An Ottawa entrepreneur has been named a finalist for Ernst & Young’s 2014 Ontario Entrepreneur of the Year.
© Dwayne Brown
Veritaaq Technology House Inc. president Paul Genier
Veritaaq Technology House Inc. president Paul Genier is nominated in the Media and Technology category.
OBJ contacted Mr. Genier just 10 minutes after he learned of his nomination, so it hadn’t quite sunk in.
“I think it’s a great testament to the work the team has done here at Veritaaq,” he said. “We’ve got an amazing group of people that are extremely dedicated, work really hard, really well as a team so it just makes me so proud to see the team is getting this type of recognition.”
Veritaaq, an IT services firm, has been in business since 1983. Headquartered in Ottawa, the company has offices in Toronto, Montreal, Vancouver and Calgary. It has 700 IT consultants on contract and 70 corporate staff in its offices.
The Vancouver office opened about 18 months ago and the Calgary office opened June 1. Mr. Genier said continued geographic expansion is a top priority. Once the western offices get built up, he said the company is considering a couple of other locations, possibly in Edmonton or Regina.
“We’re just getting going,” he said. “Our revenues since 2005 when we began our national expansion have grown six-fold and at this point our growth rate is accelerating.”
Mr. Genier said Veritaaq’s revenue growth for the last year was just above 30 per cent, which falls right in line with a recent Ernst & Young survey of the award finalists.
It found its 2013 nominees recorded revenue growth of 37 per cent over 2012. That’s well above the 29 percent average growth of companies in the developed world.
The awards’ program director, Colleen McMorrow, said this year’s nominees prove the future of entrepreneurship in Canada is bright.
“After 21 years of Entrepreneur Of The Year in Canada, we're still amazed at how these leaders continue to defy the odds and the impossible. They are pushing their boundaries and propelling our country forward,” said Ms. McMorrow in a statement.
The Ontario winners will be announced in Toronto Oct. 29, with the overall provincial winner going for the national award, which will be announced in Nov. 25, also in Toronto.
Mr. Genier, a first-time nominee, said taking home the award would be nice.
“Well, it’s always fun winning,” he said with a chuckle, “but I think just being part of the process and making it this far is an honour.”