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Adastra Named One of Canada’s Best Managed Companies for 22 Consecutive Years

Adastra was once again recognized for its industry-leading performance, its global business practices, and its sustained growth by receiving the prestigious 2024 Canada’s Best Managed Companies awar...

Business Wire

TORONTO: Adastra was once again recognized for its industry-leading performance, its global business practices, and its sustained growth by receiving the prestigious 2024 Canada’s Best Managed Companies award.

Celebrating over 30 years, Canada’s Best Managed Companies program awards excellence in private Canadian-owned companies with revenues of $50million or greater. To attain the designation, companies are evaluated on their leadership in the areas of strategy, culture and commitment, capabilities, and innovation, governance and financial performance.

“At its core, this award represents our company’s ability to navigate complexities with agility and integrity. It’s a testament to the collective spirit, dedication, and hard work of our entire team and our belief that with the right vision and unwavering dedication, there’s no limit to what we can achieve together,” said Rahim Hajee, CEO, Adastra North America. “Going into our 22nd consecutive year as a Platinum member of Canada’s Best Managed Companies, Adastra continues to wear this badge with pride.”

Canada’s Best Managed Companies is one of the country’s leading business awards programs recognizing innovative and world-class businesses. Every year, hundreds of entrepreneurial companies compete for this designation in a rigorous and independent evaluation process.

Applicants are evaluated by an independent panel of judges with representation from program sponsors and special guests.

Adastra has adeptly navigated the rapidly changing marketplace by not just keeping pace, but actively embracing innovation and emerging technologies. Despite the challenges posed by inflation, cost pressures, and a general downsizing within the tech industry, Adastra has shown remarkable growth expanding its headcount by 6% while achieving a significant 55% certification rate for its consultants in cloud technologies. This surge in skilled talent, evidenced by 77 new cloud certifications in 2023, underscores Adastra's commitment to staying at the cutting edge of technological advancements.

In 2023, Adastra secured various recognitions and strengthened partnerships, including achieving Platinum Informatica partner status; and earning one GCP and five AWS partner badges. We also won two Microsoft Impact awards, highlighting our prowess in the manufacturing and financial services sectors.

Our organization has quickly positioned itself as a leader in generative AI with the introduction of cutting-edge solutions like the Lucid Data Hub, Intelligent Search Platform, AI Chatbot Platform, and AI Content Generator, which drastically reduce operational costs and time while significantly improving efficiency and customer experience. We have also signed a Strategic Collaboration Agreement (SCA) with AWS and launched two new GenAI solutions that have passed their rigorous Foundational Technical Review (FTR) process.

These efforts, combined with new sustainability offerings helping organizations calculate and improve upon their carbon footprint and a proactive approach to regulatory changes and data governance, cement Adastra's reputation as a forward-thinking leader adept at helping organizations navigate and thrive in the digital age.

The 2024 cohort of Best Managed companies share common themes such as having a people-centric culture, targeting effective ESG strategies, and accelerating operational digitization.

“Over the past year, companies such as Adastra have continually adapted and successfully responded to challenges, seized new opportunities, and leveraged industry-leading competencies to maximize their investments and drive sustainable growth,” said Derrick Dempster, Partner, Deloitte Private and Co-Leader, Canada’s Best Managed Companies program. “By demonstrating an increased focus on environmental, social, and governance themes, these winners have set the standard of excellence for Canada’s business ecosystem.”

About Canada’s Best Managed Companies Program

Canada’s Best Managed Companies program continues to be the mark of excellence for privately-owned Canadian companies. Every year since the launch of the program in 1993, hundreds of entrepreneurial companies have competed for this designation in a rigorous and independent process that evaluates their management skills and practices. The awards are granted on four levels: 1) Canada’s Best Managed Companies new winner, one of the new winners selected each year; 2) Canada’s Best Managed Companies winner, award recipients that have re-applied and successfully retained their Best Managed designation for two additional years, subject to annual operational and financial review; 3) Gold Standard winner, after three consecutive years of maintaining their Best Managed status, these winners have demonstrated their commitment to the program and successfully retained their award for 4-6 consecutive years; 4) Platinum Club member, winners that have maintained their Best Managed status for seven years or more. Program sponsors are Deloitte Private, CIBC, The Globe and Mail, and TMX Group. For more information, visit www.bestmanagedcompanies.ca.

About Adastra

For over two decades, we have transformed businesses into digital leaders, helping global organizations innovate, achieve operational excellence, and create unforgettable customer experiences, all with the power of their data.

At the forefront of artificial intelligence, data, cloud, digital and governance services, we deliver solutions to enterprises to leverage data that they can control and trust, connecting them to their customers – and their customers to the world.

Fonte: Business Wire

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