Press release

FINCAD Secures Financing to Support F3 Enterprise Software’s Rapid Growth

Sponsored by Businesswire

the leading provider of enterprise solutions for derivative and fixed
income portfolios, today announced it has secured US$12 million of
financing to support the rapid growth of its advanced F3 enterprise
analytics solutions business.

The growth financing was led by Vistara
Capital Partners
and accentuated with a senior bank facility from
the CIBC Innovation Banking team.

FINCAD’s award winning F3
enterprise analytics platform
is an advanced solution providing
industrial strength support for modeling, pricing, valuation, and risk
management of portfolios in all asset classes. It offers the built-in
functionality and ease-of-use of off-the-shelf software, combined with
unlimited flexibility to customize to a firm’s specific trading
strategy, workflow and reporting requirements. It also integrates
seamlessly with existing systems and data sources.

“We realized the available solutions on the market could not offer the
flexibility needed to cope with today’s wide range of new regulations,
risk management challenges and market changes like the impending
phaseout of the Libor benchmark rate,” said FINCAD president and CEO,
Bob Park. “So, we set out to create a future-proof platform that could
enable asset managers, hedge funds, insurance companies, pension funds,
banks and others to overcome these challenges. In fact, one reason why
F3 is so ground-breaking is that it offers infinite flexibility for
users to easily extend the solution with new models, methods or
instrument coverage as needed, but within a controlled environment,” he

This builds on two years of strong sales growth as FINCAD is seeing
growing demand across both the buy side and sell side for valuation and
risk solutions that are transparent and flexible. “I am pleased to say
that over the past two years, our F3 bookings have doubled. These funds
allow us to accelerate the execution of our strategic plan to grow our
enterprise solutions business, while continuing to support the analytic
needs and the success of our hundreds of existing clients,” Bob remarked.

This financing continues the successful relationships FINCAD has enjoyed
over the past several years with both the leadership of Vistara Capital
Partners and CIBC’s Innovation Banking team and provides a significant
injection of capital to finance the rapid growth of FINCAD’s enterprise

“I have had a relationship with FINCAD’s leadership team for almost a
decade and during that time, have tracked the evolution of F3 enterprise
technology from invention to its commercial maturity. FINCAD is the kind
of globally successful company that Vistara is enthusiastic about
supporting,” said Randy Garg, Founder and Managing Partner of Vistara
Capital Partners, who will also become an Observer on FINCAD’s Board of

Joe Timlin, Managing Director at CIBC Innovation Banking, added, “We are
very proud of our longstanding relationship with FINCAD and are pleased
to be able to continue to support the company in its next phase of
growth. We look forward to working with the company’s management team
and board of directors to help FINCAD achieve its goals for the future.”


FINCAD is the leading provider of valuation and risk solutions for
derivative and fixed income portfolios. An industry standard since 1990,
our advanced analytics, flexible architecture and patented technology
enable better investment and risk management decisions. We are committed
to helping our clients solve their toughest challenges, without
compromise. Clients include leading global asset managers, hedge funds,
insurance companies, pension funds, banks and auditors. For more
information, visit

About Vistara Capital Partners

Headquartered in Vancouver, BC, Vistara Capital Partners provides highly
flexible and tailored technology growth capital solutions for companies
across North America. Founded, managed, and funded by seasoned
technology finance and operating executives, “Vistara” (Sanskrit for
“expansion”) is focused on enabling the growth and expansion of its
portfolio companies. Additional information is available at

About CIBC Innovation Banking

With offices in Denver, Menlo Park, Montreal, Reston, Toronto and
Vancouver, CIBC Innovation Banking is a full-service business that
delivers strategic advice and funding to North American technology and
life science clients at each stage of their business cycle, from start
up to IPO and beyond. CIBC Innovation Banking brings extensive
experience and a strong, collaborative team that extends across
commercial banking and capital markets in Canada and the U.S.