One source of pride in this province’s business community in recent years has been the rapid emergence of a new crop of technology companies. Most are start-ups and have developed products covering a wide range of customer segments – from small business to the agricultural community.
And Saskatoon-based Vendasta has now taken a major step – positioning itself as one of the flagship players in this sector. The company has revealed plans to issue shares through an IPO with a listing on the Toronto Stock Exchange. The size of the deal gives the company a valuation approaching three-quarters of a billion dollars making it one of the giants of the Saskatchewan scene.
The company provides a platform for small businesses to navigate their way through the digital world and has been finding success with customers throughout North America. It started in Saskatchewan with modest beginnings, then moved on to raise private money to fund its rapid growth and now has reached the point where it wants to tap into the much larger public markets to underwrite even further expansion.