Yardstick Software Inc. Welcomes New Investment
Yardstick Software Inc. is pleased to announce the addition of new shareholders, Maggnum Ventures Inc., an Alberta investment company led by President Matthew Grieve in partnership with Ross Grieve. Maggnum’s investment (less than 10% of Yardstick Software’s outstanding shares) will be used by the company to continue to fund its rapid growth, including the addition of much needed new office space for its expanding Edmonton based workforce.
Ross Grieve, former President and CEO of PCL Constructors Inc. and current Chairman of the PCL Board and his son Matthew Grieve, have also agreed to join Yardstick’s Advisory Board, contributing a wealth of business experience and professional leadership to the team. Ross Grieve was recently named as Canada’s Outstanding CEO of the Year™ by Caldwell Partners, Deloitte & Touche, and the National Post. Matthew Grieve, a graduate from Huron College at the University of Western Ontario, is based at Maggnum’s Calgary headquarters.
“In my previous career, training employees was of paramount importance to our success. Couple that with innovative technology used to help organizations deliver online training and testing, and you can see why we see Yardstick Software as a very attractive investment,” says Ross Grieve. “We are excited to be a part of the company and also want to congratulate Yardstick on being named for a fourth consecutive year to the Alberta Venture Magazine Fast Growth 50 list.”
Chris LaBossiere Manager of Business Development and Co-CEO of Yardstick adds, “We are an industry leader in changing the way organizations use the internet to deliver training and testing online. Yardstick Software proactively embraces opportunities that allow for the positive growth and upward development of its company. The investment by Maggnum Ventures speaks directly to the impressive growth Yardstick has experienced over the past four years, the quality of our people and product, and the long-term commitment the company makes toward being a World-Class provider in our space. We also anticipate an accelerated external growth strategy, building on our acquisition of the assets of TDG WHMIS Compliance Centre Inc., which was completed in Summer 2009.”
For more information on this transaction, please contact Tracey Hill, Manager of Corporate Operations, at: tracey@yardsticksoftware.com.
Yardstick Software Inc. is a privately-owned, customer focused company. Beginning in 2002, - we have provided online testing and web-based training to over 400,000 individual users, across dozens of industries, for over 200 clients.
