We appreciated BDC’s flexibility to structure a deal that didn’t leave us cash strapped. We’re very excited about the future growth of our company!
One of the fastest-growing environmental health and safety (EHS) software companies in the world
About the company
Offers a real-time solution to enable EHS professionals to make faster, fact-based decisions and provide executives with a view of safety risks across their company
Location: Toronto, Ontario
Industry: EHS safety software solutions
Primarily focused on the creation of online training courses for the health and safety industry, the company decided to move into software and needed additional cash to cover customer acquisition costs and grow at the speed it wanted. The firm also needed financing to acquire a business.
As an alternative to equity, BDC’s Growth & Transition Capital team provided the company financing to make the transition to software solutions. The bank also provided mezzanine financing in order to acquire Field iD, a leading provider of equipment inspection software.
- Significantly expanded its EHS management platform, creating a single cloud solution
- Grew from seven to nearly 70 employees
- Positioned to eliminate one million workplace incidents
- Increased client renewal rate by more than 90%