Wellington Financial Provides Financing for BorderWare
TORONTO, Ontario -- Wellington Financial LP, a privately held specialty finance firm, announced a $2.1 million follow-on debenture financing for Mississauga-based BorderWare Technologies Inc. The initial round of financing in the amount of $6.4 million closed on February 28, 2007. BorderWare is a provider of messaging security, privacy and compliance solutions for carriers, enterprises and government. The latest round, combined with an incremental $3.75 million invested by BorderWare’s existing equity investors, will be used to fuel further growth opportunities for the company.

“BorderWare’s significant momentum combined with outstanding opportunities in their marketplace, make this a very attractive opportunity for Wellington Financial,” said Mark Usher, Partner at Wellington Financial. “BorderWare continues to be a high growth company with significant potential and we are very pleased to provide them with the True Growth Capital they require.”

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