Tag: SaaS

23
Oct

Assent Compliance Receives Over $100 Million (CAD$130 Million) Growth Equity Investment from Warburg Pincus

OTTAWA – October 23, 2018 – Assent Compliance (“Assent” or “the company”), the Ottawa-based leader in supply chain data management software, today announced the receipt of an over $100 million (CAD$130 million) investment from Warburg Pincus, a leading global private equity firm focused on growth investing. The investment will enable Assent to enhance its proprietary software and supply chain data management platform, while expanding its product compliance, vendor management and corporate social responsibility solutions. Justin Sadrian and Sam Lipsick from Warburg Pincus will join Assent’s Board of Directors.

This investment is Assent’s third funding round in three years and highlights it as one of Canada’s most successful SaaS companies. Assent raised CAD$20 million in a Series A round in 2016 and CAD$40 million in a Series B round in 2017, which have fuelled its rapid growth to more than 400 employees across three continents.

Assent provides cloud-based enterprise supply chain data management software and solutions – available through the Assent Compliance Platform – to help companies manage and reduce global third-party market access, reputational, financial and operational risks. Serving hundreds of corporate customers and hundreds of thousands of suppliers around the world, Assent’s solutions automate supply chain data management to increase supply chain transparency and respond to the significant volume of data and regulatory requirements faced in today’s global marketplace. Assent’s platform is supported by a world-class team of regulatory and supplier management experts, providing exceptional supply chain data program management.

“We are thrilled to partner with Warburg Pincus – one of the leading growth equity firms in the world,” said Andrew Waitman, CEO of Assent Compliance. “Warburg’s enviable software domain experience complements our remarkable supply chain data management expertise and will help accelerate Assent’s rapid growth. Their thoughtful selection of Assent reinforces our market leadership and will enable us to continue to deliver innovative solutions that protect companies from third-party risks within their supply chains.”

“Assent’s innovative technology offerings and unmatched regulatory expertise have supported the company’s rapid growth, and cemented its leadership position in the supply chain data management sector,” said Justin Sadrian, Managing Director, Warburg Pincus. “The company has taken supply chain transparency to a new level and created a clear category-leading platform. In doing so, Assent has earned an outstanding reputation for providing world class solutions and client support – making Assent the partner of choice for enterprise and mid-market companies around the world. We look forward to working with Assent’s leadership team as the company embarks on its next chapter of growth.”

Assent Compliance has emerged as a remarkable success story in the Canadian software and technology industry,” said Richard Black, Partner, OpenText Enterprise Apps Fund (OTEAF). “We identified Assent three years ago as a company with great opportunity, strong leadership and a clear vision for strategic growth. Warburg Pincus’ investment is a testament to Assent’s ability to execute against that vision and achieve its place as the global leader in its space. This marks a new chapter for one of Canada’s best and most exciting companies to watch, and we look forward to continuing to be a part of it.”

BDC Capital, Greenspring Associates, OpenText Enterprise Apps Fund, and Volition Capital will all remain investors in the company, reflecting their continued confidence in Assent and its growth potential. Members of Assent’s management team will also retain an ownership stake.

About Assent Compliance
Assent Compliance is the global leader in supply chain data management. Combining leading-edge technologies with extensive supply chain expertise, Assent provides SaaS solutions that manage third-party data to protect corporate brands, increase market accessibility, and reduce operational and financial risk. For more information, please visit www.assentcompliance.com.

About Warburg Pincus
Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $47 billion in private equity assets under management. The firm’s active portfolio of more than 170 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. The firm has been an active investor in the enterprise software sector, with current investments including Avalara, DocuTAP, Dude Solutions, Duetto, Liaison International, and NEOGOV. Founded in 1966, Warburg Pincus has raised 17 private equity funds, which have invested more than $70 billion in over 835 companies in more than 40 countries. The firm is headquartered in New York with offices in Beijing, Hong Kong, Houston, London, Mumbai, San Francisco, São Paulo, Shanghai and Singapore. For more information, please visit
www.warburgpincus.com.

About OpenText
The OpenText Enterprise Apps Fund (OTEAF) was formed in 2015 and invests in emerging Canadian technology companies that are building disruptive, enterprise applications that leverage the power of the internet, big data, predictive analytics, machine learning and mobility. The founding partners of OTEAF have been involved with over 25 technology companies as founders, executives, advisors or investors with a track record of successful growth and premium returns.

Contacts
Assent Compliance
Matthew Desrosiers
(613) 315-0761
matthew.desrosiers@assentcompliance.com

Warburg Pincus
Pam Greene / Jenny Gore
Sard Verbinnen
(212) 687-8080 WP-SVC@sardverb.com

OpenText Enterprise Apps Fund (OTEAF)
Tony van Marken
(647) 271-4564
tony.vanmarken@oteaf.vc

12
Sep

Q4 Inc. Raises $38 Million in Series C Funding Round Led by Napier Park Financial Partners

Toronto and New York – September 12, 2018 – Q4 Inc., a leading global provider of cloud-based investor relations and capital market solutions, announced today the closing of a USD$38 million Series C financing round.

This round was led by Napier Park Financial Partners (Napier Park) with participation from existing investors including OpenText Enterprise Apps Fund (OTEAF), Information Venture Partners and Espresso Capital. The new funds will be used to support the continued development of the Company’s next generation, purpose-built investor relations CRM and analytics platform, expand global sales and marketing efforts, and pursue strategic acquisitions.

“Q4’s mission is to make our clients leaders in investor relations by delivering a superior product experience, best-in-class technology and first-rate customer support,” said Darrell Heaps, CEO of Q4. “We are excited to partner with the Napier Park team during this incredible period of growth for Q4. This capital will enable us to accelerate our product roadmap, pursue acquisitions, drive our global sales and marketing efforts, and continue executing on our vision of becoming a preeminent global capital markets platform.”

Since 2013, Q4 has been steadily expanding its capital markets platform and capabilities, building-out the industry’s premier IR CRM. This sophisticated analytics and workflow solution integrates quantitative and real-time shareholder analytics, AI targeting, pipeline management, and roadshow planning tools, as well as advanced website and event analytics. With the recent release of Studio, Q4’s next generation investor website platform, the Company has yet again raised-the-bar with the industry’s most capable, flexible and design-driven product.

“At Napier Park, we invest in and partner with the best and brightest in financial technology and are thrilled to be leading this round,” said Dan Kittredge, Partner at Napier Park. “We are excited to be partnering with Darrell and team — their technology-first approach to solving IR pain points, end-to-end solution set, and track record of exceptional customer service afford them a unique position to capitalize on secular, regulatory and competitive tailwinds. We are committed to supporting Q4’s growth strategy as they continue to bring innovative products to the market and execute on their long-term vision.”

Q4 is the industry’s only full-suite provider of IR solutions with a complete range of analytics, CRM, website, webcasting and professional services. With MiFID II disrupting how the sell-side provides services to corporates and the buy-side, Q4 is well positioned to provide its large and rapidly growing IR client base with the tools and advice to succeed in the post-MiFID world. With over 1,200 of the world’s top global brands leveraging Q4’s suite of IR solutions, Q4 remains the fastest growing and most exciting investor relations and capital markets provider in the industry.

“Having led Q4’s Series B round, we have witnessed the tremendous growth of the company, and the evolution of Darrell and his team in the execution of their strategy,” said Tony van Marken, General Partner at OTEAF and Chairman of Q4. “Q4 has continued to expand its customer base with some of the world’s largest public companies and now provides IR solutions to 25% of the S&P 500. With the macro trends benefiting the market and material shifts in their competitive landscape, we are excited to participate alongside Napier Park in this round and to continue to support Q4 in executing against their vision of growing into a dominant global capital markets platform.”

As part of this transaction, Dan Kittredge and Ned May from Napier Park will join the Q4 Board of Directors.

RBC Capital Markets acted as the Lead Placement Agent and Exclusive Financial Advisor to Q4 in connection with this transaction. Oslers provided legal services to Q4.

Media inquiries
Taryn Shulman, Q4 Inc.
VP, Marketing
416-540-9832
taryns@q4inc.com

About Q4 Inc.

Q4 is a leading global provider of cloud-based investor relations and capital market solutions. Q4 empowers customers to be leaders in IR through innovative technology and exceptional customer service. Our comprehensive portfolio of IR solutions, including quantitative and real-time shareholder analytics, IR desktop, websites, and webcasting arm industry professionals with the tools and insights required to run award-winning IR programs, make effective business decisions, and better engage with the street. Q4 has offices in New York, Chicago, Toronto, Copenhagen, and London. To learn more, visit: www.q4inc.com.

About Napier Park Financial Partners

Napier Park Financial Partners is the private equity group of Napier Park Global Capital, an alternative asset management platform with approximately $11 billion in assets under management. Napier Park focuses on investing in innovative, high growth companies at the intersection of financial services and technology-enabled products and services. Napier Park targets investments of $5 million to $30 million, with current and prior portfolio companies spanning the following industry subsectors – Payments, Banking and Lending, Insurance and Benefits, Asset and Wealth Management, and Business Services and Outsourcing. For more information, visit www.napierparkglobal.com/private-equity .

24
Apr

ThinkData partners with the Vector Institute to provide AI research platform

TORONTO, ON – ThinkData Works, Inc. (ThinkData) has announced a partnership with the Vector Institute (Vector) that will provide Vector AI researchers and partners with a platform for fundamental and applied AI research.

“There is a lot of potential to apply AI techniques to gain insight and create new business solutions using publicly available data,” says Bryan Smith, Co-Founder and CEO of ThinkData. “Researchers and developers end up spending more time searching, cleansing, and processing data than they spend building solutions and analyzing results. Through this partnership, we’re providing a platform that takes care of the not-so-fun part of working with data, enabling Vector researchers and partners to focus all of their efforts on advancing their research.”

ThinkData’s platform, Namara, hosts one of the largest repositories of publicly available open data in the world, providing standard access to hundreds of thousands of data sets released by providers ranging from governments and not-for-profits to large companies and startups. Vector’s partnership with ThinkData Works will launch this month with an initial focus on providing Vector researchers with new streams of public data.

Vector and ThinkData also plan on developing a private deployment of the Namara platform exclusively for Vector researchers and partner companies to facilitate research collaboration and joint solution development.
“Vector is one of the largest communities of researchers in the world who are at the leading edge of deep learning and machine learning research and development,” says Dr. Garth Gibson, President and CEO of the Vector Institute. “Our partnership with ThinkData Works will enable us to work with our partners to advance AI research and drive its application, adoption and commercialization across Canada.”

The platform will enhance Vector’s ability to work with partners on research and resources that could also be made available to the broader market to benefit whole industries through ThinkData’s public Namara platform.

Media Inquiries:
Lewis Wynne-Jones, ThinkData Works, Inc.
Head of Data Acquisition and Partnerships
lewis@thinkdataworks.com

About ThinkData Works
Founded in 2014, ThinkData Works focuses on the aggregation and modification of large data sets, enabling businesses to create new products and insights. The platform is designed to access high value data in standard usable formats.
For more information visit: thinkdataworks.com
Start using ThinkData’s platform for free at namara.io

About the Vector Institute
The Vector Institute is an independent, not-for-profit corporation dedicated to research in the field of artificial intelligence (AI), excelling in machine and deep learning. Their vision is to drive excellence and leadership in Canada’s knowledge, creation, and use of artificial intelligence (AI) to foster economic growth and improve the lives of Canadians.

20
Mar

ThinkData closes investment from OTEAF to fuel global expansion

TORONTO, ON – ThinkData Works, Inc. (ThinkData) has announced an investment from the OpenText Enterprise Apps Fund (OTEAF). The funds will be used to support ThinkData’s global expansion. The transaction will also see Tony van Marken, General Partner at OTEAF, join ThinkData’s Board of Directors.

ThinkData’s platform allows organizations to access data from hundreds of public sources and helps enterprises transform proprietary data sets into a standardized format. Organizations can use these rich data pools to build predictive models and derive insights.

“Our investment in ThinkData reflects our belief that data is the most valuable asset for enterprise today. The ThinkData platform allows its customers to unlock the potential of their own data, and layer in new sources to generate actionable insights,” says Tony van Marken. “The company has already won Tier 1 enterprise customers, reinforcing our conviction in the value of the platform to some of the most sophisticated institutions in the world.”

ThinkData’s customers include Royal Bank of Canada, the Government of Canada, Bank of Nova Scotia, TD Bank, and The Altus Group among others.

“If you’re only looking at your own internal and siloed data environment to drive your business forward, you’re missing 90% of the information you need to start leveraging in order to remain competitive in tomorrow’s business landscape. This is true for every company in every sector,” says Bryan Smith, Co-Founder and CEO of ThinkData.

Using ThinkData’s platform, Namara, organizations are capable of taking endless amounts of public and private data sourced from anywhere in the world and layering it upon existing practices or integrating it into new business intelligence solutions.

“We are unlocking the ability to link and layer data sets that, although related, have traditionally remained siloed,” says Mr. Smith. “By boiling down every dataset to its raw features, we can rebuild it into master data records that adhere to a common standard – and we can do so at scale. This clean data works like rocket fuel and launches our clients’ analytics capabilities to new heights.”

OTEAF joins Extreme Venture Partners (EVP) and MaRS IAF, ThinkData’s initial seed investors, who backed the company in its early stages. “In the last decade, the world’s most important companies have become experts in data – its capture, its analytics, and its use. ThinkData’s platform unlocks this capability for all the companies out there that need to play catch up,” said Ray Sharma, Managing Partner of EVP. “We bet early on ThinkData because they had a sobering idea; data needs to be as accessible as tap water. Companies need to be able to turn on the faucet and watch the data flow.”

Media Inquiries:
Lewis Wynne-Jones, ThinkData Works, Inc.
Head of Data Acquisition and Partnerships
lewis@thinkdataworks.com

About ThinkData Works
Founded in 2014, ThinkData Works focuses on the aggregation and modification of large data sets, enabling businesses to create new products and insights. The platform is designed to access high value data in standard usable formats.
For more information visit: thinkdataworks.com

About Extreme Venture Partners
EVP is an early stage investment fund, startup development lab (Extreme Innovation) and global-to-Canada accelerator (Extreme Accelerator) that invites diversity as the spark of brilliance and innovation, quietly launching some of the Canada’s most interesting startups. EVP has developed a comprehensive startup ecosystem, as well as a not-for-profit organization (Hackergals) dedicated to addressing the gender imbalance in coding. Learn more about EVP’s “firsts”.
For more information visit: evp.vc

07
Feb

Rubikloud Expands AI Presence in Toronto With 60 New Jobs

One of the biggest AI companies in Canada is expanding their reach and bringing more talent in. Rubikloud has unveiled that they will be adding 60 new jobs in Toronto following their $37 million Series B round of funding in early January.

The new roles will span several fields and industries such as data science, engineering, sales, operations, finance and marketing, and come in both junior and senior levels.

“The state of the enterprise AI market is nascent, with few companies deploying AI solutions to businesses,” said Kerry Liu, CEO of Rubikloud. “Rubikloud’s product and platform are ahead of the market, offering tech talent practical AI careers where they can actually build AI applications. We’ve seen a recruiting upticks as analysts and shareholders actively ask companies how they are using AI / ML to improve their bottom lines. Our clients are not funding research projects. They are funding automated production systems.”

As a leading machine learning platform designed for retailers, Rubikloud uses AI to deliver customized and intelligent decision automation for multi-billion dollar businesses. The Toronto company automates and builds on mass promotional planning and loyalty-driven marketing with a built-in-house and cloud-native platform. Many studies have shown that companies will be forced to integrate some form of AI in order to stay competitive in the retail world, and Rubikloud is helping them stay on course.

“Rubikloud is one of the few AI companies building and deploying practical solutions across the Fortune 500 and moving machine learning from the predictive to prescriptive,” said Karamdeep Nijjar, partner at iNovia Capital. iNovia were investors in Rubikloud’s recent funding round. “We invested in Rubikloud because we believe they could become a publicly traded billion-dollar company in the next five years and we’re excited to see them hiring aggressively,” added Nijjar. Rubikloud currently has just over 75 employees, so these new additions will almost double the existing team. The company has earned a total of $45 million in financing so far.

Rubikloud is also nominated for Startup of the Year in the Canadian Innovation Awards. For more info on the event, head here, otherwise tune in to see if they will take home the prize on February 22 in Toronto.

03
Jan

Rubikloud scores $37 million investment to bring intelligence to retail industry

TORONTO, Jan. 3, 2018 — The retail industry is one that’s rife for disruption by technology. Under intense pressure from giants like Amazon and Walmart, retailers are often stuck using legacy systems and are ill-equipped to compete using the latest tools. Rubikloud announced a $37 million investment today to help retailers attack the modernization problem with cloud tools built with artificial intelligence underpinnings.

The round was led by Intel Capital with participation from new investors Inovia Capital and OTEAF along with previous investors Horizons Ventures and Access Industries. Today’s investment brings the total to $47 million, according to the company.

Intel in particular is trying to get a foothold inside of retail where they hope to promote their Internet of Things strategy. They believe that by combining their IoT knowledge with Rubikloud’s intelligent automation and data processing, it will generate a powerful partnership. For starters, they hope to attack three areas of retail with this approach including the supply chain, the corporate front office and inside stores themselves.

Rubikloud offers a series of SaaS products including a promotions tool and a customer lifecycle manager to help retailers provide more personalized promotions and track their customers through the entire retail lifecycle. They also offer a couple of more nuts and bolts tools including RubiCore, which is designed to help companies ingest and validate data from their existing systems and move their data into Rubikloud’s proprietary data model. Finally they offer RubiOne, which is a set of machine learning tools and libraries designed to help retailers build their own machine learning applications on top of the Rubikloud data set.

The idea is to use the applications the company has provided to help retailers improve promotions and better understand their customers, while giving them the ability to build their own customized applications as well.

This appears to be a solid approach, but the company is far from alone in this space as it’s competing with giants like Adobe and a host of other startups. Regardless, investors obviously liked what they saw and have pumped in a lot of money to help in that regard.

The company plans to use the money from this round for worldwide expansion with a focus on opening offices in Europe and Asia.

17
Oct

Royal Bank of Scotland partners with Sensibill to give business banking customers greater control of their finances

TORONTO, Oct. 17, 2017 (GLOBE NEWSWIRE) — Royal Bank of Scotland (RBS) and Sensibill have partnered to alleviate a major pain point for small business banking customers: receipt management. Sensibill’s digital receipt solution will bring convenience to small business owners, allowing them to manage their cash flow, and streamline their administrative efficiencies directly from their mobile banking app.

The service—which will be available to all small business customers via their RBS mobile banking app in January 2018—will allow customers to scan their receipts using their iOS or Android camera. The receipts will be reconciled with card transactions held by the business, allowing users to track spending and categorize expenses for HMRC, as well as create reports for invoicing or accounting purposes.

This partnership sets the bar for how banks and financial technology companies can work together to better serve customers and address their needs.

“No bank can expect to thrive without listening to the evolving needs of customers, and by partnering with Sensibill, we’re offering proactive help and best-in-class innovation for free – allowing small businesses to spend less time on admin, and more time on what they do best,” said Marcelino Castrillo, managing director of business banking at NatWest/Royal Bank of Scotland.

Initial trials of Sensibill’s service indicated that 88% of small business banking customers found the app to be “good” or “very good”. As for how the service influenced customers’ perception of the bank, 78% of customers said that they would recommend NatWest if the bank offered the service in the future.

“It’s simple – if banks don’t service their customers’ needs, someone else will. Every time a customer uses a competing solution to solve their financial pain, customer loyalty erodes. This is especially relevant with open banking gaining momentum, and third-parties having access to customer information that was once in the bank’s custody. There has never been a more critical time for banks to invest in their customers and invest in services that will retain them,” said Corey Gross, CEO and Co-Founder at Sensibill.

About Sensibill

Sensibill works with the most innovative global financial institutions to solve their customers’ pain point of managing receipts. Sensibill’s solution drives net new engagements across online and mobile banking channels, while unlocking deep purchase insights across all payment methods. The service is fully white-labeled, designed specifically to meet bank requirements and is live with Tier 1 financial institutions today. To find out more, visit www.getsensibill.com, and connect with us on twitter.com/getsensibill and linkedin.com/company/sensibill-inc-.

03
Mar

Sensibill closes $17.3 million Series A to scale digital receipt data service for banks

Sensibill closes $17.3 million Series A to scale digital receipt data service for banks

TORONTO, ON – March 02, 2017 – Sensibill has raised a sizeable $17.3 million Series A led by Information Venture Partners and OpenText Enterprise Apps Fund (OTEAF).

Sensibill offers a suite of value-added services for mobile banking apps centered around the everyday receipt and enabled by machine learning. Last year, the FinTech company, which is headquartered in Toronto, launched its core product, a smart receipt management service, with Scotiabank and TD Canada Trust’s mobile wallet app UGO Wallet. The round led by Canadian VC firms is one of the largest A-rounds in Canada to date.

“We are pleased to be leading this round of investment,” said David Unsworth, Co-Founder and General Partner at Information Venture Partners. “As experienced financial technology investors, we have long believed in the inevitable ubiquity of mobile banking as a core digital channel for all financial institutions. We believe Sensibill is well-positioned to bring its digital receipt capabilities into every mobile banking application and are thrilled to be their partner as they continue to scale and develop a world-class financial technology company.”

Sensibill says the funds will enable the company to continue developing a robust system that can structure data from any merchant receipt and return rich insights to consumers and businesses alike. Currently, Sensibill is the market leader in extracting and structuring receipt data using deep learning techniques, but the startup claims that this is only the beginning compared to what they are layering on-top.

“We knew that people wanted an intuitive and secure solution for managing their receipts, but we’ve also learned a great deal about how they want to make better use of their purchase information,” said Corey Gross, Co-Founder and CEO of Sensibill. “Think reminders for when warranties expire, being able to optimize household budgets, and highly targeted credit card rewards. That’s where machine learning comes into play, and we’re excited to add more fuel to our growing research and AI team right here in Toronto.”

Globally, financial institutions are waking up to the potential of receipt data. The demand is growing for receipt solutions that are able to contextualize purchase information down to the payment and SKU-level. Having already announced partnerships with Tier 1 Canadian banks, Sensibill plans on allocating the new resources towards growth and delivery efforts in the United States, U.K, and Australia.

Sensibill has attracted investment from industry veterans — a strategic move on the company’s part. “We want to work with investors who really understand banktech, and have had industry-defining success building and scaling financial services companies,” says Gross. Sensibill’s B2B2C partnership model for bringing new technology to banks and their customers is a welcomed deviation from the “challenger” position FinTechs often take.

“Banks are hungry for innovative customer-facing solutions that solve everyday pain points. The reason digital receipts are such a desirable offering is because it has mass customer appeal and enables personalization,” said Drew Sievers, founding partner of San Francisco-based Operative Capital and former founder and CEO of mobile banking pioneer, mFoundry. “Sensibill has delivered impressive results for some of the largest banks in the world, and is now well-positioned to be a global leader and an indispensable partner to financial institutions.”

“Our investment reflects our belief in the tremendous market potential for their technology and management’s ability to execute on their vision. In a short space of time Sensibill has closed deals with some of the world’s leading financial institutions in a highly competitive environment. We are very excited about their growth prospects and look forward to working with Corey and his outstanding team,” said Tony van Marken, General Partner at OTEAF.

Both Unsworth and van Marken will be joining Sensibill’s board of directors.
San Francisco-based Operative Capital, Mistral Venture Partners, and existing investor Impression Ventures have also participated in the round.

About Sensibill
Sensibill is a white-label Software as a Service platform that allows personal and business banking customers to manage line-item receipts directly from their desktop and mobile banking applications. Customers can capture and store paper and electronic receipts, which can then be accessed and used for returns, exchanges, expenses, taxes and accounting.
Sensibill leverages rich item-level purchase data to deliver personalization and contextualized services to banking customers. To find out more visit www.getsensibill.com.

About Information Venture Partners
Information Venture Partners (IVP) is a Toronto-based venture capital group investing out of its $106 million second fund. IVP is focused on fast-growing enterprise FinTech and enterprise software companies based in North America. As a Series A investor, IVP looks for rapidly growing companies with differentiated technology solutions addressing significant market opportunities. Portfolio companies include Adaptive Insights, Verafin, Igloo Software, eSentire, PostBeyond, Q4 and Sensibill. Follow IVP on the web at www.informationvp.com or on Twitter @informationvp.

About OpenText Enterprise Apps Fund
The OpenText Enterprise Apps Fund (OTEAF) was formed in 2015 and invests in Canadian technology companies that are building disruptive, enterprise applications that leverage the power of the internet, big data, predictive analytics, mobility and machine learning. OTEAF has offices in Toronto, Ontario and Montreal, Quebec. www.oteaf.vc

17
Jan

Q4 Acquires CapMark Clarity to Bring Next Gen Shareholder ID and Market Intelligence Solutions to UK and European Markets

Acquisition will combine Q4’s disruptive technology with CapMark Clarity’s market intelligence expertise to bring unprecedented speed and accuracy to shareholder identification in the UK and Europe

London, UK, January 17, 2017 — Q4 Inc., a global leader in cloud-based investor relations and capital market solutions, is announcing the acquisition of CapMark Clarity, a provider of shareholder ID and market intelligence to UK and European markets. CapMark Clarity will be merged into Q4’s intelligence division, and Amit Sanghvi, CEO of CapMark Clarity, will join as senior director, international advisory.

With more than a decade of experience, CapMark Clarity set a new standard for traditional investor relations services in Europe. CapMark Clarity introduced its proprietary market intelligence technology and shareholder ID solutions to the market in 2012 and established itself as an innovative shareholder ID provider in Europe and AsiaPacific. The merging of CapMark Clarity’s expertise with Q4’s data-driven intelligence creates a new European powerhouse in market intelligence and shareholder ID solutions for IR professionals.

“I have always been impressed with the work Amit has done. Combining CapMark Clarity with our market-leading algorithms enables us to provide the fastest, most accurate and actionable intelligence to our UK and European clients,” says Darrell Heaps, CEO of Q4. “We believe that our data science approach to intelligence allows us to provide a level of speed and accuracy that has not been previously available in the UK and Europe. We are excited to partner with Amit and the team at CapMark Clarity to bring these next gen solutions to the market.”

Q4 uses next generation technology such as machine learning algorithms and natural language processing to automate processes for IR professionals with unprecedented speed, ease and precision. With the acquisition of CapMark Clarity, Q4’s full suite of next gen IR solutions, including website, webcasting, shareholder ID and the firm’s CRM and IR workflow platform, Q4 Desktop, will now be available to European customers.

“Q4 has been a real driver of technological innovation in the IR industry for several years. With its use of artificial intelligence, Q4 now leads the industry into a new era of smart technology. We look forward to leveraging this technology and empowering European IR professionals by bringing high-quality market intelligence and shareholder ID right to their fingertips,” says Amit Sanghvi, founder and CEO of CapMark Clarity.

Q4’s European intelligence division will operate out of London, UK. Now with more than 1,200 global clients and offices in New York, Toronto, Chicago, Copenhagen and London, Q4 is firmly positioned to continue its strong growth trajectory into 2017 and beyond.

For more information:
Taryn Shulman, Q4 Inc.
Director, Marketing
416-540-9832
taryns@q4inc.com

About Q4 Inc.
Q4 is a global leader in cloud-based investor relations and capital market solutions. Thousands of brands around the world use Q4 website, webcasting, CRM, analytics and surveillance solutions to better connect with their investors and understand the capital markets. In June 2016, Q4 launched Q4 Desktop, the industry’s first fully integrated investor relations platform, which integrates communications tools, surveillance and analytics into a fully featured IR workflow and CRM application. Q4 has offices in New York, Chicago, Toronto, Copenhagen, and London. Visit www.q4inc.com to learn more.

About CapMark Clarity
CapMark Clarity is an independent capital markets intelligence firm with a focus on delivering the highest quality and personal service to each of its clients. Backed by a team with over a decade of experience, CapMark Clarity sets a new standard for traditional investor relations services and leads the way into a new era of smarter investor relations.

17
May

Q4 Closes $22M Series B Financing to Fuel Product and Sales Expansion

darrel

TORONTO, ON – May 17, 2016 – Q4 Inc., a global leader in SaaS investor relations and capital market solutions, announced today the closing of a $22 million Series B financing, bringing the Company’s total amount raised to $30 million.

This round was led by OpenText Enterprise Apps Fund (OTEAF), Information Venture Partners, and HarbourVest Partners along with Emerillon Capital, and Kensington Capital Partners. Series A investors Plaza Ventures and Accomplice also participated. The funding will go towards expanding the Company’s engineering, sales and marketing teams.

“We are delighted to lead this round,” said Richard Black, General Partner at the OpenText Enterprise Apps Fund. “Our investment in Q4 reflects our belief in the tremendous market potential for their technology and management’s ability to execute on their vision. With over 600 top tier customers Q4 has demonstrated their ability to deliver value to the most demanding companies on a consistent basis. We are very excited about their growth prospects in the future.”

Q4 has been steadily expanding their investor relations platform since 2013, which now includes investor websites, earnings webcasting, market intelligence and investor CRM suite. The Company is focused on applying artificial intelligent methods such as machine learning and natural language processing to provide real-time insights on institutional trading, market sentiment, volatility and investor activism.

“Over the last 10 years, the market has become more complex and opaque than ever before. Alternative trading systems, dark pools and high frequency trading have created a challenging environment, making it almost impossible for corporates and investors to understand what is happening within the global financial markets,” said Darrell Heaps, CEO of Q4 Inc. “Our products bring simplicity to this problem and help companies better understand the market, manage investor engagement and communicate with the street. We are at the early stages of our vision and look forward to using these funds to continue expanding our platform and analytics for corporate and institutional clients.”

“There has been very limited innovation in investor relations technology.  Q4 is at the forefront of adopting and developing new technologies, changing the user experience for its communications customers and redefining intelligence methodologies to provide better insights to IROs, CFOs and CEOs,” said Robert Antoniades Co-Founder and General Partner of Information Venture Partners.

2015 was a watershed year for Q4, generating record client & ARR growth and executing on Company’s product suite expansion. Launching in June, the new Q4 desktop will be the investor relations industry’s most integrated market intelligence, investor CRM, website and webcasting platform on the market. Q4 plans to unveil this new product at the National Investor Relations Institute’s annual conference in San Diego, June 4-8, 2016.

“As we expand our presence in Canada, HarbourVest is excited to partner with Q4 in this next stage of its growth path,” commented David Zug, Vice-President, HarbourVest Partners. “This dynamic team and technology are poised to continue to transform the way public companies engage their shareholders.”

“We are excited to partner with Q4 at this critical inflection point in its growth,” said Raghu Bharat, Investment Manager at Emerillon Capital. “As demonstrated by their remarkable growth, this round of funding will help Q4 capitalize on global demand for their solutions, and accelerate the company’s pace of product innovation.”

Q4 has over 150 employees in offices in Toronto, Chicago and New York.

About Q4 Inc.
Q4 is a global leader in communication and intelligence solutions to the IR market. With hundreds of Fortune 1000 brands using Q4 website, webcasting, analytics and advisory solutions, we have created a full service platform that enables public companies to better connect with their investors and understand the capital markets. Visit www.q4inc.com to learn more.

 

AI STARTUP RUBIKLOUD TO BE ACQUIRED BY OTTAWA-BASED KINAXIS FOR $81.4 MILLION CAD

OTTAWA, ON, June 15, 2020 – Kinaxis® Inc. (TSX: KXS), the authority in driving agility for fast, confident decision-making in an unpredictable world, has signed a definitive agreement to acquire Toronto-based Rubikloud, a disruptive, emerging provider of AI solutions that automate supply chain prescriptive analytics and decision-making in the retail and consumer packaged goods (CPG) industries.

Globally-recognized retailers and CPG manufacturers in the health and beauty, household and grocery segments use Rubikloud’s AI-based products today. Their offerings include demand forecasting and automation to manage and optimize trade promotions, pricing and assortment to drive product demand and dramatically improve financial results. Kinaxis will enhance RapidResponse’s demand planning capabilities with the Rubikloud offerings, anticipating initial opportunities in the company’s rapidly-growing CPG customer base and over time for other industries such as life sciences. The acquisition also offers Kinaxis a springboard into the enterprise retail industry.

“Rubikloud has capabilities and value that we can offer our CPG customers today, leads us into the retail industry with some bellwether accounts, and adds a group of approximately 80 people to an already-impressive AI and machine learning (ML) team here at Kinaxis. Over time, this enhanced group will contribute to new and existing AI-powered capabilities across the full Kinaxis RapidResponse® platform and applications,” said John Sicard, President and CEO of Kinaxis. “This acquisition reflects the growing importance of AI and ML to power intelligent automation and augment human decision-making to better deliver on customer promises, remove waste and increase resiliency for effective risk management.”

Rubikloud’s SaaS-based ML offerings empower retail and CPG manufacturers to transform their core operations by improving and automating complex, profit-generating decisions. Rubikloud’s proven AI capabilities and intuitive tools enable users to leverage disparate data sources to improve forecast accuracy, site-level allocations, inventory availability and promotion plans by allowing users to run boundless simulations in real time.

“We founded Rubikloud with the belief that purpose-built AI could be used to solve some of the most complex industry problems and we have spent the last seven years building a fantastic product that receives validation from global customers every day,” said Kerry Liu, CEO, Rubikloud. “We’re excited at the prospect of joining Kinaxis, which helps us bring our innovations to a much broader customer base at a faster pace than on our own. Not only that, being two strong Canadian companies we see great cultural synergy and look forward to working on the complex problems we know RapidResponse and concurrent planning can solve for customers.”

Terms of Agreement
Kinaxis will acquire Rubikloud for US$60 million in an all-cash transaction that is expected to close within 60 days. Based on Rubikloud’s current revenue and expense profile, the company’s fiscal 2020 revenue and Adjusted EBITDA guidance, as reiterated in its May 6, 2020 news release, remains unchanged. The transaction is subject to customary closing conditions.

About Kinaxis Inc. 
Everyday volatility and uncertainty demand quick action. Kinaxis® delivers the agility to make fast, confident decisions across integrated business planning and the digital supply chain. People can plan better, live better and change the world. Trusted by innovative brands, we combine human intelligence with AI and concurrent planning to help companies plan for any future, monitor risks and opportunities and respond at the pace of change. Powered by an extensible, cloud-based platform, Kinaxis delivers industry-proven applications so everyone can know sooner, act faster and remove waste. For more Kinaxis news, follow us on LinkedIn or Twitter.