Last Updated on May 31, 2025 by Riajur Rahman
In today’s digitally driven economy, software is the backbone of financial transformation. From fraud detection to core banking systems, Canadian software companies are making a global impact by offering world-class financial solutions. This updated guide dives deep into Canada’s top software firms not just by size, but by real value and use cases in banking, insurance, fintech, payments, and wealth management.
List of Largest Software Companies in Canada?
Since the list of software companies in Canada is large to follow. We’re here just to try to list and highlight the best software companies in Canada.
1. OpenText Corporation
OpenText is Canada’s largest software company, specializing in Enterprise Information Management (EIM) solutions. It provides secure content management systems, cloud platforms, and digital transformation services crucial for financial institutions, government, and large enterprises.
Financial Services Solutions:
- Risk management and regulatory compliance
- Secure document exchange and digital signatures
- Cloud-based data governance and archiving
Contact:
- Website: www.opentext.com
- Location: Waterloo, Ontario
- Founded: 1991
- Employees: ~25,000+
- Revenue (2024): $5.2 Billion (USD)
2. CGI Inc.
CGI is a global IT consulting and systems integration company. With a deep focus on the banking and financial services sector, CGI offers full-service IT and business consulting, delivering tailored fintech software and digital banking solutions.
Financial Services Solutions:
- Core banking modernization
- Fraud prevention and AML (Anti-Money Laundering)
- Digital onboarding and mobile banking
Contact:
- Website: www.cgi.com
- Location: Montreal, Quebec
- Founded: 1976
- Employees: 91,500+
- Revenue (2024): $13 Billion (USD)
3. Shopify Inc.
Although known as an eCommerce giant, Shopify also plays a vital role in the fintech space. Its Shopify Payments platform offers integrated POS, merchant services, and financial tools for small businesses.
Financial Services Solutions:
- Payment gateway solutions
- Business financing (Shopify Capital)
- POS for retail and omnichannel businesses
Contact:
- Website: www.shopify.com
- Location: Ottawa, Ontario
- Founded: 2006
- Employees: ~11,600
- Revenue (2024): $7.4 Billion (USD)
4. Martello Technologies
Martello Technologies is a well-known Canadian software company headquartered in Ottawa. Specializing in Digital Experience Monitoring (DEM), Martello helps organizations optimize the performance of enterprise applications by offering robust solutions for issue detection, performance management, and network visibility. With deployments in over 175 countries and across 5,000+ networks, it serves as a vital tool for IT teams in large enterprises and service providers.
Financial Services Use Cases:
- Real-time performance analytics for mission-critical financial systems
- Monitoring of cloud-based financial applications and services
- Proactive network troubleshooting for uninterrupted trading or banking services
Contact:
- Website: www.martellotech.com
- Location: Ottawa, Ontario
- Founded: 1981
- Employees: ~90
- Revenue (2023): Estimated $5 Million (USD)
5. Jobber
Jobber is one of Canada’s fastest-growing SaaS companies, founded in 2011 and based in Edmonton, Alberta. It provides business management software tailored to small home service businesses. With features like scheduling, invoicing, payments, and client communications, Jobber empowers entrepreneurs to streamline operations and grow efficiently. The platform is used by over 70,000 active customers in more than 47 countries.
Financial Services Use Cases:
- Payment processing and invoicing for service-based businesses
- Automated financial recordkeeping and reporting
- Streamlined client billing and job tracking
Contact:
- Website: www.getjobber.com
- Location: Edmonton, Alberta
- Founded: 2011
- Employees: ~600
- Revenue (2023): Estimated $100+ Million (USD)
6. Simba Technologies
Simba Technologies, based in Vancouver, is a leading Canadian software company specializing in data connectivity solutions. It provides robust OEM development, data integration, product certification, and testing services for software vendors and enterprises. Simba is well known for its ODBC and JDBC drivers, which enable seamless data access across platforms such as Linux, Windows, and UNIX. Its technology powers data connectivity for global brands like Microsoft, Google, and Amazon.
Financial Services Use Cases:
- High-performance data connectors for real-time analytics
- Secure data integration across financial databases and BI tools
- Compliance-driven data access and reporting
Contact:
- Website: www.simba.com
- Location: Vancouver, British Columbia
- Founded: 1991
- Employees: ~180
- Revenue (2020): Estimated $10+ Million (USD)
7. Maropost
Maropost offers cloud-based customer engagement solutions. Though primarily focused on eCommerce and marketing automation, it’s increasingly used by fintech and digital banks to build personalized journeys and retention campaigns.
Key Offerings:
- Provides a cloud-based marketing automation platform.
- Deployed in three different countries Canada, India, (Chandigarh) and Sweden (Stockholm). It’s also very well-known among the Canadian software companies in India.
- The number of employees is 171
Contact:
- Website: www.maropost.com
- Location: Toronto, Ontario
- Founded: 2011
- Employees: ~250
- Revenue (2024): $60 Million (USD)
8. Prodigy
Prodigy Education, founded in 2008 and based in Toronto, Ontario, is one of Canada’s fastest-growing EdTech companies. Best known for its flagship platform Prodigy Math Game, the company creates curriculum-aligned math games designed to make learning engaging for children. Between 2013 and 2018, Prodigy saw explosive growth of over 14,866%, positioning it as a major player in the global education software market.
Financial Services Use Cases:
- Gamified financial literacy training for students
- Subscription and payment management for premium learning content
- Data analytics for tracking educational progress and engagement
Contact:
- Website: www.prodigygame.com
- Location: Toronto, Ontario
- Founded: 2008
- Employees: ~380
- Revenue (2019): $56.1 Million (USD)
9. Absolute Software Corporation
Absolute Software specializes in endpoint security and data risk management — critical areas for financial institutions. Its embedded firmware security solutions are trusted by banks and government agencies worldwide.
Key Offerings:
- Data breach protection
- Remote device locking and compliance reporting
- Zero Trust access
Contact:
- Website: www.absolute.com
- Location: Vancouver, British Columbia
- Founded: 1993
- Employees: ~1,000
- Revenue (2023): ~$150 Million (USD)
10. Hootsuite
Hootsuite, a leader in social media management, has extended its analytics capabilities to help financial institutions monitor brand sentiment and customer interactions, essential in today’s data-driven financial markets.
Financial Services Use Cases:
- Social risk monitoring
- Crisis management and customer engagement
- Compliance tracking in marketing communications
Contact:
- Website: www.hootsuite.com
- Location: Vancouver, British Columbia
- Founded: 2008
- Employees: ~1,200
- Revenue (2023): Estimated $200+ Million (USD)
11. Kinaxis
Kinaxis offers supply chain management solutions powered by artificial intelligence. While not strictly fintech, its solutions are crucial for the finance departments of major supply-driven industries like pharma, electronics, and automotive.
Key Solutions:
- Demand planning and supply chain analytics
- Cloud-based SaaS platform with robust financial integrations
Contact:
- Website: www.kinaxis.com
- Location: Ottawa, Ontario
- Founded: 1984
- Employees: 2,000+
- Revenue (2024): $470 Million (USD)
12. Descartes Systems Group
Descartes is a global leader in logistics and supply chain SaaS solutions. For financial services and insurance companies involved in trade finance and logistics, Descartes offers secure and intelligent solutions.
Financial Services Integration:
- Automated compliance for trade documents
- Digital customs and logistics documentation
Contact:
- Website: www.descartes.com
- Location: Waterloo, Ontario
- Founded: 1981
- Employees: ~2,400
- Revenue (2024): $630 Million (USD)
13. TouchBistro Inc.
TouchBistro is a leader in POS (Point of Sale) systems for the restaurant and hospitality industry. Its financial modules include integrated payment processing, reporting, and inventory — serving financial needs of SMBs.
Financial Services Use Cases:
- Integrated payment processing for real-time revenue tracking
- Sales and tax reporting software for financial compliance
- Inventory costing and profit margin analysis
Contact:
- Website: www.touchbistro.com
- Location: Toronto, Ontario
- Founded: 2010
- Employees: ~600
- Revenue (2023): $120 Million (USD)
14. Constellation Software Inc.
Constellation Software Inc., headquartered in Toronto, is one of Canada’s largest and most influential software companies. Founded in 1995, the company focuses on acquiring, managing, and growing vertical market software (VMS) businesses globally. Through its subsidiaries, Constellation delivers highly specialized enterprise and financial software solutions across a wide range of industries, including municipal finance, insurance, public sector, and banking. With over 500+ companies under its portfolio, Constellation is a powerhouse in scalable niche technology.
Financial Services Use Cases:
- Core financial systems for public sector organizations
- Insurance claims management and underwriting platforms
- Compliance and regulatory reporting tools for finance firms
Contact:
- Website: www.csisoftware.com
- Location: Toronto, Ontario
- Founded: 1995
- Employees: 25,000+
- Revenue (2024): $6.6 Billion (USD)
15. Datarockets – Custom Software for Fintech & Startups
Datarockets is a Canadian software development company known for building secure, scalable, and user-centric applications. With a strong foothold in fintech, they partner with startups and SMEs to deliver banking apps, financial dashboards, and crypto platforms tailored to compliance and customer needs.
Financial Services Use Cases:
- Custom fintech app development
- Cryptocurrency wallets and exchanges
- Secure digital onboarding & KYC
Contact:
- Website: www.datarockets.com
- Location: Toronto, Ontario
- Founded: 2014
- Employees: ~30
- Revenue (2023): Estimated $5–10 Million (USD)
16. Synodus – Digital Transformation & Banking Automation
Synodus is a digital transformation firm helping financial service providers modernize through AI, low-code platforms, and cloud architecture. They excel at accelerating development for fintechs needing loan management systems, virtual banking platforms, and credit scoring tools.
Financial Services Use Cases:
- AI-powered loan automation
- Low-code fintech apps
- Data dashboards for CFOs and auditors
Contact:
- Website: www.synodus.com
- Location: Toronto, Ontario
- Founded: 2018
- Employees: ~120
- Revenue (2023): Estimated $8–12 Million (USD)
17. 247 Labs – Agile App Development for Financial Platforms
247 Labs is an agile web and mobile development agency with strong experience building financial software. They specialize in payment processors, fintech apps, and CRM integrations that meet banking-grade security standards.
Financial Services Use Cases:
- Fintech payment app development
- CRM systems for wealth management
- Invoice automation platforms
Contact:
- Website: www.247labs.com
- Location: Toronto, Ontario
- Founded: 2013
- Employees: ~50
- Revenue (2023): Estimated $5–8 Million (USD)
18. Simform – Fintech Software Engineering Partner
Simform is a global digital engineering company helping Canadian fintech firms build scalable infrastructure. Known for working with both startups and enterprise clients, Simform offers API integrations, cloud-native applications, and AI-enhanced analytics.
Financial Services Use Cases:
- Open banking & API integration
- AI-backed fraud detection
- Mobile finance platforms
Contact:
- Website: www.simform.com
- Location: Toronto, Ontario (Global HQ in the US)
- Founded: 2010
- Employees: ~1,000
- Revenue (2023): Estimated $70–90 Million (USD)
19. Synergo Group – Software Consulting for InsurTech & Fintech
Synergo Group delivers full-stack development and technical consulting to fintech clients. They focus on projects involving insurance technology, secure data transfers, and integration of payment solutions like Plaid, Stripe, and PayPal.
Financial Services Use Cases:
- InsurTech claims management apps
- Digital identity verification (KYC)
- Financial API integration
Contact:
- Website: www.synergogroup.net
- Location: Toronto, Ontario
- Founded: 2005
- Employees: ~40
- Revenue (2023): Estimated $5–7 Million (USD)
20. Net Solutions – Digital Product Studio for Banking & Payments
Net Solutions is a product development company supporting banking and fintech platforms with a focus on design-led development. Their experience ranges from budgeting tools to mobile banking portals, emphasizing performance and user engagement.
Financial Services Use Cases:
- Budgeting and financial wellness apps
- Loan management systems
- UX/UI for fintech portals
Contact:
- Website: www.netsolutions.com
- Location: Toronto, Ontario / Chandigarh, India
- Founded: 2000
- Employees: ~750
- Revenue (2023): Estimated $25–30 Million (USD)
21. Osedea – AI & Automation Solutions for Enterprises
Osedea specializes in AI, machine learning, and custom software development. Their work includes financial process automation, machine-learning powered fraud detection, and high-performance dashboards for enterprise finance teams.
Financial Services Use Cases:
- AI automation in financial workflows
- Risk detection and pattern recognition
- Predictive analytics for investments
Contact:
- Website: www.osedea.com
- Location: Montreal, Quebec
- Founded: 2011
- Employees: ~100
- Revenue (2023): Estimated $8–10 Million (USD)
22. iQlance – Custom Apps for Fintech Startups
IQlance is a technology partner for startups and SMEs, especially in fintech and insurance. They build cost-effective, fast-to-market products such as e-wallets, budgeting apps, and accounting tools for small business finance.
Financial Services Use Cases:
- Mobile wallets & digital payments
- Budgeting and expense tracking apps
- Accounting automation for SMBs
Contact:
- Website: www.iqlance.com
- Location: Toronto, Ontario
- Founded: 2014
- Employees: ~40
- Revenue (2023): Estimated $3–5 Million (USD)
23. NetSet Software – Banking Software & Enterprise Solutions
NetSet is a global IT services company helping financial institutions build enterprise software solutions. Their work includes digital banking systems, lending platforms, and large-scale client portals.
Financial Services Use Cases:
- Core banking software
- Enterprise-grade lending solutions
- Customer portals and dashboards
Contact:
- Website: www.netsetsoftware.com
- Location: Vancouver, British Columbia
- Founded: 2011
- Employees: ~400
- Revenue (2023): Estimated $20–25 Million (USD)
24. Spiria – UX-Driven Financial Apps & Automation
Spiria is a software design and engineering firm serving banks, credit unions, and financial platforms across North America. They build high-performing apps and interfaces that meet both regulatory standards and customer usability expectations.
Financial Services Use Cases:
- Wealth management tools
- Client reporting dashboards
- UX design for secure financial apps
Contact:
- Website: www.spiria.com
- Location: Montreal, Quebec
- Founded: 2003
- Employees: ~250
- Revenue (2023): Estimated $20 Million (USD)
25. Vention
Vention is a top-tier software development company headquartered in Canada that offers engineering talent to fast-growing fintech startups and global financial institutions. With a strong focus on scalable architecture and modern tech stacks, Vention helps financial companies launch secure products—from robo-advisors and mobile banking to investment platforms.
Financial Services Use Cases:
- Digital banking platforms and fintech apps
- WealthTech solutions (e.g., robo-advisors, trading platforms)
- Financial data analytics and reporting systems
- Blockchain and smart contract integration
Contact:
- Website: www.ventionteams.com
- Location: Montreal, Quebec
- Founded: 2002
- Employees: ~3,000+ (Globally)
- Revenue (2023): Estimated $150+ Million (USD)
Summary Table: Top Canadian Software Firms for Financial Services
| Company | Founded | Location | Employees | Revenue (2023) | Focus Area |
| OpenText Corporation | 1991 | Waterloo, Ontario | 24,000+ | $4.5B | Enterprise Information Management |
| CGI Inc. | 1976 | Montreal, Quebec | 90,000+ | $10.4B | IT & Business Consulting |
| Shopify Inc. | 2006 | Ottawa, Ontario | 11,600+ | $7.1B | E-commerce Platform |
| Martello Technologies | 1981 | Ottawa, Ontario | 90 | $5M | Network Performance Monitoring |
| Jobber | 2011 | Edmonton, Alberta | 600+ | $100M+ | Field Service Management |
| Simba Technologies | 1991 | Vancouver, British Columbia | 100+ | $10M+ | Data Connectivity |
| Maropost | 2011 | Toronto, Ontario | 170+ | $50M+ | Marketing Automation |
| Prodigy | 2011 | Toronto, Ontario | 380+ | $60M+ | EdTech (Math Games) |
| Absolute Software Corporation | 1993 | Vancouver, British Columbia | 500+ | $120M+ | Endpoint Security |
| Hootsuite | 2008 | Vancouver, British Columbia | 1,200+ | $200M+ | Social Media Management |
| Kinaxis | 1984 | Ottawa, Ontario | 500+ | $370M | Supply Chain Software |
| Descartes Systems Group | 1981 | Waterloo, Ontario | 1,500+ | $480M | Logistics & Supply Chain |
| TouchBistro Inc. | 2010 | Toronto, Ontario | 500+ | $130M | Restaurant POS Systems |
| Constellation Software Inc. | 1995 | Toronto, Ontario | 25,000+ | $6B | Vertical Market Software |
| Datarockets | 2014 | Toronto, Ontario | 30+ | $5–10M | Custom Software Development |
| Synodus | 2018 | Toronto, Ontario | 120+ | $8–12M | Digital Transformation & Fintech |
| 247 Labs | 2013 | Toronto, Ontario | 50+ | $5–8M | Web & Mobile App Development |
| Simform | 2010 | Toronto, Ontario | 1,000+ | $70–90M | Custom Software & Cloud Solutions |
| Synergo Group | 2005 | Toronto, Ontario | 40+ | $5–7M | Software Development Consulting |
| Net Solutions | 2000 | Toronto, Ontario | 750+ | $25–30M | Digital Product Development |
| Osedea | 2011 | Montreal, Quebec | 100+ | $8–10M | AI & Custom Software |
| iQlance | 2014 | Toronto, Ontario | 40+ | $3–5M | Mobile App & Web Development |
| NetSet Software | 2011 | Vancouver, British Columbia | 400+ | $20–25M | Enterprise Software Solutions |
| Spiria | 2003 | Montreal, Quebec | 250+ | $20M | Custom Software & UX Design |
| Vention | 2002 | Montreal, Quebec | 3,000+ | $150M+ | Engineering & Fintech Software |
Frequently Asked Question:
1. What are the largest software companies in Canada by revenue?
- CGI Inc. – $13B+
- OpenText – $5.2B+
- Shopify – $7.4B+
- Constellation Software – $6.6B+
2. Which Canadian software companies offer financial services solutions?
- CGI Inc.
- Shopify (Shopify Payments, Shopify Capital)
- OpenText (Digital compliance and archiving)
- Absolute Software (Cybersecurity)
- Constellation Software (Municipal finance)
3. How many software companies operate in Canada today?
As of 2024, there are over 45,000 active software and IT-related businesses across Canada, with several thousand directly focused on SaaS, fintech, and cybersecurity.
4. Are Canadian software companies competitive globally?
Absolutely. Companies like Shopify, CGI, and OpenText are global players, while others like Kinaxis and Descartes dominate niche markets like supply chain and logistics tech.
Conclusion
Canada’s software landscape is rich with global leaders and niche innovators alike. From fintech to cybersecurity, from eCommerce platforms to cloud logistics — these companies power transformation across industries. For financial services in particular, they provide the security, compliance, and scalability needed to stay competitive in 2025 and beyond.
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