Cambridge Global Payments Recognized as One of Canada's Best Managed Companies

Global Leader in Cross-border Payment Services and Hedging Solutions Recognized for Innovative Strategies and Outstanding Business Performance

TORONTO, March 9, 2017 /CNW/ - For the second year in a row, Cambridge Global Payments ("Cambridge"), a leading provider of integrated cross-border payment services and hedging solutions, is recognized as one of Canada's Best Managed Companies in 2017. The 2017 Best Managed program honours the best-in-class of Canadian-owned and managed companies with revenues over $15 million demonstrating strategy, capability, and commitment to achieve sustainable growth.

"Cambridge had an exceptional year in 2016, achieving several milestones along the way," said Gary McDonald, Chief Executive Officer of Cambridge Global Payments. "A major highlight was the launch of our newly refreshed and rebranded online trading platform, Cambridge Link. Cambridge Link is designed with the latest technology and offers clients a new level of online functionality and friendly user experience. We also made significant headway in our plan to establish the Cambridge brand in more markets around the world, opening operations in Spain, France and Italy, further expanding our European presence."

"Our journey over the past 25 years has been truly extraordinary," continued McDonald. "In the past two decades we have grown from a regional foreign exchange brokerage to a global industry leader in B2B cross border payments and hedging solutions. This is a tribute to the efforts of our leadership team and skilled employees. We are extremely proud to be recognized as one of Canada's Best Managed Companies for a second consecutive year."

Cambridge's strategy is centred on continuous innovation by developing customized technologies designed to automate the end-to-end cross-border payment process, establishing a world class portfolio of foreign exchange payment and hedging solutions, and enhancing the skill and knowledge of the entire Cambridge workforce.

"It's much more than just financial performance," said Lorrie King, Partner, Deloitte and Co-Leader, Canada's Best Managed Companies program. "The ingredients to success also include overall business performance and sustained growth. It takes dedication and commitment from the entire organization."

2017 winners of the Canada's Best Managed Companies award will be honoured at the annual Canada's Best Managed Companies gala in Toronto on April 19, 2017.  On the same date, the Best Managed symposium will address leading-edge business issues that are key to the success of today's business leaders. 

The Best Managed program is sponsored by Deloitte, CIBC, Canadian Business, Smith School of Business and MacKay CEO Forums. 

About Cambridge Global Payments
Cambridge Global Payments is a leading provider of integrated cross-border payment services and hedging solutions. As a trusted partner for close to 25 years, Cambridge delivers innovative solutions designed to mitigate foreign exchange exposure and address unique business needs. Our award-winning capabilities and industry-leading technologies simplify the way businesses connect with the global marketplace. As one of the largest bank-independent providers globally, we are flexible and responsive, with offices across North America, Europe, and Australia. Learn more at cambridgefx.com and follow us on Twitter and LinkedIn.

About Canada's Best Managed Companies
Canada's Best Managed Companies continues to be the mark of excellence for Canadian-owned and managed companies with revenues over $15 million. Every year since the launch of the program in 1993, hundreds of entrepreneurial companies have competed for this designation in a rigorous and independent process that evaluates their management skills and practices. The awards are granted on four levels: 1) Canada's Best Managed Companies new winner (one of the new winners selected each year); 2) Canada's Best Managed Companies winner (award recipients that have re-applied and successfully retained their Best Managed designation for two additional years, subject to annual operational and financial review); 3) Gold Standard winner (After three consecutive years of maintaining their Best Managed status, these winners have demonstrated their commitment to the program and successfully retained their award for 4-6 consecutive years); 4) Platinum Club member (Winners that have maintained their Best Managed status for seven years or more). Program sponsors are Deloitte, CIBC, Canadian Business, Smith School of Business and MacKay CEO Forums. For further information, visit www.bestmanagedcompanies.ca.

SOURCE Cambridge Global Payments

For further information: Gwen McGuire, Kaiser Lachance Communications, Phone: 416-948-6500, Email: gwen.mcguire@kaiserlachance.com; Brad Loder, VP, Marketing & Corporate Sponsorships, Cambridge Global Payments, Phone: (416) 646-6401 ext. 2392, Email: bloder@cambridgefx.com

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