Pythian secures $15 mln in mezz financing from BDC Capital
Ottawa-based information technology services company the Pythian Group Inc has closed a $15 million mezzanine financing with BDC Capital's Growth and Transition Capital. The proceeds will be used to invest in growth initiatives, including expansion into Europe, and to repurchase shares from several long-term shareholders. Founded in 1997, Pythian helps businesses adopt new technologies, such as advanced analytics, big data, cloud, databases, development and operations, and infrastructure management. Last week, BDC Capital announced a new $1.8 billion commitment to supply mezzanine debt and growth equity to small businesses in Canada.
3 May 2017•2 mins read
