Beedie Capital Partners Announces $5.0 Million Growth Financing for FinancialCAD® CorporationVancouver, British Columbia - Beedie Capital Partners, a privately-held mezzanine debt and private equity fund, today announced a $5.0 million financing for FinancialCAD® Corporation ("FINCAD"), a leading provider of derivative analytics software tools to over 4,000 financial organizations globally. The $5.0 million financing is comprised of a convertible debenture and credit facility (all amounts in $CDN).
"Ongoing changes in financial regulations have placed unprecedented visibility and importance on risk management, particularly in areas such as pricing complex derivative products,” said Randy Garg, Managing Partner of Beedie Capital Partners. “Companies need highly flexible, accurate and reliable solutions to measure risk. As a long standing trusted vendor to the industry for the past 22 years, FINCAD is a proven go-to-solution provider for global corporations and financial institutions. We are delighted to add FINCAD to our expanding portfolio of seasoned high growth companies.”
Bob Park, President and CEO of FINCAD said, “Partnering with Beedie Capital Partners provides us with the additional capital needed to support our continued growth, and launch of an exciting new set of products allowing us to extend our capabilities to customers across the globe. Their highly flexible and less dilutive financing structure also enables us to address our financing needs over the years to come as we continue to adapt to our highly dynamic industry environment.”
In conjunction with the financing, Randy Garg will also become an advisor to FINCAD initially serving as an Observer to the Board of Directors. Randy brings over 20 years of investing, corporate finance and M&A experience working extensively with software and technology companies over this time.
About Beedie Capital Partners
Beedie Capital Partners ("BCP") provides highly flexible mezzanine finance and other debt and equity solutions for small to mid-market companies across a wide variety of industry sectors. Managed by a small core team of decision makers, BCP is highly responsive, creative and flexible with terms, timing and transaction structure. BCP has been actively investing since its establishment in early 2011, with 8 portfolio investments (current and past) and over $35 million invested to date since inception. BCP is fully-funded by Beedie Development Group, British Columbia’s largest private industrial landlord and developer, established in 1954. Please also visit www.beediecapital.com and www.beediegroup.ca for further details.
About FinancialCAD® Corporation
Founded in 1990, FINCAD provides advanced modeling solutions built on award-winning, patent pending technology. With more than 4,000 clients in over 80 countries around the world, FINCAD is the leading provider of financial risk analytics technology, enabling global market participants to make informed hedging and investment decisions. FINCAD provides software and services supporting the valuation, reporting and risk management of derivatives and fixed income portfolios to banks, corporate treasuries, hedge funds, asset management firms, audit firms, and governments. FINCAD Analytics can be accessed through Excel, MATLAB, as a Software-as-a-Service or embedded into an existing system through software development kits. Now, over 70 FINCAD Alliance Partners embed FINCAD Analytics within their solutions. FINCAD provides sales and client services from Dublin, Ireland, and Vancouver, Canada. Please visit the company website at www.fincad.com.
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