The Best Software Companies in Canada

Canada is home to more than 4,000 software companies. Software is a part of the Canadian economy that is booming and continues to grow. This article explores which software companies are operating in Canada, from large companies such as Shopify to small penny stock software companies.

This fast-growing industry has evolved from its humble beginnings, with Canada bringing some big names to the international stage. As a result, the software industry has much to offer for investors and talent in the tech sector.

Our tech hubs are now across the map, mainly in Ontario, but have also grown in Vancouver & Calgary. They are creating a significant amount of jobs, attracting talent & generating a massive opportunity for investors.

The Best Software Company Stocks in Canada

So, of course, you’ve heard of Shopify, but many other large software companies were founded/headquartered here in Canada. We go over the big players as well as some of the upcoming penny stocks later on.

Best Large Market Cap

You may not have some of these names. They may not have substantial public exposure; they may not operate well-known app or software. Still, these enterprise B2B companies have shown outstanding performance in the software sector and deal with large international clients.

Shopify Inc.

Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, the United Kingdom, Australia, Latin America, and internationally. The company’s platform offers merchants to run their business in various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, and access financing. It also sells custom themes and apps and registration of domain names. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada.

Constellation Software Inc.

Constellation Software Inc., together with its subsidiaries, acquires, builds, and manages vertical market software businesses in the United States, Canada, Italy, Germany, India, United Kingdom, Brazil, Switzerland, Austria, Israel, and internationally. It operates through two segments, Public Sector and Private Sector. It serves government and government-related customers, as well as commercial customers. Constellation Software Inc. was founded in 1995 and is headquartered in Toronto, Canada.

Open Text Corporation

Open Text Corporation provides a suite of software products and services. The company offers content services; a business network that manages and connects data within the organization; Cyber Resilience, a solution for defending against cyber threats and preparing for business continuity and response in the event of a breach; OpenText security solutions that address information security and digital investigations; AI and analytics that leverages structured or unstructured data; and OpenText Information Management software platform that provides multi-level, multi-role, and multi-context security information platforms. It also offers digital process automation, which enables organizations to transform into digital data-driven businesses through automation; Customer Experience Management, a set of processes used to track customer interactions throughout the customer journey; and Discovery suite that provides forensics and unstructured data analytics for searching, collecting, and investigating enterprise data to manage legal obligations and risk. In addition, the company offers customer support programs that include access to software upgrades, a knowledge base, discussions, product information, and an online mechanism to post and review trouble tickets. Further, it provides professional services, such as consulting and learning services relating to the implementation, training, and integration of its licensed product offerings, as well as cloud services. The company serves organizations, enterprise companies, mid-market companies, and public sector agencies worldwide. It has strategic partnerships with SAP SE, Microsoft Corporation, Oracle Corporation, Corporation, Google Cloud, Amazon AWS, Accenture plc, Deloitte Consulting LLP, Tata Consultancy Services, ATOS, ATOS International SAS, Capgemini Technology Services SAS, and Cognizant Technology Solutions U.S. Corp. The company was founded in 1991 and is headquartered in Waterloo, Canada.

Lightspeed POS Inc.

Lightspeed POS Inc. provides a commerce-enabling software as a Service (SaaS) platform for small and midsize businesses, retailers, restaurants, and golf course operators in Canada, the United States, Germany, Australia, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc. The company’s cloud platforms are designed with interrelated elements, such as omnichannel consumer experience, a comprehensive back-office operations management suite to improve customers’ efficiency and insight, and the facilitation of payments. Its platform functionalities include full omnichannel capabilities, order-ahead and curbside pickup, point of sale, product and menu management, employee and inventory management, analytics and reporting, multi-location connectivity, loyalty, customer management, and tailored financial solutions. The company also offers Lightspeed Loyalty; Lightspeed Analytics; Lightspeed Payments, a payment processing solution; and Lightspeed Capital, a merchant cash advance program. In addition, it sells a suite of hardware products to complement its software solutions for the retail and hospitality segments, such as customer-facing displays, stands, barcode scanners, receipt printers, cash drawers, payment terminals, and an assortment of other accessories, as well as provides installation and implementation services. The company was formerly known as LightSpeed Retail Inc. and changed its name to Lightspeed POS Inc. in October 2014. Lightspeed POS Inc. was incorporated in 2005 and is headquartered in Montréal, Canada.

Kinaxis Inc.

Kinaxis Inc. provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. The company offers RapidResponse, a cloud-based software-as-a-service platform that empowers planners, business leaders, and IT professionals to know sooner, act faster, and remove waste and provides demand planning, supply planning, inventory management, and sales and operations planning, and command and control center services. It also offers professional services, such as implementation, configuration, technical, and training services, and maintenance and support services to its software products. The company serves technology and electronics, aerospace and defence, life sciences and pharmaceuticals, industrial, automotive, consumer products, and retail markets. The company was formerly known as webPLAN Inc. and changed its name to Kinaxis Inc. in May 2005. Kinaxis Inc. was incorporated in 1984 and is headquartered in Ottawa, Canada.

The Descartes Systems Group Inc.

The Descartes Systems Group Inc. provides cloud-based logistics and supply chain management business process solutions, focus on enhancing logistics-intensive businesses the productivity, performance, and processes worldwide. Its Logistics Technology platform offers a range of modular, cloud-based, and interoperable web and wireless logistics management applications, which unites a community of logistics-focused parties, allowing them to transact business. The company provides a suite of solutions that include routing, mobile and telematics; transportation management and e-commerce enablement; customs and regulatory compliance; trade data; global logistics network services, and broker and forwarder enterprise systems. It offers its customers to use its modular, software-as-a-service, and data solutions to route, schedule, track, and measure delivery resources; plan, allocate, and execute shipments; rate, audit, and pay transportation invoices; access and analyze global trade data; research and perform trade tariff and duty calculations; file customs and security documents for imports and exports; and various other logistics processes. The company also provides cloud-based eCommerce warehouse management solutions, consulting, implementation, training, and maintenance and support services. It primarily focuses on serving transportation providers, logistics service providers, distribution-intensive companies, manufacturers, retailers, distributors, and mobile business service providers. The company was incorporated in 1981 and is headquartered in Waterloo, Canada.

Dye & Durham Limited

Dye & Durham Limited, through its subsidiary, Dye & Durham Corporation, provides cloud-based software and technology solutions for legal firms, financial service institutions, and government organizations in Canada and the United Kingdom. Its cloud-based platform automates public records, due diligence searches, document preparation, electronic public records for legal due diligence, corporate formation and maintenance, lien registration, litigation, and real estate conveyancing. The company was founded in 1874 and is headquartered in Toronto, Canada. Inc. Inc. provides vertical market software and vertical market platforms in Europe. The company acquires, builds, and manages various vertical market software businesses, which offer software solutions that address the particular needs of customers. It serves accountancy, agriculture, associations, automotive, central government, education, facility management, finance, healthcare, hospitality, legal, local government, manufacturing, mobility, real estate, and retail verticals. The company was incorporated in 2020 and is headquartered in Toronto, Canada.

Enghouse Systems Limited

Enghouse Systems Limited develops enterprise software solutions worldwide. It operates through two segments, Interactive Management Group and Asset Management Group. The Interactive Management Group segment provides customer interaction software and services to facilitate remote work, enhance customer service, increase efficiency, and manage customer communications across various interactions, including voice, email, webchats, text, and video. Its technologies include contact center, video collaboration, interactive voice response, outbound dialers, attendant console, agent performance optimization, business intelligence, and analytics deployed in the private cloud, multi-tenant cloud, or on-premise environments. This segment serves insurance companies, 5G companies, banks, business process service providers, and technology and health care companies. The Asset Management Group segment offers a portfolio of software and services to cable operators, network telecommunication providers, media, transit, defence, and public safety companies. This segment’s products include network infrastructure, operations support systems, business support systems, and video and cloud TV solutions. In addition, this segment also provides fleet routing, dispatch, scheduling, transit e-ticketing and automated fare collection, communications, and emergency control center solutions for the transportation, government, first responders, distribution, and security sectors. The company was incorporated in 1984 and is headquartered in Markham, Canada.

LifeWorks Inc.

LifeWorks Inc. provides technology-based human resources consulting services in Canada, the United States, and internationally. It provides health and productivity, administrative, and retirement solutions to assist employers in managing their employees’ financial security, health, and productivity. The company offers health and productivity services, including absence and disability management, Internet-based cognitive behavioural therapy, safety groups, influence care, and workers’ compensation services; and administrative solutions, such as defined benefit and contribution pension administration, employee self-service, health and benefits administration, and human resources contact centers, as well as pension and benefits software. It also provides modern employee assistance, wellness, news feed and recognition, perks and savings, workplace learning, total health index assessment, workplace mental health, children’s support, traumatic event support, workplace support programs, domestic and international student support, and HR support solutions. In addition, the company offers retirement solutions comprising actuarial; compensation consulting; defined contribution consulting; international pension regulatory; investment consulting; governance, legal, and compliance; pension sustainability and design; pension regulatory; pooled registered pension plans and voluntary retirement savings plans; and retirement planning and total plan solutions.

Further, it provides asset and risk management and communication and change management solutions. The company was formerly known as Morneau Shepell Inc. and changed its name to LifeWorks Inc. in May 2021. LifeWorks Inc. was founded in 1962 and is headquartered in Toronto, Canada.

Docebo Inc.

Docebo Inc. provides a cloud-based learning management system to train internal and external workforces, partners, and customers in North America, Europe, and Asia-Pacific. Its platform helps customers centralize learning materials from peer enterprises and learners into one learning management system to expedite and enrich the learning process, increase productivity, and grow teams uniformly. The company’s learning platform includes Docebo Learn, a foundational module that enables learning administrators to centralize, organize, and distribute learning content, define and track certifications, and measure results with customer reporting; Docebo, Coach & Share that provides personalized curated content and access to social learning by sharing of knowledge; Docebo Extended Enterprise that allows businesses to manage various portals for audiences; and Docebo Learning Impact that will enable administrators to capture qualitative data and feedback. It also provides Docebo for Salesforce, a native integration that leverages Salesforce’s application programming interface and technology architecture to produce a learning experience; and Docebo Embed (OEM), which eliminates disjointed learner experiences, long development cycles, and ineffective partner models by allowing original equipment manufacturers to embed and re-sell Docebo as a part of their software. In addition, the company offers a Docebo Mobile App Publisher product that enables companies to create and publish their own branded version of Docebo Go. Learn mobile learning applications, and Docebo Content allows businesses to access mobile-ready material from off-the-shelf courses covering various topics within their learning platforms. It serves customers in the technology, media, manufacturing, consulting and professional services, and retail industries. The company was formerly known as Docebo Canada, Inc. Docebo Inc. was founded in 2005 and is headquartered in Toronto, Canada.

Facedrive Inc.

Facedrive Inc. operates as a ride-sharing company in Canada. It offers Facedrive, a ride-sharing platform, and TraceSCAN, a COVID-19 contact tracing app. The company was incorporated in 2016 and is headquartered in Richmond Hill, Canada.

Thinkific Labs Inc.

Thinkific Labs Inc. operates a cloud-based software platform that enables entrepreneurs and established businesses to create, market, and sell online courses in Canada and internationally. It offers products in the areas of course building, site designing, students support, security, and pricing, as well as sales and marketing. Thinkific Labs Inc. was founded in 2012 and is based in Vancouver, Canada.

Real Matters Inc.

Real Matters Inc. provides technology and network management solutions to mortgage lending and insurance industries in Canada and the United States. It offers residential mortgage appraisals for purchase, refinance, and home equity transactions under the Solidifi brand to the mortgage lending industry; and insurance inspection services to property and casualty insurers under the iv3 brand. The company also provides residential and commercial real estate title and closing services for refinancing, purchase, commercial, short sale, and real estate owned transactions to financial institutions under solidifi brand; and offers services required to close a mortgage transaction, including title search, closing and escrow services, and title policy issuance, as well as other title and closing service offerings, such as capital markets services. In addition, it provides access to its software platforms to other title insurance agencies and mortgage lenders for a subscription fee. The company was formerly known as Solidifi Inc. and changed its name to Real Matters Inc. in July 2010. Real Matters Inc. was founded in 2004 and is headquartered in Markham, Canada.

Magnet Forensics Inc.

Magnet Forensics Inc. develops data analytics software used for digital forensics investigations to public sector and private enterprises in Canada and internationally. It offers Magnet AXIOM, a digital investigations platform to recover, analyze, and report on the digital evidence from smartphones, cloud services, IoT devices, and third-party images; Magnet AXIOM CYBER, a digital forensics and incident response solution for businesses that need to perform remote acquisitions, and collect and analyze evidence from computers, cloud, and mobile devices; and Magnet OUTRIDER, a digital evidence triage tool used at crime scenes to scan digital media for the presence of CSAM. The company also provides Magnet AUTOMATE, an orchestration and automation tool to enable law enforcement agencies to create automated and repeatable digital evidence processing workflows; Magnet REVIEW to securely share the digital evidence via a single web-based platform; Magnet ATLAS, a workflow orchestration tool to manage cases, generate real-time reports, and track digital investigations; Magnet Digital Investigation Suite that transforms digital investigations with analytics and collaborate agency-wide, securely, and at scale; and Magnet IGNITE, a cloud-based early case assessment triage tool. It serves large government agencies, corporations, and professional services firms. The company was formerly known as JADsoftware Inc. and changed its name to Magnet Forensics Inc. in August 2012. Magnet Forensics Inc. was founded in 2010 and is headquartered in Waterloo, Canada.

That ends our list of large market cap software companies in Canada. Next, we will cover some junior software companies with smaller market caps.

Penny Stock Software Companies in Canada

To save you some time, we recently compiled a list of the best penny stock software companies in Canada with innovative software products brought to market or are in development.

OEE.V Memex Inc.
IVI.V Ivrnet Inc.
Identillect Technologies Corp.
ICEsoft Technologies Canada Corp.
NPA.V Alphinat Inc.
PAI.V Predictiv AI Inc.
NTG Clarity Networks Inc.
Fintech Select Ltd.
TrackX Holdings Inc.
LTV.V Leonovus Inc.
Engagement Labs Inc.

There is a significant amount of interest and development around AI stocks & companies in Canada, which fall under the Software sector. They are well represented by companies here in Canada!

Below we have given you a list of reliable partnerships that you can consider on a go basis. From multinationals to startups, the pioneering US brands that develop artificial intelligence software have compiled a huge list of companies in Canada that are at your disposal to find the perfect combination. Canadian software companies ranked based on revenue, profit, assets, employees and companies. Our company website was the source for the company rankings, as it is one of the world’s most comprehensive and comprehensive lists. American companies are on our list, and below is a complete list of trusted partnerships that can be considered at every turn – based on your business needs. Sources: 8, 10, 12

After intensive research, we compiled a list of software development companies in Canada that use our expertise. We have selected the best software outsourcing companies in Canada and present the top 10 companies of their kind. You can find this list on our corporate website, and you can also find it on the corporate website for more information about the companies and their services. The Toronto-based software development company has created one of the most successful software management systems in the world. Sources: 2, 4, 11

The company works with medium-sized companies that hire apps for their business development, marketing and marketing management systems and software development. Sources: 2

Software outsourcing helps companies focus more on their core business and save a lot of money by hiring in-house developers. Well-designed and specific software parts can improve the productivity of companies and run the business. They are working to simplify outsourcing and reduce costs and time to market. Highest – Paid software engineering companies in Canada, ensuring the highest quality of their products and services. Sources: 0, 5, 6

On the other hand, custom software development companies in the US will update and maintain your product as soon as you need to use it. We are pleased to help companies grow their business through customized software development. They work on a global scale, working on digital programs that enable them to recruit top teams worldwide, access a large talent pool and minimize development costs, “their website states. This is one of the best software companies in Bangalore, known for its high-quality software and engineering services. Sources: 4, 7, 13

As a result, we can see the zeal with which many software developers in Canada are working to kill market demand more reliably. If you want to outsource your software projects, then you should deal with this company. Sources: 0, 2

This post is meant to give you a list of the best software companies in Toronto, Canada, to help you find valuable partners. Find, filter and filter these companies according to your needs and look for the software development companies of Toronto, Canada, that outsource to startups and companies. On the following pages, you can read how to offer your popularity and your company as a hub to software development companies in Toronto. Individual development for B2B and B 2C products and websites and personal development of web applications and services. Sources: 0, 2

Constellation Software and CGI are among the 30 largest companies in Canada by market capitalization. This makes them the second-largest software company in Toronto and the third-largest in the United States. Sources: 9

Although CGI Inc. is more of a software company, it also develops cloud-based solutions to exchange information and data. The company was ranked first in Forbes “global ranking of Canada’s best software companies by market capitalization in 2019. Regardless of the 2016 census, this is Canada’s second-and highest-paid Linux-based, high-tech and highest-paid software company in the world. Sources: 5, 9, 11

The 500 largest companies in Canada are: Many of these companies offer modern software that works with different tools and frameworks. Sources: 4

The top five Canadian software companies by market capitalization include: Hootsuite has increased its revenues and has become the most prominent “Canadian” software company. From game software providers to betting software, one of the most well-known industries in Canada in recent years has been the ability of betting software providers to demonstrate their capabilities. Klipfolio, Inc. is a Canadian software company founded in 2001 and headquartered in Ottawa, Ontario. The KlIPfolio team describes its work: HootSuite was founded in 2008 by Ryan Holmes and is the second-largest company in its industry with annual revenue of $1.5 million. Sources: 1, 3, 8, 9

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