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Ventures West Portfolio Companies Top Investor’s Choice Awards at Canadian IT Financing ForumVANCOUVER, Nov 5 - Two Ventures West portfolio companies walked away with the coveted Investors´ Choice Awards at the recent Canadian IT Financing Forum held in Vancouver, November 4th and 5th. Facing strong competition from 38 IT companies from across Canada that were selected to present at the event, the award winners were chosen by more than 60 Canadian and American venture capital investors gathered there. This year´s Investors Choice Award winners are Quadrus Financial Technologies (www.quadrusfinancial.com), a Vancouver-based company developing next-generation financial software for the pricing, analysis and risk management of financial derivatives and Wavemakers Inc. (www.wavemakers.com), also from Vancouver, that develops software which can improve and optimize voice quality for automotive, PDA and consumer electronics applications. Wavemakers is also distinguished by being the first two-time winner of the Forum Investors Choice Award, having also won in 2000. "We are proud to have been selected as the ´Investors Choice´ at this year´s forum," said Peter van der Gracht, Chairman and CEO of Wavemakers Inc. "Wavemakers has been honoured twice with this award as we continue to distinguish ourselves as a growing company with the expertise needed to be the best of breed solution for noise cancellation and voice enhancement in embedded applications. Ventures West, together with the support and direction of Sam Znaimer, continues to provide us with the resources needed to reach our research and development, marketing and financing targets." "Wavemakers, once again, stands above the competition in terms of technology, management team and market potential," says Sam Znaimer, Senior Vice President of Ventures West and a Director of Wavemakers. "Customers, strategic partners and now investors have recognized the value and commercial strength of Wavemakers products and services." Quadrus Financial Technologies´ was also recognized for its expertise and vision in information technology. The award distinguishes Quadrus as one of Canada´s most attractive high-growth companies. “Quadrus is greatly honored to be selected as Investors’ Choice, particularly given the very high-quality of the other candidates.” says Dr. Glen Donaldson, Quadrus Financial Technologies’ President & CEO. “The fact that Quadrus Financial Technologies was selected as the Investors’ Choice by a large group of some of North America’s most influential venture capitalists is a very positive sign that they have an opportunity not only of interest in Canada, but also internationally,” says Peter Standeven, President of CanadaIT.com, co-host of the Canadian IT Financing Forum. “This speaks volumes about the company’s expertise and vision—not to mention the strong belief in the market potential for its risk analytics and financial science software.” The Canadian IT Financing Forum is the leading showcase for information technology venture capital investment in Canada. It was founded in 1995 as a joint venture between MacDonald & Associates, a Toronto-based firm that tracks the investment activity in the venture capital and private equity markets and CanadaIT.com, the leading Web gateway to news and information concerning the Canadian IT industry.
For more information contact: Christine Ramsay |
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