WATERLOO, ON – September 6, 2018 – The Canadian Innovation Exchange (CIX) announced today that Kiite is one of twenty companies that have been inducted into the annual CIX Top 20 program.
The CIX Top 20 were evaluated and selected by a committee made up of technology and innovation experts, academics, venture capitalists and entrepreneurs. Companies were evaluated on five primary criteria: Business Model, Quality of Product, Service Offering, Market Opportunity, and Depth of Management.
Kiite is an AI-powered sales enablement platform that ties into existing technologies, such as Slack and Salesforce.com, to capture and distribute the knowledge sales teams need to do their jobs more efficiently and effectively. Sam Haffar, Kiite board member and partner at Real Ventures, recognizes Kiite’s position as a leader in a high-growth market. "It's thrilling to be working with Kiite as they tackle a market that's growing exponentially. Kiite is so powerful because it not only collects the knowledge needed to enable sales teams effectively, but it also provides a mechanism - via existing chat - for employees to tap into this knowledge,” says Haffar. “The market for sales enablement tools is expected to exceed $1.8B by 2021, which proves that this discipline is growing and that more and more organizations are focusing on how they can better arm and enable their sales teams."
With recognition as a CIX Top 20 company, Kiite joins an elite list of Canadian technology companies that have appeared on the CIX Top 20 list over the last ten years, including League and Wealthsimple, and Waterloo Region-based companies Miovision, Axonify, Plum.io, Vidyard, and TribeHR (2011 CIX Top 20 company, co-founded by Kiite co-founder Joseph Fung).
“We are honoured to be recognized as a Top 20 company by the CIX,” says Fung. “Inclusion on this list further validates that we’re on the right path and doing the right things to address a very real challenge in the market.”
Click here to view a full copy of the release issued by the Canadian Innovation Exchange.