ComponentArt, Inc., a Toronto (Ontario), Canada-based component vendor specializing in the creation of user interface and data visualization software for Microsoft’s .NET platform, recieved a debt investment from BEST Funds.
The financing, which was made through BEST Funds’ Business, Engineering, Science & Technology (BEST) Discoveries Fund and the BEST Total Return Fund, will support the company’s growth plan into 2011.
Explaning the reasons behind the investment, John Richardson, CEO of BEST Funds, said: “ComponentArt has all the elements that BEST Funds looks for when we seek out a new company to invest in. We look for: solid management, impressive growth margins, a product in great demand and several years of meeting or exceeding their business plans”.
Milena Braticevic, C.F.O. of ComponentArt, added: “This investment by BEST Funds will support our short term growth and allow us to achieve our goals for the next few years”.