Vention named as one of Canada’s top growing companies
by CM staff
Canada's Top Growing Companies ranks Canadian companies on three-year revenue growth.
Vention Manufacturing Automation Platform (CNW Group/Vention)
MONTREAL — Vention, the company behind the cloud-based Manufacturing Automation Platform (MAP), announced its rank, 64 out of 425 companies, on the 2023 Report on Business ranking of Canada’s Top Growing Companies.
Canada’s Top Growing Companies ranks Canadian companies on three-year revenue growth. Vention earned its spot with a three-year growth of 636 per cent.
Vention is making industrial automation accessible to manufacturers through a single digital environment. Combining 3D design, code-free industrial programming, next-day e-commerce logistics, and a library of 1,000+ modular automation components, Vention’s clients can drive their industrial automation projects 3x faster, with 40 per cent less cost than traditional methods. Through its solution, Vention enables manufacturers to drive efficiency, cost-effectiveness, and accessibility to automation.
“Today’s manufacturers are grappling with labor shortages, rising wages, and production reshoring,” says Etienne Lacroix, CEO of Vention. “This has fueled the demand for automation and innovative approaches. We are witnessing a shift in industrial automation towards democratization, led by small and medium-sized businesses adopting our Manufacturing Automation Platform (MAP) and do-it-yourself (DIY) solutions. These businesses are forming Advanced Manufacturing Teams, reducing reliance on external services and enabling them to internally drive automation projects.”
Canada’s Top Growing Companies is an editorial ranking that was launched in 2019. In total, 425 companies earned a spot on this year’s ranking.
“Canada’s Top Growing Companies acknowledges the drive and ingenuity displayed by Canadian business,” says Dawn Calleja, Editor of Report on Business magazine. “This year’s ranking serves as an inspiration for future business owners.”
