Toronto's
Chango, a media company dedicated to "search retargetting"—serving display ads to customers based on their recent search activity after they have left Google, Bing and Yahoo—has been growing quickly. This year they were named to the
Deloitte Fast 50 "
companies to watch" list of Canada's fastest growing technology startups.
The pace of growth is likely to accelerate soon, as the federal government agency FedDev Ontario
recently announced an investment in the company of $978,333 to support research into real-time bidding software and finance growth. Chango says the investment will lead to 37 new hires at its Toronto offices.
"The funding will be used to accelerate our growth plans into the fast-growing search retargetting space," CEO Chris Sukornyk said in the announcement. "We appreciate the support from FedDev Ontario to retain technology start-ups in Canada."
Writer: Edward Keenan
Source: Chris Sukornyk, CEO, Chango; Gary Toft, Ministry of Economic Development