and success ahead for the company.”
“Startup Canada Award winners and runners-up are architects of a better future for Canada for entrepreneurs,” said Victoria Lennox, CEO of Startup Canada. “As champions of the entrepreneurship movement, they deserve to be celebrated to the highest degree. Thank you and congratulations to all nominees and winners for elevating the efforts, ambitions, and standards of success for the entrepreneurship community across Canada.”
The Ontario Startup Canada Awards ceremony will be held on Sept. 27 at Centre for International Governance Innovation. As a regional winner, TextNow will be pushed forward to the National Adjudication Committee and the national winners will be celebrated at the Startup Canada Awards Grand Finale in Toronto on Nov. 29.
TextNow is making mobile phone service ultra-affordable through its unique cloud based technology. Through TextNow Wireless and the free TextNow app, the company provides millions of users a better and more affordable alternative to traditional wireless plans and services. For more information, please visit www.textnow.com.
About Startup Canada
Startup Canada is the leading national social enterprise supporting and giving a voice to entrepreneurs through online programs, national awards, flagship events, and partnerships with private sector and government to foster a community for startup and small business success across the country. For more information, visit www.startupcan.ca.