[RICHMOND HILL, ON] March 11, 2023—Compugen Inc., the nation's largest privately-owned and operated Technology Ally, is proud to announce its financial performance for the fiscal year 2023, marking yet another milestone in the company's march to a Billion; the rallying phrase coined to describe Compugen’s strategic plan to be a billion-dollar business by 2025. With total annual revenue surpassing $810 million CAD, Compugen has set a new company record, demonstrating robust growth and resilience amidst a dynamic market landscape.
Building upon its strong foundation, Compugen witnessed remarkable expansion in 2023 marked by Advanced Solutions growth of 17%, the strategic acquisition CPU—a leader in delivering IT infrastructure Products and Services across Québec and Ontario—as well as the unveiling of a transformative brand update. This performance underscores Compugen's commitment to being a trusted partner, guiding customers through the entire IT lifecycle—defined in the tagline Dream, Design, Deliver—and providing experience by design tailored to meet the evolving needs of its diverse customer base.
"I am incredibly proud of our team for their dedication and hard work in achieving these remarkable results," Harry Zarek, President of Compugen Inc., remarked. "Their commitment to excellence and innovation has solidified our position as an industry leader. This team is focused on guiding customers into the future—leveraging AI-driven solutions—and providing tailored support that anticipates and meets their evolving needs."
Looking ahead to 2024, Compugen remains steadfast in its commitment to excellence, with a strategic focus on fostering further growth in its services businesses. With aspirations to become a billion-dollar revenue company by 2025, Compugen is poised to capitalize on emerging opportunities and reinforce its position as the largest Technology Ally in the Canadian market.
"Success is about more than revenue growth; it's about empowering our customers to embrace the future with confidence," says Harry. "With unwavering dedication and innovative thinking, we're not just a products, software, and service provider—we're a Technology Ally in transforming dreams into delivery."
This customer-centric approach underscores Compugen's unwavering commitment to delivering value and driving sustainable growth.
In addition to its financial success, Compugen remains deeply committed to sustainability and corporate citizenship. The company's ongoing initiatives, including the award-winning Green4Good program, exemplify its dedication to environmental stewardship and community engagement. Through partnerships with non-profits and Indigenous communities, Compugen continues to make a positive impact and create meaningful change across Canada.
As Compugen looks towards 2025 and beyond, its dedication to innovation, service excellence, and corporate responsibility will continue to serve as guiding principles, propelling the company to new heights of success.
About Compugen, Inc.
As Canada’s largest privately-owned and operated Technology Ally, we help organizations realize new possibilities. To innovate industries, transform businesses, connect communities, and drive meaningful change, we must think bigger, reach broader, and act bolder. Through knowledge, curiosity, and collaboration, Compugen helps organizations delivering experience by design. This is what it means to be human-centered and technology-enabled. Get an ally in your technology journey. Visit www.compugen.com to start now.
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