This year’s Canadian entrant for the EY World Entrepreneur Of The Year award in Monaco was Germain Lamonde, who founded fibre telecommunications company Exfo in 1985, two years after the invention of the modern internet.
Exfo provides independent auditing tools for global fibre-optic service providers. It’s a true Canadian global success story, and yet, I’ll confess that I’d never heard of the Quebec City-based company until this week while attending the awards. The firm boasts a 40 per cent global market share, with 2,000 employees and a presence in over 35 countries.
As an independent provider of quality testing for the latest telecommunication technologies—including 5G—the Canadian company now sits at the epicentre of the global trade war between the United States and China. The latter country is among Exfo’s top three in revenues, and the company has a factory in Shenzhen.