Cloud-based spa software provider Book4Time has made it onto the Profit 500 list of Canada's fastest-growing companies.

Ranking Canada's businesses by the amount of revenue growth over a five-year period, Book4Time placed 185th on the chart, after posting revenue growth of 348 per cent between 2012 and 2016.

The company recently expanded into fitness and activity booking for the hotel and resort market, and earlier this year invested in two new startups.

The two new companies added to the Book4Time portfolio are GuestIntake.com, an online health intake form system for the medical wellness market; and SpaExecutive.com, a digital industry publication to help leaders in the business of spa and wellness.

“This is an amazing achievement for us,” said Book4Time CEO Roger Sholanki.

“I’m so proud of what our team has accomplished in the past five years, and equally excited about the next five, because this is only the beginning of what we expect to be an incredible growth period.”

Book4Time specialises in spa, fitness and activity booking and currently has customers in 60 countries and more than 25,000 daily users recording 1.5 million appointments each month.