ArticleEstablished Customer Base and Revenue Growth a Great Match for TIMIA's Non-Dilutive Capital Solution see more
Source: Yahoo Finance
TIMIA Enters into $2 Million Financing Facility with Echosec
Established Customer Base and Revenue Growth a Great Match for TIMIA's Non-Dilutive Capital Solution
VANCOUVER, BC / ACCESSWIRE / April 24, 2019 / TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V:TCA / OTC:TIMCF) today announced that it has entered into a three year, $2 million investment facility for Victoria, BC-based software company, Echosec Systems Inc., ("Echosec"). The initial disbursement amount of $1 million has been advanced and a further $1,000,000 is to be disbursed upon certain milestones being met over the term of the agreement.
"Our flexible capital structure allows Echosec to increase their marketing and sales efforts to expand within their existing market, and explore new promising opportunities," said Greg Smith, CIO of TIMIA. "We're providing growth capital to a great company who understand how to provide value and service through their software with established customers ranging from small business to enterprise."
"The cost of capital includes critical factors such as dilution, debt servicing and access to more capital as we scale," said Karl Swannie, CEO of Echosec. "Finding flexible and non-dilutive financing solutions was our goal, and TIMIA provided the capital within a framework that worked for us and our team. We look forward to working with TIMIA going forward as a financial partner."
TIMIA is continuously seeking new and exciting investments in the software as a service or SaaS industry. Under TIMIA's revenue-based financing model, TIMIA advances capital to a SaaS business with a recurring revenue stream that allows the portfolio company to make monthly payments to TIMIA that are a combination of principal and interest with a repayment schedule sculpted to the portfolio company's revenue streams. The amounts advanced are secured and may be repaid early. The Company expects to make further investments in the coming months, in the pursuit of its business model, which is to earn a combination of monthly payments and periodic gains on investments.
About Echosec Systems Inc.
Echosec is a web-based data discovery platform that helps organizations detect online data for threat intelligence. Aggregating and mapping content from hundreds of sources including social media, blogs, news, and the Dark Web (with Beacon), Echosec gives users instant visibility into any place on earth through a digital window. Echosec uses machine learning technology to recognize Images and keywords so users get notified when specific content is posted. Beacon is the newest service offering from Echosec, and is a dark web search platform. For more information, please visit: https://www.echosec.net.
About TIMIA Capital Corporation
TIMIA Capital Corporation is a specialty finance company that provides growth capital to technology companies in exchange for payments based on monthly revenue. This alternative financing option complements both debt and equity financing, while allowing entrepreneurs and existing stakeholders to retain ownership and control of their business. TIMIA's singular focus is the fast growing, global, business-to-business Software-as-a-Service (or SaaS) segment. We align ourselves with entrepreneurial management teams growing their sales from $1 Million to $10 Million in Annual Recurring Revenue. For more information about TIMIA Capital Corporation, please visit www.timiacapital.com
For more information, please contact:
Vice President, Capital Markets & Communications
Mike Walkinshaw, CEO
TIMIA Capital Corporation
Director of Marketing & Communications
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
ArticleVictoria-based Echosec Launches "Beacon," an Anonymous Dark Web Search Tool for Security and Public Safety OrganizationsEchoSec launches dark web search tool for security and public safety organizations. see more
Victoria-based Echosec Launches "Beacon," an Anonymous Dark Web Search Tool for Security and Public Safety Organizations
Victoria, BC, April 8, 2019--(T-Net)--Echosec, a leader in online data aggregation and information discovery announced this week that it has launched Beacon, a dark web search platform.
Beacon is a dark web intelligence tool that helps security teams and public safety professionals find key information from the dark web safely through a regular web browser.
Previously, the only way to access the dark web was through a TOR browser.
The dark web is non-indexed and non-secure, yet searching it is crucial for security and public safety organizations as it is a hotbed for nefarious activity. Beacon provides users a single point of entry into the dark web and presents critical information in a structured and consistent way. Organization of dark web data makes analysis of it more efficient and threat intelligence actionable for law enforcement, security and risk managers.
"Beacon helps teams to quickly identify information that can prepare them for the worst-case scenario" says Michael Raypold, Chief Technology Officer of Echosec. "Through Beacon, users can identify threats quickly and enable efficient issues management."
A basic Beacon search can provide intelligence on subjects like drug trafficking, sale of firearms and hacker data.
A search conducted on April 2, 2019 found 42272 instances of hacker data using the keyword "Canadian," likewise drugs returned 1329 and gun 593 results respectively. More advanced search functions in Beacon have produced results like information on the sale of social security numbers and identities, email addresses, credit card numbers. Beacon found 1310 results for PIN's (Personally Identifiable Information) on April 2.
Beacon is commercially available and is simple and safe to interact with for users of all backgrounds. However, due to the sensitive nature of the dark web, Echosec meets with potential customers to review and approve their case before providing access. Echosec says it also takes steps to ensure Beacon use is compliant with Canadian privacy laws and data provider terms. More information about Beacon may be found at https://www.echosec.net/darknet/
Echosec is a web-based data discovery platform that helps organizations detect online data for threat intelligence. Aggregating and mapping content from hundreds of sources including social media, blogs, news, and the Dark Web (with Beacon), Echosec gives users instant visibility into any place on earth through a digital window. Echosec uses machine learning technology to recognize Images and keywords so users get notified when specific content is posted. Beacon is the newest service offering from Echosec, and is a dark web search platform. For more information, please visit: https://www.echosec.net/
Tessa Bousfield posted an articleThis report is a collection of snapshots of 22 tech startups located or founded in Victoria BC... see more
Source: Haro Ventures Startup Report - Intro
Haro Ventures releases 2017 Victoria, BC "Startup Report"
What does Victoria’s tech ecosystem look like? And how can sharing this information help all the players involved in building our community?
This report is a collection of snapshots of 22 tech startups located or founded in Victoria BC, gathered over the last quarter of 2016. We share glimpses into the company market opportunities, directions, go-to-market strategies and unique differentiators. We learn about the entrepreneurs’ vision for the future of their companies, about the times they’ve wanted to give up, and what kept them going.
The information in this report was gathered using semi-structured interviews with company CEO’s, founders, and team members. Relevant qualitative answers are displayed on the company snapshot pages, and quantitative data has been gathered for an aggregate display at the end of the report.
We call these insights snapshots because we acknowledge that the information provided could very well change over the next several years, and represents where the companies are at at specifically at this point in time.
We hope to provide an informative and well-rounded picture of what the tech startup scene in Victoria looks like in early in 2017. This report was created for individuals curious about our awesome city and tech community, potential investors looking for the next big thing, and even entrepreneurs wishing to learn more about their peers.
To download the full report, click here: https://silkstart.s3.amazonaws.com/58d2a1ac68621338f7f3fba5.pdf
Tessa Bousfield posted an article10 to Watch winners include three VIATEC Members and a VIATEC VAP Program Participant! see more
Douglas Magazine is excited to announce the winners of their seventh annual 10 to Watch Awards. These awards highlight the very best of Vancouver Island’s new businesses.
Victoria, BC - April 7, 2016 - The winners were announced at an awards ceremony last night at The Union Club in downtown Victoria and were selected by an independent panel of judges that included business owners and representatives of the University of Victoria Peter Gustavson School of Business and Royal Roads University School of Business. The 2016 10 to Watch winners include three VIATEC Members and a VIATEC VAP Program Participant!
The winners are:
- E-Quick Eco Courier (Victoria), http://www.e-quick.ca/
- Easy Job Quote (Victoria), http://easyjobquote.com/
- Echosec (VIATEC Member!), https://www.echosec.net/
- Enigmatic Events (VIATEC Member!), http://www.enigmaticevents.com/
- Joma Environmental (Victoria), http://jomaenv.ca/
- LlamaZoo Interactive (VIATEC Member!), http://www.llamazoo.com/
- Resthouse Sleep Solutions (Duncan), https://resthouse.ca/
- TellWell (VIATEC VAP Program participant!), http://tellwell.ca/
- The Wandering Mollusk Oyster Catering Co. (Victoria), http://www.wanderingmollusk.com/
- Toque Catering (Victoria), http://www.toquecatering.com/
“These 10 winners are an inspiring group who dare to think different,” says Lise Gyorkos, whose company Page One Publishing produces Douglas magazine. “Not only do they demonstrate innovation and a dedication to their businesses, they embody the entrepreneurial spirit that the 10 to Watch Awards were created to champion.”
Now in their 7th year, the 10 to Watch Awards recognize Vancouver Island's best new companies, which have been in business for three years or less. Previous winners include: DeeBees Organics, Flytographer, Indochino, SendtoNews, Rumble Energy Drink, Parc Modern Interiors, Cook Culture and Shaw Ocean Discovery Centre.
Douglas is Vancouver Island’s business magazine, published by award-winning Page One Publishing. Page One also publishes YAM Magazine, Victoria’s lifestyle magazine, and Salt, a Vancouver Island travel and lifestyle magazine for Calgary, Edmonton and Vancouver readers.
Douglas Editor-in-Chief, Kerry Slavens and select winners will be available for interviews, upon request.
For further information and interviews, contact:
Kerry Slavens, Editor-in-Chief, Douglas Magazine
ABOUT THE WINNERS:
E-Quick Eco Courier (Victoria), http://www.e-quick.ca/
Can a courier company make the world a better place? E-Quick Eco Courier is a zero-emissions courier, delivery and distribution system that promotes sustainability and environmental awareness in everything it does.
Easy Job Quote (Victoria), http://easyjobquote.com/
An online marketplace that brings homeowners and contractors together for a fair bidding process, Easy Job Quote helps homeowners prepare projects for tender and its blind bidding system simplifies the process for contractors.
Echosec (Victoria), https://www.echosec.net/
This tech company is making waves globally with its location-based social-media monitoring and analytics platform. From city happenings to war zones, Echosec takes you beyond the nightly news, straight to the people posting.
Enigmatic Events (Victoria), http://www.enigmaticevents.com/
This event planner helps your business by facilitating team building. Enigmatic Events provides a "gameful" way of doing meetings, allowing for real results that carry over into a business’s project work.
Joma Environmental (Victoria), http://jomaenv.ca/
A triple-bottom-line company focused on protecting the quality of our drinking water, soil and air, Joma Environmental’s waste and recycling systems manage contaminated-site remediation, emergency–spill response, hazardous waste-disposal and ecological reclamation.
LlamaZoo Interactive (Victoria), http://www.llamazoo.com/
An edtech platform that allows veterinary students to learn anatomy from 3D digital models instead of textbooks and dissection, LlamaZoo helps students become more engaged and universities reduce the big costs of running labs.
Resthouse Sleep Solutions (Duncan), https://resthouse.ca/
Sleep specialists who know that one-size-fits all doesn’t work when it comes to bedding, Resthouse Sleep Solutions focus on customized solutions and organic options to help its customers get the best night's sleep.
TellWell (Victoria), http://tellwell.ca/
A self-publishing company that gives its authors 100-per-cent net royalties, TellWell makes its money on services rather than mark-up and book sales, keeping its authors’ best interests at heart.
The Wandering Mollusk Oyster Catering Co. (Victoria), http://www.wanderingmollusk.com/
This boutique catering company’s passion for oysters is turning Victoria into a mollusk-lover’s paradise, as The Wandering Mollusk brings its ocean-to-table philosophy and a contagious enthusiasm for the seafood to its venues.
Toque Catering (Victoria), http://www.toquecatering.com/
A catering company that knows farm-to-table is more than a trend, Toque Catering uses local and sustainable products in its aim to fill an untapped niche in a Victoria market that craves upscale comfort food and customizable menus.