Congrats to ScribbleLive on their latest funding

Congrats to ScribbleLive on their latest funding

ScribbleLive, a Toronto-based company focused on digital content marketing, just announced that it closed $35 million in expansion round funding. The round was led by The OpenText Enterprise Apps Fund, with participation from Emerillon Capital, Blue Cloud Ventures, Northleaf Venture Catalyst Fund and a large U.S.-based asset manager. Existing venture investors like Rogers Ventures, Summerhill Venture Partners, Georgian Partners, Export Development Corp. (EDC) of Canada and Waterloo Innovation Fund also participated.

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ScribbleLive named one of Deloitte’s Technology Fast 50™ companies

Scribble Technologies Inc., makers of ScribbleLive, is named one of Canada’s fastest growing technology companies in the Deloitte Technology Fast 50™ awards for technological innovation, entrepreneurship, rapid growth and leadership, based on the percentage of revenue growth over five years. Scribble ranked 9th with 5857% in five year revenue growth from 2009 to 2013.

Now in its 17th year, the Deloitte Technology Fast 50™ program celebrates leaders in the Canadian technology industry and tracks the successful growth of Canadian-grown leaders. The program augments the broader Deloitte North American Technology Fast 500™ initiative with winners automatically eligible for this elite ranking.

Scribble CEO Vince Mifsud, credits a great team doing many things well for Scribble’s success to date. “Having a great team that is focused on product innovation coupled with tremendous sales and marketing execution are two of the necessary elements that drive revenue growth,” Mifsud said. “In order for businesses to connect with their audiences, marketers today need software tools that enable them to create great content rapidly, fully understand the performance of their content, including which pieces of content and which channels are driving engagement. ScribbleLive Enterprise is the first product to let marketers answer these questions for themselves in a single, unified platform.”

“Fast 50 companies are entrepreneurial, innovate and demonstrate leadership,” said Pascal Lamoureux, Partner and Leader for Deloitte’s Fast 50 program. “Their commitment and achievements are critical to the growth of the Canadian technology sector.”

To qualify for the Deloitte Technology Fast 50TM ranking, companies must have been in business for at least five years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, and conduct research and development activities in Canada. A panel of industry experts evaluate and judge companies based on four key criteria: competitive advantage; size, growth, and market attractiveness; management effectiveness and organization; and financial performance.