This week the TSX and TSX Venture Exchange, in partnership with the CVCA, held the Technology Investor Day, an event that gives both public and private technology companies an opportunity to present to capital market investors and build on existing investor relationship programs and strategies.
Each year the TSX/TSXV runs approximately ten Investor Days across various sectors in Canada, the US, and Europe. Vancouver’s Technology Investor Day saw over 90 investors and capital markets participants attend, with individuals from Vancouver, Edmonton, Calgary, Toronto, Seattle, and Los Angeles present.
Canada’s Technology and Innovation Sector, which includes Technology, Cleantech and Life Sciences, has over 420 technology and innovation companies listed on the TSX and TSXV. From the beginning of 2014 to 2015 year end, 69 tech and innovation companies went public on the exchanges. This outpaced every other sector and accounted for $17 billion in equity capital. Last year witnessed one of the most spectacular technology IPOs on the exchange: Shopify.
The TSXV is somewhat unique, as it acts as an incubator for small companies that want to go public early for strategic reasons and later ‘graduate’ to the larger TSX. The typical market value for companies on the exchange is between $10 million and $75 million, and they typically raise $3-4 million at a time.
The event in Vancouver featured thirteen company presentations: four TSX-listed companies, two TSXV listed companies, four mature private companies, and three startups.
Here is a list of the listed and four mature private companies that presented:
- QHR (TSXV: QHR) brings innovation to the healthcare system for providers and patients through their two flagship products, Medeo Virtual Care and AccuraoEMR, claimed to be the largest electronic medical record platform in Canada.
- Teradici creates secure virtual workspaces. Their PCoIP technology simplifies how computing is provisioned, managed, and used throughout virtual and cloud environments.
- Sierra Wireless (TSX: SW) is at the leading-edge of machine-to-machine connectivity and cloud services, providing intelligent wireless solutions to network operators, OEMs, and enterprises worldwide.
- Payfirma helps businesses accept credit and debit cards online, in-stores, and on mobile devices, and was named FinTech Company of the Year at last year’s Canadian FinTech Awards.
- BSM Technologies Inc. (TSX : GPS) provides fleet telematics and automatic vehicle location solutions that improve efficiency for fleet operators.
- MDA (TSX : MDA) provides communications as well as surveillance and intelligence solutions to commercial and government organizations worldwide.
- Trulioo provides global identity verification at a bank-grade level using advanced analytics based on traditional information such as public records, credit files and government data as well as alternative sources.
- MediaValet (TSXV : MVP) provides cloud-based digital asset management.
- Vision Critical provides a cloud-based customer intelligence platform that allows companies to build engaged communities of customers they can use for real-time feedback and insight.
- Solium Capital Inc. (TSX: SUM) provides cloud-enabled services for global equity administration, financial reporting, and compliance.
The Startup Showcase featured three privately held companies:
- Control enables e-commerce and SaaS businesses to take advantage of payment data in order to operate more efficiently.
- LoginRadius provides a SaaS-based customer identity and access management solution providing secure login, email registration, single sign-on, user profile management, and insights to help businesses engage their customers.
- Venzee company provides a SaaS solution for the product information management space and was accelerated by 500 Startups.