Montreal, March 10, 2015 – Croesus was named one of Canada’s Best Managed Companies in 2014 for excellence in business performance. Sponsored by Deloitte, CIBC, National Post, Queen’s School of Business and MacKay CEO Forums, Canada’s Best Managed Companies is one of the country’s leading business awards programs that recognizes Canadian companies that have implemented world-class business practices and created value in innovative ways.
“CIBC celebrates the accomplishments of this year’s winners who have demonstrated the highest levels of business excellence,” said Jon Hountalas, Executive Vice-President, Business Banking, CIBC. “We applaud their ability to adapt to the changing marketplace and the evolving needs of their clients.”
Established in 1993, the Best Managed award recognizes Canadian owned and managed companies with revenues over $10 million for sustained growth, financial performance, management practices and the efforts of the entire organization. Applicants are evaluated by an independent judging panel on how they address various business challenges, including new technologies, globalization, brand management, leadership, leveraging and developing core competencies, designing information systems, and hiring the right talent to facilitate growth.
“This award is the result of our daily efforts to develop lasting partnerships with our clients and inspire our employees. It proves that it is possible to build a successful organization based on fundamental values. I hope this will inspire other entrepreneurs to pursue their dreams and enter into business for the right reasons,” states Croesus President Remy Therrien.
“Today’s market place is not just about financial performance; it is also about the investment in the people. Croesus invests in their team to build up a strong and stable company,” says Peter Brown, National Co-Leader of Canada’s Best Managed Companies Program and Senior Practice Partner, Deloitte.
Since 1987, Croesus has been providing highly sophisticated and intuitive portfolio management and CRM solutions to wealth management firms across North America. Currently, 9,500 investment professionals use the Croesus application to manage over $700 billion in assets. Croesus enables its clients to build trust with investors through tailored investment solutions and transparent business practices. With its 120 dedicated employees, Croesus has built a reputation on the ability to efficiently implement its software, migrate large complex data successfully and provide accurate performance calculations. By continuously investing in R&D, Croesus ensures it stays ahead of its clients’ needs and provides them the technological edge they need to remain competitive. Croesus has offices in Montreal, Toronto and San Diego. For more information, visit www.croesus.com.
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 four 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. Companies may requalify for two additional years, subject to annual operational and financial review; 4) Platinum Club member (winners that have maintained Best Managed status for seven years or more). Program sponsors are Deloitte, CIBC, National Post, Queen’s School of Business and MacKay CEO Forums. For further information, visit www.bestmanagedcompanies.ca.
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