BEST Funds

BEST Funds

February 09, 2010 10:42 ET

BEST Funds Provides Financing for ComponentArt

TORONTO, ONTARIO--(Marketwire - Feb. 9, 2010) - BEST Funds a leading Canadian Venture Capital firm, today announced that its Business, Engineering, Science & Technology (BEST) Discoveries Fund and the BEST Total Return Fund have invested in ComponentArt a Canadian technology company. The debt investment will support ComponentArt's growth plan into 2011.

"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. Given these characteristics we are excited about financing their growth plan and helping to assist another great Canadian Company." said John Richardson, CEO of BEST Funds.

"ComponentArt has consistently been at the leading edge of technological innovation and we see our role as that of a crucial partner in the development plans of our larger clients, and have developed a comprehensive set of services to support Enterprise customers at each stage of their project," said Milena Braticevic, C.F.O. of ComponentArt. "This investment by BEST Funds will support our short term growth and allow us to achieve our goals for the next few years".

About BEST Funds

BEST Funds, a leader in the venture capital arena since 1996, focuses on rapidly growing Canadian companies, where new technology can fundamentally change the way people conduct business or enjoy their lifestyles. After identifying an emerging market that has tremendous growth potential, BEST Funds' experienced management team then selects companies poised to be leading players in that market for the investment portfolio. The company's extensive experience in the venture capital arena helps ensure that all of our investors partake in unique opportunities otherwise available only to high net worth and institutional investors.

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About ComponentArt

ComponentArt is a leading component vendor specializing in the creation of user interface and data visualization software for Microsoft's .NET platform. The company's UI Framework product suite includes software components for Silverlight, ASP.NET AJAX and WPF. Serving 10,000+ clients worldwide, ComponentArt helps companies advance their software development effort by providing powerful building blocks, allowing them to focus on the business logic, core value, and primary function of their application or website.

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