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The Finalists 2014 Cantech Letter TSX Venture Tech Exec of the Year

cantechwoodAt the 2014 Cantech Investment Conference, Paradigm’s Barry Richards predicted 2014 would be the year that the sector rotation that pumped up the prices of large and mid cap tech stocks would trickle down to smallcaps.

While returns overall are mixed, techs certainly outperformed their mining and metals counterparts. The Venture Exchange stocks that performed best are, in general, a reflection of quality. While these are clearly junior opportunities, many of the top performers in the TSX Venture tech index in 2014 had not just a sexy idea, but meaningful revenue, and in some cases, were already posting a profit. Many of the best, as evidenced by the finalists here, had great leadership.

Here, in alphabetical order according to company name, are the three executives our judges, an anonymous poll of sell-side analysts, thought were the three best candidates for 2014 Cantech Letter TSX Venture Tech Executive of the Year. You can vote for your favourite at the bottom of the page. The winner will be presented the award at the Cantech Letter Awards Gala Dinner, (brought to you by Difference Capital and Wildeboer Dellelce) which follows the Cantech Investment Conference, January 15th at the Toronto Convention Centre.

Rob Bakshi, Apivio Systems (TSXV:APV)

The encore. What happens when you are successful enough to have sold your company for a truckload of cash but too young to retire? When Rob Bakshi sold Vancouver-based CCTV firm Silent Witness to Honeywell in 2003 for $90-million, he was just 44 years old. For Bakshi, who made his way from rural India when he was just 13 and worked a series of grinding jobs to establish his family in Canada, laying on a beach or putting around on a golf course simply didn’t fit his personality profile. The inevitable offers to take a board position or consult came along, but Bakshi knew he had a sequel in him. That opportunity came along in the form of Moimstone, a company he was introduced to in 2009. Bakshi an opportunity in the company, which has since changed its name to Apivio Systems, to transition from the hardware segment of the VOIP business to a more lucrative role as a software provider.

Jim Wilson, Sylogist (TSXV:SYZ)

Jim Wilson guided Calgary-based Sylogist, an enterprise application software company, to a tremendous year on the back of acquisitions. In July, the company acquired fellow-Alberta tech Serenic for $8.1-million. “The financial value of this acquisition is compelling, while the strategic value provides product affinities with other Sylogist’ portfolio companies and a global growth platform,” he said.

Hamed Shahbazi, TIO Networks (TSXV:TNC)

Hamed Shahbazi recently got to do what many CEOs don’t: comment on a quarter in which his company posted 100% year-over-year growth. “We had a truly superb quarter and year driven by significant organic and inorganic growth,” he said. “Fiscal 2014 was a year marked by the successful execution of large-scale and meaningful initiatives that have positioned Tio for further growth. Going forward, we are confident about our growth prospects in fiscal 2015, which will include a full years contribution of both Globex and ChargeSmart revenue — we have never been stronger. We continue to focus on opportunistic acquisition and growth opportunities.”

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About The Author /

Cantech Letter founder and editor Nick Waddell has lived in five Canadian provinces and is proud of his country's often overlooked contributions to the world of science and technology. Waddell takes a regular shift on the Canadian media circuit, making appearances on CTV, CBC and BNN, and contributing to publications such as Canadian Business and Business Insider.
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