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Subscription-based products were emphasized, and clients were quickly migrated to them whenever possible 3- A unique bonus program was implemented for staff (except the owners) to encourage cross-functional teamwork, employee acquisition and retention. It was not uncommon for a receptionist to be awarded a bonus of nearly 100% annually.
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The company grew out of its original single-room office at 196 Spadina Avenue in
Toronto's Chinatown to occupy 35,000 square feet and 3 floors of space at 175 Bloor Street East within 6 years. Headcount in February 2006 at the time of acquisition was approximately 200 full-time employees in Toronto,
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The company was founded in 1998 by Bob (Babak) Bahador and Ash Vahman. The company differentiated itself from its competitors at the time in three key ways: 1- It was one of the earliest providers of data covering global medical markets (not just the US and large
European countries) 2-
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MRG was featured in "Profit
Magazine's" listing of the 100 fastest growing companies in Canada for 3 years (2004, 2005, 2006) before it was no longer eligible due to being acquired by a US-based entity.
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MRG was internally funded by its earnings and received no venture capital funding.
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in addition to contract-workers in Canada and abroad.
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