Canada is known for its maple syrup and hockey It has also been home to many of the most renowned software firms. It is one of the most renowned nations for developing software in addition, the software industry includes many of the largest companies in Canada. The biggest Canadian software companies are Constellation Software Inc., OpenText Corporation, CGI Inc., Descartes Systems Group Inc. and Shopify. Not just is Shopify the biggest Canadian software firm, but it’s also the most valuable publicly traded company in the nation. Each of these firms has different business models and operate under different business models, therefore they are not apples to apples. However they are among the leaders in their respective fields within the software umbrella.
Shopify: $209 billion.
The most recent addition to the list of the most prominent Canadian software companies is also among the most significant. It was founded in 2006 and this small startup in Ottawa soared into the forefront of Canada’s growing industry of e-commerce, and is now the biggest publicly traded Canadian company in any sector.
Shopify is a platform for commercial use that allows the launch and operation of online stores. It allows individuals to sell their items on the internet. In 2020 more than one million businesses are using Shopify to sell their products online.
Constellation Software Inc. :$46.5 billion
Constellation Software has a market capitalization of $46.5 billion, and annual revenue of more than $4 billion. It is a global company, providing its top-of-the-line products and solutions to variety of industries operating both in the public as well as private sector. Constellation Software was established in 1995 with the intention to accumulate a portfolio rising market software companies with the characteristics required to become the leaders in their respective market. Through a mix of acquisitions and organic growth, the business has seen rapid growth and has established an organization of companies who serve an extensive and diverse client base. Constellation offers its services to more than 30000 customers, and operates across more than thirty countries across the globe. Constellation has offices on five continents, with more than 250 employees.
CGI Inc. : $21.8 billion.
CGI Inc. is a Montreal, Quebec information technology firm that is involved in system integrations consulting, outsourcing, and system integration. While it’s not a solely software firm however, it offers several different services such as secure cloud computing that are designed to facilitate sharing details and information. CGI offers a total market worth in the range of $21.8 billion, which makes it among the most valuable businesses in Canada. CGI is listed in both New York Stock Exchange (NYSE) as well as it is listed on Toronto Stock Exchange under the ticker GIB. The company’s revenues for 2021 were of $12.13 billion.
OpenText Corporation :$14.1 billion
OpenText Corporation, with a market capitalization in excess of $14 billion, is a top Canadian software firm. Based in Ontario the company creates and markets Enterprise Information Management (EIM) applications to large corporations in various industries. OpenText software applications can be utilized to manage content or unstructured data in a variety of governance and monetization demands for large organizations as well as professional service companies as well as government organizations.
The company’s continued growth is due in large part due to its numerous acquisitions, which include Actuate Corporation, Information Graphics Corporation, GXS Inc. and Cordys. OpenText is a publicly traded company that is listed on the TSX and on the NASDAQ under the ticker OTEX. The company employs about 14,000 employees and reported revenue of $3 billion in 2020.