In this article we are going to list the 5 biggest Canadian software companies. For a detailed coverage of this topic and a more comprehensive look, please head on over to the 15 biggest Canadian software companies.
5. Altus Group
Revenue in 2019 (in millions of dollars): 444
Market Value (in millions of dollars): 2,020
Number of employees: 2,200
Founded in 2005 by Gary Yeoman, Altus Group offers the global real estate industry with software, data solutions and independent advisory services. The company operates with two segments, of which Altus Analytics sell global software products as well as data analytics solutions. The company acquired Argus Software in 2011 which began its entry into the real estate software industry.
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4. Shopify (NYSE:SHOP)
Revenue in 2019 (in millions of dollars): 1,578
Market Value (in millions of dollars): 149,870
Number of employees: 5,000
Founded in 2006 in Ottowa, Ontario, Shopify stands as the second most valuable company in Canada. The company provides a platform for online retailers to sell, ship, and manage their inventory as well as a point-of-sale system to manage transactions. As of January 2021, the e-commerce platform is running in more than 175 countries with over 3.6 million stores using the Shopify platform.
3. OpenText Corporation
Revenue in 2019 (in millions of dollars): 2,000
Market Value (in millions of dollars): 10,400
Number of employees: 12,200
This publicly traded company is third on our list of the biggest software companies in the world. Mediacorp Canada named OpenText Corporation as one of the top 100 employers in Canada in 2016. The company is primarily focused on cultivating and selling enterprise information to organizations all over the world. OpenText is known for acquiring business as well, having many famous organizations such as Carbonite Inc. (NASDAQ: CARB) and a subdivision of Dell EMC (NYSE:Dell). The company’s headquarters are in Waterloo, Canada, with offices located across 26 different countries.
2. Constellation Software
Revenue in 2019 (in millions of dollars): 2,500
Market Value (in millions of dollars): 29,000
Number of employees: 1,797
Founded in 1955 by former venture capitalist Mark Leonard, this Canadian software company’s main business strategy is acquiring other companies within the technology sector. According to the website, Constellation Software is divided into six segments, each focused on acquiring companies from different sectors of the market. For example, Harris Computer Systems focuses primarily on the public sector, while Jonas Software focuses on the construction and hospital industry. Constellation software has offices all across the world, operating in 30 countries including the UK, USA, and Australia. As of now, they are providing services to over 100 countries.
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1. CGI Inc
Revenue in 2019 (in millions of dollars): 12,100
Market Value (in millions of dollars): 16,400
Number of employees: 77,500
Topping our list of the 15 biggest Canadian software companies is none other than CGI Inc. Established over 40 years ago in Quebec, City this IT company is one of the top software companies in Canada. It was listed as one of top 30 companies in Canada by market capitalization, one of only 5 other software companies. A multinational company, CGI Inc works primarily on system integrations, information technology consulting, as well as outsourcing, offering a variety of services such as cloud computing and security which may not be strictly linked to the software market. As of now they are operating in 5 different sectors, including financial services, health care and government, telecommunications and utilities, manufacturing, and retail and distribution.
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