Skip to Content

Bonfire Interactive Recognized as One of Canada’s Fastest-Growing Companies

October 15, 2020

Kitchener-based software company ranks no. 30 of 415 in Canadian Business 2020 Growth List


(KITCHENER, ONTARIO, October 15, 2020) Bonfire Interactive Ltd. (“Bonfire”), a subsidiary of GTY Technology Holdings Inc. and a leader in strategic sourcing and procurement software, today announced that it has been ranked no. 30 on Canadian Business’s 32nd annual Growth List, the definitive ranking of 415 of Canada’s Fastest-Growing Companies. 

The Growth List, produced by Canada’s premier business and current affairs media brands, is Canada’s most respected and influential ranking of entrepreneurial achievement. Bonfire made the 2020 Growth List with an established five-year revenue growth of 7001%. The company’s commitment to empowering its clients to make data-driven decisions, while opening the door for remote collaboration, has enabled procurement teams to operate successfully during the ongoing pandemic. 

“The companies on the 2020 Growth List are really exceptional. Their stories are a masterclass in how to survive when the economy throws a curveball. Despite turbulence, 2020 Growth List companies showed resilience, spirit and, most importantly, empathy and strong leadership,” says Susan Grimbly, Growth List Editor. “As we celebrate over 30 years of the Canada’s Fastest-Growing Companies program, it’s encouraging to see that the heart of Canada’s entrepreneurial community beats strong, even in tough times.”

“Bonfire is thrilled to be ranked in the top 30 of Canada’s Fastest-Growing Companies,” said Corry Flatt, CEO of Bonfire. “There’s no question that COVID-19 caused unrivaled challenges this year, and public sector procurement teams deserve major praise for the way they have managed this crisis. We’ve been honoured to work as a trusted partner for so many of these organizations, and this recognition from Canadian Business is a testament to the resilience and agility of our team even in the midst of a pandemic.” 

Companies on the 2020 Growth List will be profiled in a special print issue of Canadian Business and published online at To view the full Growth List ranking, visit



About the Growth List

For over 30 years, the Growth List ranking of Canada’s Fastest-Growing Companies (formerly the Growth 500) has been Canada’s most respected and influential ranking of entrepreneurial achievement. Originally developed by PROFIT and now published in a special Growth List print issue of Canadian Business (packaged with the December issue of Maclean’s magazine) and online at and, the Growth List ranks Canadian companies on five-year revenue growth, and the Startup List ranks Canadian new growth companies on two-year revenue growth. For more information on the ranking, visit

About Canadian Business

Founded in 1928, Canadian Business is the longest-serving business publication in the country. It has fuelled the success of Canada’s business elite and, through the Growth List ranking, celebrates leadership, innovation, business strategy and management tactics. Learn more at

About Bonfire Interactive Inc.

Bonfire Interactive Inc. (“Bonfire”) is a business unit of GTY Technology Holdings Inc. and a leader in strategic sourcing and procurement software. Bonfire brings procurement online, ensuring 100% compliance, reducing cycle times, and improving transparency. Through the power of tools optimized for collaboration and in-app access to RFP insights and templates (surfaced from Bonfire’s library of 40,000+ projects), Bonfire unlocks procurement’s potential to drive greater agency impact, achieve better outcomes, and engage colleagues along the way. Bonfire’s proven history of customer-driven innovation is trusted by hundreds of public procurement teams across North America. 

About GTY Technology Holdings Inc.

GTY Technology Holdings Inc. (NASDAQ: GTYH) (“GTY”) brings leading government technology companies together to achieve a new standard in citizen engagement and resource management. Through its six business units, GTY offers an intuitive cloud-based suite of solutions for state and local governments spanning functions in procurement, payments, grant management, budgeting, and permitting: Bonfire provides strategic sourcing and procurement software to enable confident and compliant spend; CityBase provides government payment solutions to connect constituents with utilities and government agencies; eCivis offers a grant management system to maximize grant revenues and track performance; Open Counter provides government payment software to guide applicants through complex permitting and licensing procedures; Questica offers budget preparation and management software to deliver on financial and non-financial strategic objectives; Sherpa provides public sector budgeting software and consulting services.