VANCOUVER, British Columbia–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/BestManaged?src=hash” target=”_blank”gt;#BestManagedlt;/agt;–Canada Drives has been named a 2019 Canada’s Best Managed Company. The country’s leading business awards program recognises excellence in private Canadian-owned companies.
“CIBC is pleased to congratulate Canada Drives on being named one of Canada’s Best Managed Companies, recognizing its excellence in leadership, business performance and innovation,” said Dino Medves, Senior Vice President and Head, CIBC Commercial Banking. “As a sponsor of Canada’s Best Managed Companies program for over 20 years, CIBC is proud to celebrate private companies like Canada Drives as leaders in their industry.”
Canada Drives is revolutionising how people purchase vehicles through its incredibly convenient, customer-friendly online car buying service.
“We are honoured to have been recognised among Canada’s Best Managed Companies,” said Cody Green, founder and Co-CEO of Canada Drives. “This recognition is a huge testament to the efforts of the Canada Drives team to build a world-class company that’s having a profound impact on the way Canadians buy vehicles and access financial services.”
Canada’s Best Managed Companies program is open to businesses with revenue greater than $15 million in the most recent year of operations. Companies must also show how they have managed their finances effectively and adapted to changing market conditions over the past three years.
Companies must also demonstrate a vibrant culture and a motivated workforce. The judging panel for Canada’s Best Managed Companies is comprised of program sponsors and special guests.
“The contribution these companies provide to Canada cannot be overstated. Every year, Best Managed winners are raising the bar of excellence in Canadian business,” said Lorrie King, Partner, Deloitte Private and Co-Leader, Canada’s Best Managed Companies program.
The latest recognition follows Canada Drives receiving Deloitte Technology Fast 50™ and Deloitte Technology Fast 500™ awards earlier this month, which made Canada Drives one of only seven companies nationally and two provincially to be ranked on both lists three years running.
About Canada’s Best Managed Companies
Canada’s Best Managed Companies continues to be the mark of excellence for Canadian-owned and managed companies with revenues over $15 million. 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, Canadian Business, Smith School of Business, and TMX Group. For further information, visit www.bestmanagedcompanies.ca.
About Canada Drives – Canada Drives is financial technology business with over 400 employees who serve over a million consumers a year in Canada, the US and the UK. Founded in 2010, Canada Drives combines proprietary technology and superior customer service to provide a range of curated auto loan, personal loan, credit card and credit building solutions to a wide spectrum of consumers through a simple and frictionless platform.
Chris Reynolds, VP AdvertisingCanada Drives[email protected]