Burlington's EcoSynthetix and Ottawa's Protus get top nods for
innovation and deal of the year
TORONTO, May 2 /CNW/ - Two Ontario-based high tech companies are the top
winners of PwC's inaugural Vision to Reality Awards program that celebrates growth and innovation in Canada's emerging
Burlington-based EcoSynthetix was selected as the 2011 Innovator of the Year Award winner by a group of industry panellists based on its innovation in
bio-based technologies, financial performance and strategic direction.
Ottawa-based Protus won the Exit of the Year Award for striking the most lucrative deal for a private Canadian technology
company in 2010 with j2 Global Communications' US$213 million
acquisition of the company in December 2010. Both companies will be
honoured at PwC's 2011 Connecting Vision to Reality Conference on May
11, 2011 in Toronto.
"The Innovator of the Year Award recognizes Canada's EcoSynthetix as an
emerging tech company with staying power," says Peter Matutat, National
Leader of PwC's Emerging Company practice. "EcoSynthetix stood out for
its innovative green products that have generated strong revenue growth
and demonstrated success in the market."
EcoSynthetix is a supplier of biolatex emulsions, which aim to help
customers reduce their reliance on petroleum-based products. "It's a
great honour to be selected for this year's PwC Innovator of the Year
Award," said John van Leeuwen, CEO of EcoSynthetix Inc. "It's very
gratifying to see how EcoSynthetix' innovative biolatex binder
technologies have struck a chord with our customer base, while at the
same time being able to contribute to significant carbon footprint
reductions as we displace traditional petroleum-based materials."
Ottawa-based Protus is a provider of high quality software-as-a-service
(SaaS) communications tools for small to enterprise-sized businesses.
Since December 2010, the company now operates as a wholly-owned
subsidiary of US-based j2 Global Communications Inc. "This exit
validates what a great SaaS business can do and we're very pleased
about this acknowledgement of our exit result. We built a company with
excellent people and good fundamentals - a valuable product
proposition, strong sales, high customer retention and a sound
management team," says Tom Martin, former CFO, Protus.
"Protus has been recognized for its recent blockbuster acquisition by a
global firm, which is what many emerging Canadian technology companies
aspire to achieve," says PwC's Matutat. "This really demonstrates that
Canadian software companies are highly-regarded and that our home-grown
skills are in hot demand. What a great example of a company turning
their vision into reality."
More than 70 Canadian companies applied between February 10, 2011 and
March 31, 2011 for the Innovator of the Year Award. EcoSynthetix was among the five finalists selected for the Innovator of the Year Award by an independent panel of judges. Other finalists included: Cavet
Technologies Inc., Calgary Scientific Inc., IntelliView Technologies
Inc. and Ostara Nutrient Recovery Technologies Inc. The Exit of the Year Award was selected based on the highest-valued deal in 2010, determined by
The top two winners-EcoSynthetix and Protus-will be honoured at PwC's
2011 Connecting Vision to Reality Conference on May 11, 2011 in
This year's selection committee included the following members of
Canada's technology and financial communities:
Derek Peper, Global VP Alliances, RIM
Rick Moscone, Partner, Securities Law Group, Fogler, Rubinoff LLP
Mark Usher, Partner, Wellington Financial LP
Howard Gwin, Partner, Bridgescale Partners
Mark Stirling, Vice President, Investments, Growthworks Capital
PwC's Connecting Vision to Reality 2011 Conference
Connecting Vision to Reality 2011 (http://www.pwc.com/ca/cv2r) is PwC's eighth annual one-day conference for CEOs of emerging
Canadian technology companies. This year's conference is on May 11,
2011 at the Ted Rogers School of Management, 55 Dundas Street West,
Toronto. The speaker roster includes notable industry experts like
keynote speaker Jeremy Gutsche, founder of TrendHunter.com. The results
of PwC's 2011 Report on Emerging Canadian Technology Companies will also be released at the event. Accredited media are invited to
attend. Please contact Kiran Chauhan, (416) 947-8983, firstname.lastname@example.org or David Rowney, (416) 365-8858, email@example.com for more information.
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ECOSYNTHETIX® is a global supplier of innovative biopolymers suitable
across a wide range of industries, including paper and paperboard
products, architectural coatings, adhesives, carpet backing and others.
Headquartered in Burlington, Ontario, the company was founded in 1996
to develop high-technology, bio-based materials having performance
capabilities equal to or superior to those of traditional
petroleum-based products, while also offering significant carbon
ECOSYNTHETIX® has developed an extensive patent estate covering several
different bio-based technology platforms. The company's flagship
product line, trademarked EcoSphere® biolatex® binders, represents a
breakthrough in clean technology products that has culminated in the
production of the world's first and only waterborne biopolymer latex
derived from renewable raw material feedstocks, such as corn or potato
starches. This sustainable, disruptive technology has demonstrated
excellent commercial success in displacing traditional petroleum-based
For further information:
Jessica Draker, PwC
Tel: (613) 618 2054
Kiran Chauhan, PwC
Tel: (416) 947 8983