Newfoundland and Labrador is a haven of natural beauty, but it’s also making waves in the tech industry. With over 200 tech companies contributing more than $1.6 billion in revenue, the province is quickly becoming a hotbed of innovation and entrepreneurship. If you’re looking for the best tech companies to work for in Newfoundland, read on!
1. Verafin: Fighting Financial Crimes with AI
Verafin stands out as one of Newfoundland’s most successful and renowned tech companies. Founded in 2003 by three graduates from Memorial University, Verafin specializes in cloud-based anti-money laundering (AML) and fraud detection software solutions for financial institutions. Leveraging the power of artificial intelligence (AI) and big data analytics, their software helps banks and credit unions detect and prevent a wide range of financial crimes, including money laundering, terrorist financing, elder abuse, and check fraud.
Since its inception, Verafin has experienced exponential growth, amassing a customer base of over 2,000 financial institutions across North America. In a landmark deal in 2020, Nasdaq acquired Verafin for a staggering $2.75 billion USD, marking one of Canada’s largest tech acquisitions. Despite the acquisition, Verafin continues to operate independently from its headquarters in St. John’s, employing over 600 professionals.
Verafin’s reputation extends beyond its industry leadership. It has been recognized as one of Canada’s Top 100 Employers, Atlantic Canada’s Top Employers, Canada’s Top Small & Medium Employers, and Canada’s Most Admired Corporate Cultures. Joining Verafin means enjoying competitive salaries and benefits, flexible work arrangements, ample career development opportunities, employee wellness programs, and a vibrant and collaborative work environment.
2. Metricsflow: Reinventing the Internet
Metricsflow exemplifies another flourishing tech company in Newfoundland. The brainchild of Isaac Adejuwon, a Nigerian immigrant pursuing his master’s degree at Memorial University, Metricsflow provides an AI-powered content marketing platform catering to B2B marketers. By analyzing online content consumption behavior, Metricsflow generates insights that enable marketers to optimize their content strategy, distribution, and overall performance, ultimately delivering personalized content experiences to target audiences — without the need for cookies.
Adejuwon’s entrepreneurial journey began at Genesis Centre, an innovation hub and startup incubator at Memorial University. This supportive environment equipped him with invaluable mentorship, funding, and essential resources to bring his vision to life.
I wrote about Metricsflow operation on my tech blog. Click this link to view.
3. Oliver POS: Streamlining Point-of-Sale Operations
Enter Oliver POS, a cloud-based point-of-sale (POS) software seamlessly integrated with WooCommerce, one of the world’s leading e-commerce platforms. Launched in 2018 by Danish entrepreneur Mathias Nielsen, Oliver POS has assembled a diverse and talented team of developers, designers, marketers, and customer support specialists who work remotely from various corners of the globe. Together, they’ve built an innovative solution that simplifies and enhances the retail experience for businesses operating on WooCommerce.
4. radient360: Digital Solutions for the Energy Sector
radient360, founded in 2012 by former engineer Colin Power, serves as an energy sector technology company specializing in digital solutions for asset management, operations optimization, and safety compliance. Leveraging data analytics and cloud computing, radient360 empowers energy companies to improve the efficiency and performance of their assets. With over 50 deployments and partnerships with industry giants like ExxonMobil, Husky Energy, Suncor Energy, and Shell, radient360 is making significant strides in transforming the energy sector.
Join Newfoundland’s Thriving Tech Community
Newfoundland and Labrador’s tech scene is booming, and these companies represent some of the best employers in the province. For more information, check out TechNL, a website dedicated to bringing together the tech community in Newfoundland.
