TORONTO, Oct. 1 /CNW/ - For more than a decade, the 2009 Deloitte Technology Fast 50(TM) has highlighted the world class nature of Canada's technology sector. Wellington Financial LP is honoured to see current portfolio companies claim six of the Fast 50 spots, which were announced earlier today.
"For the 2nd consecutive year, six of Canada's fastest-growing technology firms are Wellington Financial portfolio companies," said Mark McQueen, President & CEO of Wellington Financial. "The Canadian technology marketplace has embraced our True Growth Capital(R) funding model. It clearly serves a company's needs in weak, or strong, economic times."
Wellington portfolio companies on the Fast 50 list: Toronto-based Impact Mobile is No.5 with revenue growth of 5,507% over the last five years up from No.10 in 2008. Vancouver-based Vision Critical is No.6, Kanata-based BelAir Networks is No.10, Markham-based Nightingale Informatix at No.11 was last year No.1 on the Fast 50, Ottawa-based BTI Systems is No.20 and Calgary-based Wmode is No.42.
Wellington Financial provides term and operating loans for growth companies, as well as traditional subordinated debt, stretch senior and asset based loans across most industries within Canada and the United States.
"Canadian technology companies have demonstrated some very impressive growth numbers over the past year, amid the challenges of a global recession," said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. "These companies are examples of the determination, drive and skill that will serve to position them for further growth and success as the economic recovery takes hold."
Over the coming days and weeks, Wellington Financial will be attending/sponsoring growth capital conferences in Banff, Quebec City, Boston, Washington, Philadelphia and Atlanta.
About Wellington Financial LP
Wellington Financial LP is a privately held specialty finance firm providing operating lines of credit, term, venture and amortizing loans up to $40 million. Wellington Financial LP is currently deploying a $400 million investment program via its third fund. Wellington Financial LP is managed by a partnership controlled by fund management and Clairvest Group Inc. (CVG:TSX), who jointly have contributed a large financial stake to Fund III. Limited partners include several of Canada's largest institutional investors, crown corporations, financial institutions and pension funds. Please visit the fund website at www.wellingtonfund.com, or the Wellington Financial team blog at www.wellingtonfund.com/blog.
About the Deloitte Technology Fast 50
About the Deloitte Technology Fast 50TM - The Deloitte Technology Fast 50TM program is Canada's pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features four distinct categories including the Technology Fast 50TM Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than five years, with the potential to be a future Deloitte Technology Fast 50TM candidate,) Leadership Awards (companies that demonstrate technological leadership in four industry subcategories: hardware/semiconductor, software, telecommunications and emerging technologies) and the Deloitte Technology Green 15TM Awards (Canada's leading GreenTech companies that promote a more efficient use and re-use of the earth's resources in industrial production and consumption.) Program sponsors include Deloitte, Gowlings, GrowthWorks, RBC, Wellington Financial, Stonewood Group, HKMB Hub, CATAAlliance, CleanTech Group, IGLOO, ITAC, MaRS and Microsoft. For further information, visit www.fast50.ca.
SOURCE Wellington Financial LP
For further information: For further information: Amy Olah, Marketing Manager, Wellington Financial LP, Tel: (416) 682-6002, firstname.lastname@example.org