The 2008 Deloitte Technology Fast 50(TM) were
made public earlier today. Wellington Financial LP is honoured to see our
portfolio companies claim seven of the Fast 50 spots, with six of the top
eleven positions going to existing Wellington Financial Fund III portfolio
companies.
Ontario-based Nightingale Informatix Corporation, a healthcare service
and software company, was ranked No.1 with revenue growth of 23,078% over the
last five years. Six other Wellington portfolio companies made the Fast 50
list: Vancouver-based Vision Critical is No.5, up from No.15 in 2007.
Montreal-based Oz Communications Inc. is No.8, Mississauga-based
Brandimensions Inc. is No.9, Toronto-based Impact Mobile Inc. is No.10,
Ottawa-based BTI Systems Inc. is No.11, and Toronto-based Truition Inc. came
in at No.32, up from No.34 in 2007.
“The Canadian technology marketplace has embraced our True Growth
Capital(R) funding model. The fact that six of Canada’s 11 fastest-growing
technology firms are benefiting from our capital speaks to the many benefits
of our non-amortizing venture debt,” said Mark McQueen, President & CEO of
Wellington Financial. “We join our partners in congratulating all of the 2008
winners. We view the Deloitte Technology Fast 50 as an important milestone for
any well run firm.”
Wellington Financial LP is currently managing a $400 million investment
program via Wellington Financial Fund III. Since Fund III began operation in
September 2006, Wellington Financial LP has led approximately $160 million of
transactions, making it the most active fund of its kind in Canada.
