Industry News

NEOVATION Ranks No. 78 on the 2017 PROFIT 500

Canadian Business unveils 29th annual list of Canada’s Fastest-Growing Companies

Winnipeg, MB (September 14, 2017) Canadian Business and PROFIT today ranked NEOVATION No. 78 on the 29th annual PROFIT 500, the definitive ranking of Canada’s Fastest-Growing Companies. Published in the October issue of Maclean’s magazine and at, the PROFIT 500 ranks Canadian businesses by their five-year revenue growth.

NEOVATION made the 2017 PROFIT 500 list with five-year revenue growth of 941%.

“It is never easy to earn a spot on the PROFIT 500, but this year’s applicant pool was the most competitive yet,” says Deborah Aarts, PROFIT 500 program manager. “This year’s winners demonstrate the resilience, innovation and sheer management smarts it takes to build a thriving business today. Canada—and the world—needs more entrepreneurial success stories like these.”

“The entire NEOVATION team is thrilled to be included in the PROFIT 500 ranking,” says Founder and President Dan Belhassen. “We are fully committed to improving the online training experience. NEOVATION is a proudly Canadian company, serving a growing global market for online learning that is engaging, delivers ROI, and is based on the most recent research in data science, learning theory and corporate training best practices.”

“Having our made-in-Canada products so widely adopted by great organizations in Canada, US and abroad, shows the world that Manitoba has the talent and resources to build great education technology software. We are proud to be part of the vibrant Canadian technology community.”

About the PROFIT 500
For 29 years, the PROFIT 500 has been Canada’s most respectable and influential ranking of entrepreneurial achievement. Developed by PROFIT and now published in Maclean’s magazine and at, the PROFIT 500 ranks Canadian companies on five-year revenue growth. For more information on the ranking visit or

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

NEOVATION is a Canadian research and development company focused on delivering innovative education related software. Our divisions include the SmarterU Learning Management System (, OttoLearn Adaptive Microlearning Platform ( and Flare Learning Custom Learning Solutions ( NEOVATION is headquartered in Winnipeg Manitoba Canada.

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