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OSF Digital Secures Financing from BDC Capital to Build Upon Global Presence

September 22 | 2017

Demonstrated growth in international markets with plans for future expansion

Québec City, Canada – September 22, 2017 - OSF Digital announced today that it had secured substantial financing from BDC Capital, the investment arm of BDC. This funding, which comes in the form of non-dilutive, flexible subordinated loans will be used to further enhance the company’s regional presence - primarily in the Asia-Pacific region, as well as to augment its worldwide presence in areas where it is presently operating.
 
“This financing will increase the working capital of our company while helping us to strengthen our business relationship with BDC, a highly respected Canadian lender and investor,” says Gerry Szatvanyi, CEO of OSF Digital. “Our ability to obtain financing of this nature speaks to the strong business case for OSF, our successful global partnerships and the numerous products and completed projects we have created due to harnessing the power of our team of solid engineers and consultants.”  
 
OSF Digital has been a client of BDC since 2009 and of BDC Capital since 2013. “Over the years, OSF has impressed us with its high revenue growth, driven by the development of its international activities and its ability to deliver on complex projects, which have given it the power to attract prestigious multinational clients, particularly in the retail e-commerce sector,” says Étienne Drouin, Managing Director, Growth and Transition Capital for Quebec City and the Eastern Quebec region at BDC Capital. “BDC Capital is always looking to support ambitious, fast growing and innovative Canadian companies like OSF Digital who are successful on an international scale.”  
 

About OSF Digital

For over a decade, OSF Digital has established itself as a trusted cloud technology consultant and technology integrator, enabling companies to succeed over the greatest challenges in the world’s rapidly changing business environment. With expertise in cloud and mobile application development, enterprise CRM solutions, leading ecommerce platforms and integrated content management solutions, we work closely with your staff to understand your business requirements, develop customized technologies and seamlessly integrate them with your core applications. For more information about the company’s services and expertise, or to speak with a solutions specialist, please visit osf.digital.

About BDC Capital

With more than $2 billion under management, BDC Capital is the investment arm of BDC, serving as a strategic partner to Canada’s most innovative and high potential firms. It offers a range of equity, venture capital and flexible growth and transition capital solutions to help Canadian entrepreneurs scale their businesses into global champions. To find out more, visit bdc.ca/capital.
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Contact: OSF Digital
pr@osf.digital
1-(888)-548-4344