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PROFIT magazine unveils 25th annual list of Canada’s Fastest-Growing Companies

PROFIT Magazine today ranked Prophix number 237 on the 25th annual PROFIT 500, the definitive ranking of Canada’s Fastest-Growing Companies. Published in the Summer issue of PROFIT Magazine and online at PROFITguide.com, the PROFIT 500 ranks Canadian businesses by their revenue growth over five years.

As a leading developer of Corporate Performance Management (CPM) software, Prophix enables companies to automate financial processes such as budgeting, planning, reporting, consolidation and more. Prophix made the PROFIT 500 list with five-year revenue growth of 259%.

“To celebrate the 25th anniversary of the Fastest-Growing Companies in Canada, the PROFIT 500 has expanded to recognize the entrepreneurial achievements of more than 500 Canadian companies,” says Ian Portsmouth, Editor-in-Chief of PROFIT Magazine. “PROFIT is proud to now showcase Canada’s forward-thinking small business entrepreneurs and honour their talents and innovations.”

“We are excited to once again find Prophix ranked amongst some of the fastest growing companies in Canada,” said Prophix CEO Paul Barber. “We’ve applied a disciplined approach to our growth strategy. This has allowed us to manage our product development and global expansion effectively and without disrupting customer satisfaction.”

In 2012, Prophix expanded its global operations to include a European office in Denmark. In the same year, Prophix released PROPHIX 10 R3, including new features such as SmartMonitor and ad hoc visualizations that allow business users to continuously monitor exceptions, collaborate, and analyze their information.

About PROFIT Magazine and PROFITguide.com
PROFIT: Your Guide to Business Success is Canada’s preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For 31 years, Canadian entrepreneurs and senior managers across a vast array of economic sectors have remained loyal to PROFIT because it’s a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at PROFITguide.com.

About Prophix Software Inc. 
Prophix is a leading developer of innovative performance management solutions designed to automate financial and operational processes. Thousands of finance leaders in nearly one hundred countries use Prophix to empower their organizations and gain valuable insight into business performance. Prophix and its partners deliver superior value by combining high-end functionality with low cost-of-ownership and fast implementations. For more information, visit newsdotprophix.wpengine.com.