3 current and former Brighter Future Fund holdings are in the top 20
fastest growing tech companies of the past 5 years
TORONTO, Sept. 29 /CNW/ - VentureLink Funds is honoured that three of its
portfolio companies were listed in the top 20 as recipients of the 2008
Deloitte Technology Fast 50(TM).
SCI Ltd. (formerly Strategic Connections Inc.) ranked No. 17, is the
market leader in retail process solutions for the automotive retail channel,
through the current offerings of lead consolidation, delivery, lead and
lifecycle management products. The Company currently supports in excess of
6,500 automotive dealers in the United States and Canada.
Dragonwave Inc. ranked No. 15, also honoured as No. 32 in 2007, is a
leading innovator who designs, develops, markets and sells carrier-grade
microwave equipment offering high capacity broadband wireless systems for
network operators and service providers. The company has achieved customer
recognition for quality, innovation, and technical advances in delivering
native Ethernet wireless point-to-point networks for the transport of voice,
video and data.
PlateSpin, Ltd. continues to hold its rank at No. 2, also received the
CVCA 2008 'Deal of the Year' Award this week after its acquisition by Novell,
Inc. The Company develops software technology that enables centralized and
remote configuration installation, rapid deployment and life-cycle management
of server software and hardware enabling easier installation and management
helping reduce IT capital, HR and energy costs.
26 of the 50 companies that comprise the top 50 are Ontario based. Of
those, we are proud to say that 53% are backed by Retail Venture Capital Funds
About the Deloitte Technology Fast 50
The Deloitte Technology Fast 50 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 50 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 50 candidate), Leadership Awards (companies
that demonstrate technological leadership in four industry subcategories;
hardware/semiconductor, software, telecommunications and emerging
technologies) and the Deloitte Technology Green 15 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).
For more information, please visit: www.fast50.ca
With approximately $280 million under management, VentureLink Funds are a
diverse group of labour-sponsored funds ("LSIF"). The group was a pioneer in
bringing funds focused on mezzanine debt to the LSIF market, a conservative
approach that provides investors benefit from the security of debt positions
along with the growth potential of participating equity.
VentureLink Funds give investors access to well-diversified portfolios of
established companies operating in traditional industries such as financial,
manufacturing and service industries as well as dynamic industries like
The Manager of Funds maintains a strong relationship with CI Financial
Inc., who performs client services and client account administration for the
Funds. For more information, please visit: www.venturelinkfunds.com.
For further information:
For further information: John Varghese, Managing Partner, VentureLink
LP, (416) 681-6371