TORONTO, ON (September 25, 2020) – Parity Inc. (Parity) is pleased to announce it placed No. 50 on the 2020 Report on Business ranking of Canada’s Top Growing Companies.
Canada’s Top Growing Companies ranks Canadian companies on three-year revenue growth. Parity Inc. earned its spot with a 3 year growth of 1,107%.
Parity is a cleantech artificial intelligence (A.I) and software company responsible for driving innovations in building automation processes to lower costs, decrease CO2 emissions and support sustainable living in residential buildings in cities across North America. To date, the company has prevented an estimated 7 million+ pounds of carbon emissions from entering the atmosphere from residential buildings.
“We’re extremely excited. This is the evidence and validation that we are the fastest growing multi-residential HVAC management platform in North America,” said Brad Pilgrim, CEO, Parity Inc. “The rapidly building momentum we have achieved over the last few years with our partners and customers has given us the rocket fuel to take this solution across the country very quickly into every major city by providing an incredibly unique product and service.”
Today, Parity employs 30+ full-time staff shared between their head office in Toronto, Ontario, Canada and New York City. Parity achieved a 440% increase in its client base in 2019 and anticipates continued growth in the North American market.
Launched in 2019, Canada’s Top Growing Companies editorial ranking aims to celebrate entrepreneurial achievement in Canada by identifying and amplifying the success of growth-minded, independent businesses in Canada. It is a voluntary program; companies had to complete an in-depth application process in order to qualify. In total, 400 companies earned a spot on this year’s ranking.
The full list of 2020 winners, and accompanying editorial coverage, is published in the October issue of Report on Business magazine—out now—and online at tgam.ca/TopGrowing.
“The stories of Canada’s Top Growing Companies are worth telling at any time, but are especially relevant in the wake of COVID-19 pandemic,” says James Cowan, Editor of Report on Business magazine. “As businesses work to rebuild the economy, their resilience and innovation make for essential reading.”
“Any business leader seeking inspiration should look no further than the 400 businesses on this year’s Report on Business ranking of Canada’s Top Growing Companies,” says Phillip Crawley, Publisher and CEO of The Globe and Mail. “Their growth helps to make Canada a better place, and we are proud to bring their stories to our readers.”
About The Globe and Mail
The Globe and Mail is Canada’s foremost news media company, leading the national discussion and causing policy change through brave and independent journalism since 1844. With award-winning coverage of business, politics and national affairs, The Globe and Mail newspaper reaches 5.9 million readers every week in print or digital formats, and Report on Business magazine reaches 2.1 million readers in print and digital every issue. The Globe and Mail’s investment in innovative data science means that as the world continues to change, so does The Globe. The Globe and Mail is owned by Woodbridge, the investment arm of the Thomson family.
About Parity Inc.
Established in 2016, Parity Inc. helps make urban living more sustainable by eliminating energy waste in multi-residential buildings and sustainably bringing new technologies to our homes. The company’s artificial intelligence (A.I)-driven Energy Management Platform guarantees energy savings while maintaining maximum comfort for building residents.
Trusted by a growing number of property managers, asset owners, condo boards and mechanical partners, Parity’s HVAC commissioning platform and reporting keep stakeholders always in the loop and in full control.
For more information, please contact: Marlo Taylor