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Difference Capital’s Two Most Recent Investments, Vena Solutions and BuildDirect, Recognized With Awards

Written on November 11th, 2013

We just closed on our investment in Vena Solutions (Announced this past Tuesday; See Release) and the company is already making us look smart – on Thursday night the company received the People’s Choice Award, the “fan favourite standout innovative solution of the year”, at PwC’s Vision to Reality Awards. Competition was stiff, including impressive growth companies such as: Bionym, Frank and Oak, Global Relay Communications, Method Integration and Thalmic Labs. CEO Don Mal, CTO George Papayiannis, and President Rishi Grover were on hand to open the TSX Exchange the following morning.

We invested in Vena for three major reasons: their talented management team (several of the group came from Clarity, which sold to IBM), impressive technology and world class customer base. Vena has received commendations from companies including McDonalds Canada, Canpar, Marks & Spencer and BNP Paribas.

Over at BuildDirect, an investment we announced this past Thursday (See Release), the company was named as part of the Best 50 Small and Medium Employers in Canada by Profit Magazine (#10). As CEO Jeff Booth said “employees love working here” (See Release).

“We’re very proud our team loves working at BuildDirect” says Jeff Booth, BuildDirect’s President & CEO. “We are completely focused on our people, their experience with us and provide each the opportunity to do great things for not only our customers but also for both their personal and professional development … “We have doubled in size over the last year and are set to double again in 2014. Ensuring BuildDirect continues to be a great place to work and build a career is my personal commitment”

We are very bullish on BuildDirect’s prospects to become a leader in building materials and heavy goods sales via its unique advantages with procurement, logistics and analytics.

Tom Liston, Managing Partner, Difference Capital

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