Owner of Sprott-Shaw Community College is One of Canada’s Fastest Growing

Profit Magazine recently ranked CIBT Group the 34th Fastest Growing Company in Canada.

CIBT is an education management company, with subsidiaries that include Sprott-Shaw Community College (established in 1903), Sprott-Shaw Degree College, CIBT School of Business China, and King George International College.

“On a number of occasions since 2003, CIBT Group has ranked in Profit Magazine’s list of the Top 200 fastest growing companies in Canada. CIBT Group has been improving in the rankings since 2010, from a 105th place ranking that year to a ranking of 39th in 2011, and most recently a 34th place ranking in 2012,” said Toby Chu, Vice-Chairman, President & CEO.

According to a recent news release, CIBT Group saw revenue growth of 1,133%, from $4.7 million to $58.6 million in the five years from 2006 to 2011.

“While we are pleased with our rapid growth during the past decade, despite the global financial crisis and poor economic conditions during the past few years, we remained vigilant, exercising carefully planned and responsible growth,” said Chu.

“Since 2010, we have executed several re-sizing strategies to accommodate our rapidly growing organization.”

Schools mentioned: Sprott-Shaw Community College