List of Top 10 Software Development Companies in Canada in 2023

Top Software Development Companies in Canada

Are you looking for the best software development companies in Canada?

In this article, we list the Top 10 best software development companies in Canada in 2023 according to their performance in Canada and revenue which helps you to find the best software development company in Canada. 

In Canada, Software & IT companies are playing the most important role in the growth of the country's economy and Canadian people always love to work in Software companies.

The Software companies like Constellation Software Inc., OpenText Corporation, CGI Inc., Descartes Systems Group Inc., and Shopify have many strong bases in Canada and if you want to choose the best Software development companies in Canada this article definitely helps you.

Canada is well known for hockey and maple syrup, but it is also home to some of the world's leading software companies. In fact, it is a leading country in software development, and the software division makes up some of the largest software development companies in Canada.

The five leading Canadian software companies include Constellation Software Inc., OpenText Corporation, CGI Inc., Descartes Systems Group Inc., and Shopify. Shopify is not only the largest software company in Canada but also the most valuable public company in Canada.

These companies all have different business profiles and operate in different business models, so they cannot be compared, but they are undoubtedly the leading leaders in a particular area within the software umbrella.

List of top 10 Software development Companies in Canada in 2023

Top Software Development Companies in Canada

Here is the list of the top 10 best Software Development companies in Canada in 2023 which helps you to find the best Software development companies in Canada.

1. Constellation Software Inc. 

The total market value of Constellation software is $46.5 billion, and the annual sales in 2020 are about $4 billion. it operates internationally and provides market-leading software and services to many industries that operate in both the public and private sectors. The shares are listed on the Toronto Stock Exchange (TSX) with the ticker symbol "CSU".

Founded in 1995, Constellation Software aims to gather a portfolio of growing software companies with the qualities needed to be a leader in a given market. The combination of acquisitions and organic growth has helped the company achieve rapid growth and establish a portfolio of companies that serve large and diverse customer bases. 

Constellation serves more than 30,000 consumers and operates in more than 30 countries. The company has offices on five continents and employs more than 25,000 people.

Services

  • App Development
  • Mobile Software Development
  • Multimedia
  • Web development

CEO:- Mr. Leonard
Founded:- 1995
Revenue:- $7.8 billion
Headquarters:- Canada
Market Capitalization:- $46.5 billion

2. Shopify

Shopify is the largest company to join the list of Canada's leading software companies. Founded in 2006, this small Ottawa start-up has jumped to the top in Canada's fast-growing e-commerce sector. It is now the largest publicly traded Canadian company in any industry.

Shopify is a commercial platform used to launch and operate online stores, making it easy for individuals to sell their products online. As of 2020, more than one million companies are using Shopify for online sales.

Services

  • Website Development
  • Mobile Software Development
  • Multimedia
  • Web development

CEO:- Tobias L├╝tke
Founded:- 2006
Revenue:- $3.33 billion
Headquarters:- Canada
Market Capitalization:-$209 billion

3. CGI Inc.

CGI Inc. is an information technology company based in Montreal, Quebec, which provides system integration, consulting, and outsourcing services. Although not strictly a software company, it offers a variety of products including secure cloud computing designed to help share information and data. CGI's market capitalization is $21.8 billion, and it is one of the top 30 IT companies in Canada.

The shares are listed on both the New York Stock Exchange (NYSE) and the Toronto Stock Exchange with the ticker GIB. Sales in 2021 totaled $12.13 billion.

Services

  • Stock Exchange
  • Mobile Software Development
  • Multimedia
  • Web development

CEO:- George Schindler 
Founded:- 1976
Revenue:- $13.33 billion
Headquarters:- Canada
Market Capitalization:-$21.09 billion

4. OpenText Corporation

OpenText Corporation, which has a market capitalization of $14 billion, is also a leading software company in Canada. The Ontario-based company develops and markets Enterprise Information Management (EIM) software solutions for large companies in a wide variety of industries. 

Open-text software applications manage content or unstructured data that meet many types of governance and monetization requirements in large enterprises, specialty services enterprises, and government agencies.

The continued growth of open text is largely due to many acquisitions, including Actuate Corporation, Information Graphics Corporation, GXS Inc., and Cordys. OpenText is a listed company and listed on TSX and NASDAQ on Ticker OTEX. The company employs about 14,000 people and generated sales of $3 billion in 2020.

Services

  • Website Development
  • Mobile Software Development
  • Multimedia
  • Web development

CEO:- Mark Barrenechea
Founded:- 1991
Revenue:- $3.33 billion
Headquarters:- Canada
Market Capitalization:-$14.09 billion

5. Descartes Systems Group Inc.

The Descartes Systems Group is known as one of the few companies that survived the dot-com bubble of the late 1990s. After being driven to the brink of bankruptcy, Descartes Systems achieved a profitable turnaround in the mid-2000s. 

Today, DSG is recognized for its cloud-based services and distribution software sales, and in 2018, DSG was selected as one of the Top 220 Supply Chain Management Software Suppliers.

Based in Waterloo, Ontario, Cartesian Systems provides supply chain management software, logistics software, and cloud-based services. In 2000, the company almost went bankrupt due to the dot-com bubble, but it has since recovered as a profitable company. Cartesian Systems currently has a market capitalization of $7.4 billion and generated sales of $348.7 million in 2021.

The shares are traded on TSX and NASDAQ under the ticker symbol DSGX.

Services

  • Mobile Software Development
  • Multimedia
  • Web development

CEO:- Edward J. Ryan
Founded:- 1981 
Revenue:- $348.7 Million
Headquarters:- Canada
Market Capitalization:-$8.09 billion

6. Altus Group

Founded in 2005 by Gary Yeoman, Altus Group offers global real estate industry software, data solutions, and independent advisory services. The company operates with two segments, of which Altus Analytics sells global software products as well as data analytics solutions. The company acquired Argus Software in 2011 which began its entry into the real estate software industry.

In recent days the company's focus on Web development, Software development, and Mobile Apps Developments contribute to the big expenses for the company.

Services

  • Software Development
  • Multimedia
  • Web development
  • Mobile app development

CEO:- Mike Gordon
Founded:- 2005
Revenue:- $456.7 Million
Headquarters:- Canada
Market Capitalization:-$2.09 billion

7. WHITECAP CANADA

WhiteCap Canada is a provider of custom software solutions based in Toronto. Founded in 1997, the company employs more than 40 people to provide custom software development, mobile app development, e-commerce development, and enterprise app modernization services to educational, government, and IT organizations.

The company totally focuses on the quality of its product. The company also received many awards for its work.

Services

  • Custom software development
  • Multimedia
  • Web development
  • Mobile app development

CEO:- Robb Carmicha
Founded:- 1997
Revenue:- $56.7 Million
Headquarters:- Canada

8. ESSENTIAL DESIGNS

Essential Designs is a development company with offices in Vancouver, Toronto and Calgary, Canada. Since 2008, a team of nearly 50 people has specialized in mobile app development, web development and custom software development.

Essential Designs has built a mobile app to reduce the time it takes to respond to a drug overdose. The app is available on iOS and Android platforms and has several professional features such as speech synthesis technology. The app was launched on time and the initial feedback was positive. The client is very satisfied with the excellent communication of essential design.

Services

  • Custom software development
  • Web Design
  • Web development
  • Mobile app development

CEO:- Scott Jackson
Founded:- 2008
Revenue:- $5.7 Million
Headquarters:- Canada

9. DATAROCKETS

Datarockets is a development company with 20 in-house developers working remotely from Canada and Eastern Europe. Founded in 2014, the company develops custom software and applications for startups and mid-sized companies. In addition to development, he also provides consulting services for entrepreneurs, including product strategy and MVP building.

Datarockets is a key software development team for computer and electronics manufacturers. Build solutions using JavaScript, React, Electron, and PostgreSQL.

Services

  • Software development
  • Web Design
  • Web development
  • Mobile app development

CEO:- Pavel Demeshchik 
Founded:- 2014
Revenue:- <$5 Million
Headquarters:- Canada

10. QUANTUM MOB

Quantum Mob is an end-to-end digital innovation company based in Toronto dedicated to building beautiful and functional products that deliver results. Founded in 2016, they offer custom-made software solutions that empower their partners to succeed. The services range from idea to design, engineering to DevOps, and support to team/staff augmentation. Clients range from cutting-edge early-stage startups to elite Fortune 500.

One CNC solution company chose Quantum Mob for custom software development. They started from the client's framework and requirements to create the app, and then took it and completed it.

Services

  • Software development
  • Web Design
  • Web development

CEO:- Eric Kim
Founded:- 2016
Revenue:- <$5 Million
Headquarters:- Canada

Conclusion

In the above, we listed the top 10 best software development companies in Canada. In My opinion, Shopify is the best software development company in Canada. If you looking company for software development Shopify is the best company where you can develop your business software. Thanks for reading.

FAQS

Who is the largest software company in Canada?

Shopify

Not only is Shopify the largest Canadian software company, but it is also now the most valuable publicly-traded company in the country

Which company is best for software engineers in Canada?

Top Eight Software Engineering Companies in Canada

1. Developex,
2. TTT Studios,
3. Prodigy Game,
4. Maropost,
5.  SAP,
6. Paysafe Group,
7. Microsoft,
8. Salesforce,

Which company is best for software developers?

Best Companies for Software Engineers

  • Google. Rating - 4.5/5.
  • Microsoft. Rating - 4.4/5. 
  • Meta. Rating - 4.3/5. 
  • NVIDIA. Rating - 4.7/5.
  • Adobe. Rating - 4.4/5. 
  • Salesforce. Rating - 4.5/5. 
  • Apple. Rating - 4.3. 
  • Amazon. Rating - 4.3. 

Where are the best software companies in Canada?

Canada's Tech Cities

  1. Toronto, 
  2. Ottawa, ON – 76.4.
  3. Vancouver, BC – 72.8.
  4. Kitchener-Waterloo, ON – 69.9.
  5. Montreal, QC – 67.3.
  6. Calgary, AB – 59.5. 
  7. Victoria, BC – 53.9. 
  8. Halifax, NS – 52.6
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