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Nakisa CEO Babak Varjavandi Selected as EY Entrepreneur Of The Year 2018 Quebec Finalist


MONTREAL, Canada – July 5, 2018 Nakisa, a global leader in enterprise business technology, today announced that company CEO, Babak Varjavandi, has been selected as an EY Entrepreneur Of The Year ® 2018 finalist in the Quebec program. The Quebec finalists will come together on November 1, 2018 in Montreal, where EY will name one winner in each of the 10 categories selected by the independent panel of judges.

This prestigious award recognizes entrepreneurs who are excelling in areas such as innovation, financial performance and commitment to their businesses and communities. “With digital advances underpinning changes in the market, it’s no surprise that each year we see the use of technology and data analytics to deliver innovation weave deeper into the group of finalists,” says Daniel Baer, EY Entrepreneur Of The Year Québec Program Co-Director. “Entrepreneurs in Québec recognize the digital opportunity – and are moving with speed and agility to drive growth.”

Since the launch of its first software solution in 2001, Nakisa has become a market leader in organizational, talent and financial management solutions. As Founder and CEO, Babak plays an instrumental role in overseeing the strategic direction of Nakisa and in bringing innovative products to the HCM and financial industries.

“I am humbled to be included as a finalist amongst this impressive group of entrepreneurs for this prestigious award. Through this process, it’s been an honour to tell my story and share the passion and drive behind this remarkable company”, said Babak Varjavandi, CEO, Nakisa. “Nakisa’s tremendous growth is a testament to our incredible employees, customers, and partners. Our focus continues to be on innovating our solutions to deliver outstanding value to customers for their lease accounting and organizational design projects”.

For years Babak has led Nakisa’s efforts in creating solutions that meet the needs of the market. In 2013, following developments from the IASB and FASB, Babak anticipated a market need for a lease accounting solution. In 2015, it was announced that new lease accounting standards IFRS 16 and ASC 842 would come into effect on January 1, 2019. Since then, Nakisa has become a market leader in the lease accounting space with its solution Nakisa Lease Administration. Validated by Big 4 accounting firms, Nakisa Lease Administration is an end-to-end lease accounting and management solution designed to support organizations on their journey to compliance. With deadlines fast approaching, Nakisa’s ability to act quickly to evolving customer needs has been imperative.

Nakisa has also been a significant player in the HCM technology industry for many years with its solution Nakisa Hanelly. Hanelly is a single solution to unify HR data, view organizational structures, assess key HR analytics and plan organizational transformations.

More information

Visit for more information about Nakisa’s software solutions for lease accounting and organizational design

Visit for more program details and information on how to attend one of the regional galas across the country.

About EY Entrepreneur Of The Year

EY Entrepreneur Of The Year is the world’s most prestigious business awards program for entrepreneurs. The program makes a difference through the way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global awards program of its kind, Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 145 cities in more than 60 countries.

The 2018 Québec independent judging panel consists of Andrew Richardson, President, Targray; Claudine Labelle, President & Founder, Fillactive; Jacques Foisy, President & Managing Partner, Novacap; Jean-Yves Germain, Co-President, Groupe Germain Hôtels; Marie-Anne Tawil, President & CEO, Iron Hill Investments Inc.; Marie Josée Lamothe, Managing Director – Québec, Google Canada; and Martin Deschênes, président de l'École d'Entrepreneurship de Beauce.

This year's program national sponsors are Ici RDI, The TMX Group, The Globe and Mail Inc., Media One, Merrill Corporation, Kira Talent, Air Canada and The Printing House Limited.

About EY

EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

For more information, please visit Follow us on Twitter @EYCanada.

EY refers to the global organization and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit

About Nakisa

A global leader in enterprise business solutions for Organization Transformation and Lease Administration, Nakisa delivers innovative, forward-thinking and robust human resource and financial management solutions that advance your business strategies.

Working with a global network of partners and as one of the few Solution Extension (SolEx) partners of SAP® since 2007, Nakisa serves 800+ enterprise customers and over 4 million subscribers in 24 industries. Nakisa is proud to work with some of the world’s most renowned brands.

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Further Reading


Nakisa Workforce Planning

Nakisa Finance

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Nakisa HR suite

Nakisa Lease Administration