BEST Funds Extends Partnerships with Key Portfolio Companies

 Toronto, Canada – 2 December 2011 –   BEST Funds continues to solidify its portfolio and support the growing Canadian technological landscape with follow on investments in key portfolio companies. ComponentArt Inc (ComponentArt) and X2O Media Inc (X2O) are outpacing the digital industry with their innovative business tools. BEST Funds is excited to be a key supporter in their growth and development.

BEST Funds has completed a follow-on investment in ComponentArt – a sophisticated data presentation technology company and X2O –an innovator in the field of real-time visual communications.

ComponentArt’s digital visualization technologies are anticipating advances in the industry of portable computing, tablets, and mobile devices. Milena Braticevic, Director of Sales at ComponentArt, comments, “Users have an expectation today to access business performance data from any mobile device – be it iPad, BlackBerry, or Android. Our technology provides the capability to display sophisticated dashboards on any mobile device with a highly intuitive user experience. Partnering with BEST has helped us bring this technology to the marketplace sooner.”

X2O’s flagship Xpresenter™ platform is at the forefront of the digital signage and enterprise communication industries. The company has received numerous industry awards for its innovative approach to delivering dynamic content to various display screens.  David Wilkins – President and CEO of X20 – states, “We’re very excited to build on new opportunities in enterprise communications and digital signage in Canada and abroad.”

John Richardson, CEO of BEST Funds, comments, “Our follow-on investments in both ComponentArt and X2O Media, demonstrate both our confidence in the progress that these innovative companies continue to make as well as the long-term partnerships BEST Funds continues to forge with many of its portfolio companies. The core principles of these companies adhere to the philosophies that define BEST Funds investees. We are proud to say that we support the growth of the Canadian technology sphere.”

For more information ComponentArt and X2O Media please visit http://www.componentart.com/ and http://www.x2omedia.com/

 

—ENDS—-

 NOTES FOR EDITORS

 About BEST Investment Counsel Limited (www.bestfunds.ca)

Founded in 1996, BEST Funds is a leading Canadian venture capital firm. BEST is the manager of venture capital funds as well as accredited investor funds and has successfully completed over 350 transactions to date, representing the entire spectrum of VC financing, from seed-and-start-up to later-stage financing. The firm’s principals bring a wealth of experience and professional designations including, CA, CFA, CBV, MBA, MSC, & LLB.

The firm’s investment focus is on emerging Canadian companies engaged in software, cloud computing, financial services, and clean tech business models which fundamentally change the way people conduct business or enjoy their lifestyles and are actively seeking to place growth capital into exciting emerging companies across Canada providing both equity and debt financing.

For further information please contact the BEST Funds head office at: 416-203-7331

www.bestfunds.ca

For further information, please contact:

Alan Chettiar

BEST Investment Counsel Limited

achettiar@bestfunds.ca

Tel: 416-203-7331 x235

About ComponentArt Inc. (www.componentart.com)

Since the release of our first product in 2002, ComponentArt’s Research and Development team has been passionately working on achieving the highest standards in rendering quality, interactivity and performance in our products. Our latest Data Visualization technology introduces several key innovations that distinguish our products in the marketplace.

ComponentArt Charting for Silverlight and WPF features the industry’s most brilliant image quality due to the integration of our pixel shading algorithms with the power of Silverlight XAML. In addition, the rendering speed has been extensively optimized, enabling real-time zooming, scrolling and smooth animated drill-downs.

ComponentArt’s very own invention, TimeNavigator was designed to dramatically simplify date range selections, while providing the all-important visual data context for the selected period. TimeNavigator’s innovative interface is ideal for touch screens of all sizes.

Another significant innovation introduced with the Data Visualization suite is “Calc”, ComponentArt’s original client-side interpreted data processing language. Integrated into the CalcEngine control, Calc brings rich client-side computational capabilities to the Data Visualization suite. This includes the ability to easily define computed GridView cells, programmatically generated Chart series or conditional formatting of XAML structures. The CalcEngine control ships with a rich library of financial, statistical and dataset manipulation functions.

For further information, please contact:

sales@componentart.com – or – media@componentart.com

About X2o Media Inc  (www.x2omedia.com)

X2O Media was launched in 2006 by the founders of VertigoXmedia, an innovator in the field of broadcast graphics, following VertigoXmedia’s acquisition by Miranda Technologies (TSX: MT). The Digital Signage Division within VertigoXmedia was spun-off to form X2O Media. As a result, X2O’s products and services benefit from over 10 years of experience gained in working on the most demanding live television events with the world’s top broadcasters including ABC, CBS, CBC, CNN, CTV, ESPN, Fox News, NBC, Time Warner Cable and others around the world.

X2O’s mission is to provide digital signage networks with the tools and services required to ensure that their networks look as good as broadcast TV, without the effort.

For further information, please contact:

Tel: (514) 987-7557

info@x2omedia.com

 

 

 

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