Canada is well-known for its maple syrup and hockey. However, it is home to a few of the top software firms in the world. It is one of the major states that housed some of the largest software development firms. This article highlights five of the biggest software firms in Canada. These companies rank high due to their market capitalization.
OpenText Corporation
OpenText Corporation is one of the top software firms in Canada and holds a market cap worth $10.4 billion. The company has its main offices in Ontario. It sells and cultivates EIM (Enterprise Information Management) software solutions to large firms in various sectors. The software applications of OpenText Corporation are used in content management or unstructured information for several kinds of monetization and governance requirements for major organizations, government agencies, and professional service companies.
The ongoing growth at OpenText Corporation is due to its numerous acquisitions such as Cordys, Information Graphics Corporation, Actuate Corporation, and GXS Inc. The publicly traded firm has been listed on TSX under the ticker OTEX on NASDAQ. OpenText Corporation hires close to 12,200 individuals and has $2 billion in revenues in 2019.
Kinaxis
Kinaxis is a company focused on sales software and supply chain management. The Ontario-based firm makes products for major international corporations based on subscriptions. Almost 62% of the firm’s total revenue is from Software as a service (Saas). In 1984, Kinaxis was founded and had evolved throughout the years with a current workforce of 500 employees.
In 2019, the company had a $3.9 billion market cap and revenues with $191 million. The shares of Kinaxis are traded under ticker KXS on the Toronto Stock Exchange.
Descartes Systems Group Inc.
Descartes Systems Group Inc. is situated in Waterloo, Ontario. The company deals with cloud-based services, logistics software, and supply chain management software. Descartes Systems Group Inc. nearly went bankrupt around the turn of the century. It was in the aftermath of the dotcom bubble. However, the company has since resurfaced as a lucrative firm.
As of now, Descartes Systems Group Inc. has a $3.6 billion market cap, with revenues valued at $196 million in 2019. The stocks trade under DSGX, which was its ticker symbol on NASDAQ and TSX.
Constellation Software Inc.
In 2019, Constellation Software Inc. registered an annual revenue of more than $2.5 billion and $29 billion in market capitalization. The company operates globally, providing its top services and market-leading Software to several industries working in both the private and public sectors. The shares of this firm trade under the ticker CSU and on the Toronto Stock Exchange. Constellation Software Inc. was founded in 1995 and aimed at amassing a portfolio of developing market software firms with the qualities needed to shape them as leaders in their specific markets.
Through an organic growth and acquisition combination, Constellation Software Inc. has experienced fast growth and developed an array of firms that service a vast and multifaceted client base. The firm offers its services to more than 30,000 consumers running operations in over 30 states worldwide. Constellation Software Inc. has offices across Europe, Australia, and North America. The firm recruits more than 16,000 workers.
CGI Inc.
CGI Inc. is based in Montreal, Quebec, and operates as an information tech firm. It is involved in outsourcing, consulting, and systems integrations. Whereas CGI Inc. is not exclusively a software firm, it does offer several commodities, such as secure cloud computing, made to assist with dispensing information. The company holds a market value set at $16.4 billion. The value places it on top of the lift for the largest firms in Canada.
CGI Inc. has listed its stock on the Toronto Stock Exchange and the New York Stock Exchange (NYSE). The company’s shares are under the ticker symbol GIB. In 2019, the firm accumulated revenues worth $12,111.2 billion.
Final Thoughts
All the firms, as mentioned earlier, have varying corporate profiles. Although these companies are some of the crucial leaders in their particular industries in the software industry, they operate on various business models.
