March 9, 2017
Cambridge Global Payments recognized as one of Canada's best managed companies
TORONTO -- For the second year in a row, Cambridge Global Payments is recognized as one of Canada's Best Managed Companies in 2017. The 2017 Best Managed program honours the best-in-class of Canadian-owned and managed companies with revenues over $15 million demonstrating strategy, capability and commitment to achieve sustainable growth.
"Cambridge had an exceptional year in 2016, achieving several milestones along the way," said Gary McDonald, chief executive officer of Cambridge Global Payments. "A major highlight was the launch of our newly refreshed and rebranded online trading platform, Cambridge Link. Cambridge Link is designed with the latest technology and offers clients a new level of online functionality and friendly user experience. We also made significant headway in our plan to establish the Cambridge brand in more markets around the world, opening operations in Spain, France and Italy, further expanding our European presence."
"Our journey over the past 25 years has been truly extraordinary," continued McDonald. "In the past two decades we have grown from a regional foreign exchange brokerage to a global industry leader in B2B cross border payments and hedging solutions. This is a tribute to the efforts of our leadership team and skilled employees. We are extremely proud to be recognized as one of Canada's Best Managed Companies for a second consecutive year."
Cambridge's strategy is centred on continuous innovation by developing customized technologies designed to automate the end-to-end cross-border payment process, establishing a world class portfolio of foreign exchange payment and hedging solutions, and enhancing the skill and knowledge of the entire Cambridge workforce.
"It's much more than just financial performance," said Lorrie King, Partner, Deloitte and Co-Leader, Canada's Best Managed Companies program. "The ingredients to success also include overall business performance and sustained growth. It takes dedication and commitment from the entire organization."
2017 winners of the Canada's Best Managed Companies award will be honoured at the annual Canada's Best Managed Companies gala in Toronto on April 19, 2017. On the same date, the Best Managed symposium will address leading-edge business issues that are key to the success of today's business leaders.
The Best Managed program is sponsored by Deloitte, CIBC, Canadian Business, Smith School of Business and MacKay CEO Forums.