Beedie Capital Partners Provides $5.0M Growth Financing for ResponseTek Networks Corp.
Founded initially in 1999, ResponseTek is the leader in enterprise customer experience management software solutions. ResponseTek has consistently been recognized in a leadership position by numerous industry analyst firms and trade publications, as a Deloitte Technology Fast 500 award recipient, and as one of Canada’s fastest growing companies by Profit Magazine, with 5-year revenue growth of 220 percent.
Randy Garg, Managing Partner of BCP commented, “We are very excited by the opportunity to invest in ResponseTek. We feel the industry and ResponseTek both have tremendous room for growth as customer interactions received through today’s myriad of online, mobile and traditional channels are increasingly affecting enterprise-wide decision making. ResponseTek is a recognized pioneer and leader in this space working with blue chip global customers across key verticals such as telecom and financial services.” Randy also joins the ResponseTek Board of Directors with completion of the financing.
Syed Hasan, president and CEO of ResponseTek commented, "This investment will allow the company to accelerate its growth initiatives through the expansion of our global sales and marketing efforts, and further build on a number of the key verticals we lead in today. We were also keen to look at hybrid financing options that provided us with the required capital while controlling overall dilution to existing shareholders given our later stage of development. We found this with BCP and are excited to have a partner of this caliber join us as we continue to grow."
About Beedie Capital Partners
Beedie Capital Partners ("BCP") provides highly flexible growth financing 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 13 portfolio investments (current and past) and nearly $70 million invested or committed 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.
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