09 Mar Croesus Named One of Canada’s Best Managed Companies for a Second Consecutive Year
Montreal, March 9, 2016 – Croesus was named one of Canada’s Best Managed Companies in 2015 for a second consecutive year. Once again, the company is renowned for its world-class business practices and its ability to create value in innovative ways.
Established in 1993, the Best Managed program recognizes Canadian-owned and managed companies with revenues over $10 million demonstrating strategy, capability and commitment to achieve sustainable growth. The program is sponsored by Deloitte, CIBC, National Post, Smith School of Business and MacKay CEO Forums.
“I would like to recognize the entire efforts of Croesus. It takes a dedicated effort from an entire team to focus on a core vision, create stakeholder value and excel in the global economy to achieve this level of success,” said Peter Brown, Partner, Deloitte and Co-Leader, Canada’s Best Managed Companies program.
Over the years, Croesus has managed to carve out a forefront position in Canada, where it now holds 45% of the market share. As a result of continuous efforts in maintaining expertise and favoring innovation, the company continues to grow. Income and workforce have expanded by 116% and 188% respectively over the past five years.
“We owe this prestigious title to our employees. Because of their expertise and commitment, we can develop forward-thinking solutions and build privileged partnerships with each of our clients.” stated Croesus President, Mr. Rémy Thérrien.
Selected by an independent jury, winners were evaluated on their overall business performance, including leadership, strategy, core competencies, cross-functional collaboration throughout organization and talent.
“CIBC celebrates the 2015 winners of Canada’s Best Managed Companies, who have each demonstrated the highest levels of business excellence,” said Jon Hountalas, Executive Vice-President, Business and Corporate Banking, CIBC. “This year’s winners reinforce the significant impact that private companies make here in Canada by pursuing innovation and investing in meeting the needs of their clients.”
Since 1987, Croesus has been providing sophisticated wealth management solutions to financial institutions throughout North America. Currently, 9,700 investment professionals use Croesus solutions to manage over $800 billion in assets. With its 150 dedicated employees, Croesus is recognized for its ability to efficiently transform data into information, develop portfolio management solutions to drive efficiency and deliver business intelligence for fact-based decision making. Croesus works with its clients as partners, and the company’s goal is to ensure their long-term success. To add value, Croesus actively listens, learns and engages with them to develop technology solutions that are innovative, flexible and secure. Over the years, the company has built a culture based on core values related to work/life balance, personal development and giving back to the community. Croesus is a 2014 winner of Canada’s Best Managed Companies and has offices in Montreal, Toronto and San Diego.
About Canada’s Best Managed Companies
Canada’s Best Managed Companies continues to be the mark of excellence for Canadian-owned and managed companies with revenues over $10 million. Every year since the launch of the program in 1993, hundreds of entrepreneurial companies have competed for this designation in a rigorous and independent process that evaluates their management skills and practices. The awards are granted on five levels: 1) Best Managed winner (one of the new winners selected each year); 2) Requalified member (repeat winners retain the Best Managed designation for two additional years, subject to annual operational and financial review); 3) Gold Standard winner (After three consecutive years of maintaining their Best Managed status, these winners have demonstrated their commitment to the program and successfully reapplied for the designation); 4) Gold Requalified member (Gold Standard winners may requalify for two additional years, subject to annual operational and financial review); 5) Platinum Club member (winners that maintain Best Managed status for a minimum of six consecutive years). Program sponsors are Deloitte, CIBC, National Post, Smith School of Business and MacKay CEO Forums. For further information, visit www.bestmanagedcompanies.ca.
Frédéric Le Bouar
Director of Product Marketing and Business Promotion