Shearwater Made the Ranks of the 2018 Growth 500
RICHMOND, British Columbia – September 13, 2018 – Shearwater Research Inc. is proud to announce that it ranked 194th among Canada’s Fastest-Growing Companies. Ranking Canada’s Fastest-Growing Companies by five-year revenue growth, the Growth 500—formerly known as the PROFIT 500—profiles the country’s most successful entrepreneurial businesses. The Growth 500 is produced by Canadian Business. Winners are profiled in a special Growth 500 print issue of Canadian Business (packaged with the October issue of Maclean’s magazine) and online at Growth500.ca and CanadianBusiness.com
Shearwater made the 2018 Growth 500 list with a five-year revenue growth of 383%. This makes Shearwater rank No. 36 nationwide among the Canadian manufacturing sector.
“The relevance of this achievement is highlighted by the fact that we operate exclusively within an industry that experiences single digit growth rates in the same time period where we grew at triple digit rates,” says Lynn Partridge, Shearwater’s VP of Marketing.
Steve Prescesky, Shearwater’s President, adds, “the data that we were ranked on is a snapshot in time that does not reflect significant advancements we have done since. In May 2018, we launched the Teric, a new dive watch with cutting edge computing capabilities for all forms of scuba diving and free diving. The market received it with an enthusiasm beyond our wildest dreams. The 2018 Growth 500 list reports us having 45 employees, currently we are more than 65.”
The companies on the 2018 Growth 500 are truly remarkable. Demonstrating foresight, innovation and smart management, their stories serve as a primer for how to build a successful entrepreneurial business today,” says Deborah Aarts, Growth 500 program manager. “As we celebrate 30 years of the Canada’s Fastest-Growing Companies program, it’s encouraging to see that entrepreneurship is healthier than ever in this country.
Bruce Partridge, Chairman and founder says, “This is a testament to the great effort, dedication and brilliance of the team we work with. We’re very excited to see how far we have come and even more so at the future we see unfolding before our eyes.”
About the Growth 500
For 30 years, the Growth 500 ranking of Canada’s Fastest-Growing Companies has been Canada’s most respected and influential ranking of entrepreneurial achievement. Developed by PROFIT and now published in a special Growth 500 print issue of Canadian Business (packaged with the October issue of Maclean’s magazine) and online at Growth500.ca and CanadianBusiness.com, the Growth 500 ranks Canadian companies on five-year revenue growth. For more information on the ranking, visit Growth500.ca.
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.
Shearwater Research designs and manufactures scuba diving computers and advanced diving electronics. Shearwater holds a leading position among companies and a reputation for some of the highest quality instruments on the market. Shearwater dive computers feature intuitive menus and interfaces that make them easy to use for divers at all development levels. Shearwater computers are designed to improve the journey for divers everywhere.