IntraGrain – Canada’s Fast 50
The business world continues to heap praise on IntraGrain Technologies Inc.
The most recent accolade has the Regina-based company ranked No. 19 in the Deloitte 2017 Technology Fast 50 ™ program, a project conducted by accounting firm Deloitte to track growth among the country’s technology firms. It’s a ranking of Canada’s fastest-growing technology, media, and telecommunications companies with the highest percentage revenue growth over four years.
IntraGrain experienced growth of nearly 1,500 per cent over that span and was the only Saskatchewan company to crack the exclusive list, which was released Nov. 9.
The Deloitte 2017 Technology Fast 50™ program recognizes corporate leadership – firms that are classified as global leaders in their categories.
“Being No. 19 is an absolute honour,” said IntraGrain founder and president Kyle Folk. “Being anywhere in the top 50 is a great accomplishment. It’s a testament to everyone involved. It’s our partners and our employees that grind it out every day. This growth wouldn’t be possible without everyone playing their part.”
“There was a void in the market and we recognized it. The success can be attributed to a combination of our product, services and people. Our distributers and retailers have done a great job marketing our products which has allowed us to focus on manufacturing and developing. This cohesive relationship is strong, but without the embrace of the farmers we wouldn’t be where we are today. We are fortunate to be able to help producers mitigate a risk in a very risky but desperately needed line of business.”
The most recent honour for IntraGrain follows a successful October that saw the company win an ABEX Award for Innovation. Prior to that, IntraGrain picked up the EY Manufacturing Award in the Entrepreneur of the Year program across the Prairies.
The lofty praise and recognition can only aid in IntraGrain’s rise.
“With growth, you need to be able adapt and have the ability to supply,” Kyle said. “If you can’t supply, you can’t grow.”
IntraGrain weathered humble beginnings. It started as a simple two-person operation with Kyle and his wife Pamela handling the day-to-day operations. Shortly thereafter, they hired two engineers and the team of four not only took control of the development but all played a role in the assembly and marketing as well as the answering of phones and other administrative duties.
Today, IntraGrain employs nearly 40 full-time staff. That rapid growth has the company moving into a larger office space before the end of 2017.
“We don’t want to sit still,” Kyle said. “We want to continually develop innovative products. In order to do that we need to stay focused on R&D and continue to attract the best and brightest individuals in the industry.”