Victory Square Portfolio Company Hydreight Named One of Canada’s Companies-to-Watch in Deloitte’s Technology Fast 50 Program

VANCOUVER, British Columbia, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Victory Square Technologies Inc. (“Victory Square”) (CSE:VST) (OTC:VSQTF) (FWB:6F6) is pleased to announce that portfolio company Hydreight Technologies Inc. (“Hydreight” or the “Company”) (TSXV: NURS)(OTCQB: HYDTF)(FSE: SO6) received a Companies-to-Watch award as part of the 2023 Deloitte Technology Fast 50 program. Hydreight is a fast-growing mobile clinical network and medical platform which enables flexible at-home medical services across 50 states in the United States. Celebrating its 26^th anniversary, the award recognizes emerging companies based on their revenue growth percentage.

Shane Madden, CEO of Hydreight commented, “We are thrilled to receive a Companies-to-Watch award for 2023, from the esteemed Deloitte Technology Fast 50 program. This award not only highlights the Company’s significant organic revenue growth of 250% YoY, but also validates our business operations and key differentiators we have in the market. We are building the largest mobile clinical network across the United States, and are one of the only proprietary, fully-integrated platforms that allows nurses to legally provide at-home services in over 650 cities across 50 states. We would like to thank Deloitte for their consideration and support of Hydreight and what we are building. This has been an incredible year of growth for Hydreight, and we look forward to continuing that trajectory in 2024 and beyond.”

The Companies-to-watch category is a ranking of Canadian technology companies with the potential to be future Technology Fast 50 candidates by their revenue growth percentage over their last three years of operation. The winners of this year’s companies to watch category must have a minimum revenue of $50,000 in 2020 and $2.5 million in 2022. 

“Congratulations to this year’s Companies-to-Watch winners,” commented Anders McKenzie, partner and national leader for the Technology Fast 50 program at Deloitte Canada. “These companies have demonstrated promising growth trajectories and an exemplary ability to seize opportunities even in the face of a challenging economic context. This sets them apart as members of an emerging cohort of tech leaders in Canada. We look forward to keeping an eye on their progress in the months and years to come.”