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Wave Accounting Named to CIX List of Most Innovative Companies

Toronto, CA -( November 10, 2011) – Wave Accounting [1] was named one of Canada’s Most Innovative Companies by the Canadian Innovation Exchange (CIX). In an announcement this morning at the TSX, the CIX revealed its Top 20 hottest innovative companies working in Digital Media and Information and Communication Technology. The annual list comprises an elite index of the most forward-looking companies in Canada. “We’re honored that CIX has included us on their 2011 list,” says Kirk Simpson, president and CEO of Wave. “We consider innovation to be an essential ingredient in what we do, both in our technology and our business practices. It’s great to be recognized for this among such strong Canadian innovation leaders.” Wave Accounting’s 100% free accounting application [2] is the fastest-growing online financial tool for small businesses. In less than one year, Wave has signed up almost 100,000 small businesses in 198 countries. Wave generates revenue by presenting customers with ultra-targeted, privacy-protective advertising.  Advertising partners to date include American Express, Grand & Toy, Dell and several dozen others. Today’s announcement identified the CIX Top 20, all of which will present at a live showcase on December 1, 2011. At that event, delegates will buy, sell, and trade virtual shares in the Top 20 companies, with each company’s virtual value rising and falling based on the strength of their and the competitors’ presentations. The company with the highest stock value at the end of day will be recognized as the People’s Choice Company. “CIX has put together a great event and a fabulous list of companies,” says Simpson. “The event will illustrate just how strong innovation in Canada is, and give Wave and the CIX Top 20 companies an important platform to show how we’re disrupting the status quo while building some of the world’s most interesting companies.” About Wave Accounting Based in Toronto, [3] is a free online accounting program for small businesses with 9 employees or less. Wave offers real, ridiculously easy accounting with unlimited invoicing and expense tracking, accountant-friendly tools and reports, personal finance and more—all completely free. Wave launched in November 2010, and recently won Deloitte’s Companies-to-Watch award. Sign up at About CIX The Canadian Innovation Exchange (CIX) is the foremost destination for key leaders in the innovation economy to learn from one another, explore relationships, and accelerate the development of the ground-breaking technologies, products and services propelling the Canadian economy into the future. Visit [4] [1] [2] [3] [4]

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