Business
Wellington Financial Provides $8 Million Debt Facility to Elastic Path Software Inc.
VANCOUVER AND TORONTO , June 14, 2013 /CNW/ - Wellington Financial LP, a privately-h...
About this update from Clairvest Group Inc.
[{"type":"text","content":"\n\n\nVANCOUVER AND TORONTO, June 14, 2013 /CNW/ - Wellington Financial LP, a\n privately-held specialty finance firm, today announced an $8 million\n debt facility for Elastic Path Software of Vancouver, BC.  Elastic Path\n provides commerce software that enables businesses to monetize their\n goods, services and digital content across every customer touchpoint,\n including websites, mobile apps, smart devices, and APIs.\n\n\n\"Elastic Path's success has been recognized on the PROFIT 100 list of\n Canada's Fastest-Growing Companies for four consecutive years. With\n impressive customers such as Google, Pearson, Symantec, and Virgin\n Media, Elastic Path has developed an advanced platform that is helping\n hundreds of enterprises worldwide. We are proud to continue to back\n many of Canada's best innovation companies,\" said Mark McQueen,\n President and CEO of Wellington Financial.\n\n\nHarry Chemko, CEO of Elastic Path said, \"As digital commerce moves\n quickly beyond websites and mobile apps into a new era of APIs and\n smart devices, there is tremendous demand for technology that will help\n businesses keep pace. With the support of Wellington Financial, we can\n now accelerate our innovation as we develop the software platform for\n this next generation of commerce. We look forward to working with\n them.\"\n\n\nAbout Wellington Financial LP\n\n\nWellington Financial LP is a privately-held specialty finance firm\n providing term, venture and amortizing loans up to $30 million.\n Wellington Financial LP is currently managing a $600 million investment\n program with offices in San Francisco, Santa Monica and Toronto.\n Wellington Financial LP is managed by a partnership controlled by fund\n management and Clairvest Group Inc. (CVG:TSX), who jointly have\n contributed a large financial stake to the Fund. LPs include several of\n Canada's largest institutional investors, crown corporations, financial\n institutions and pension funds. Please visit the fund website at www.wellingtonfund.com, or the Wellington Financial team blog at www.wellingtonfund.com/blog.\n\n\nAbout Elastic Path\n\n\nElastic Path builds commerce software that powers the next generation of\n digital experiences, helping businesses generate more revenue from\n goods, services and digital content. Our software products, including\n Commerce Engine, C...