Pender Growth Fund Announces Acquisition of a Private Portfolio Company
August 18 2021 - 10:41AM
Pender Growth Fund Inc. ("Pender" or the "Company") (TSXV: PTF) is
pleased to report that a private portfolio company, One45 Software,
Inc. ("One45"), has been acquired by Altus Assessments, Inc.
One45 has grown from an evaluation-only system
to a MedEd management platform that powers the unique operations,
data collection and reporting needs of over 100 medical schools
worldwide. Its analytics offering provides medical schools with
deep insights into program, cohort and individual student
performance. At its core is a data warehouse engine that allows
medical schools to seamlessly integrate and centralize MedEd data
sets in near real-time. One45 helps medical schools streamline
day-to-day operational details and provides easy access to the data
required to optimize programs and student performance.
“This transaction marks an important milestone
and a significant achievement for One45. Without the talented and
dedicated team, all of this would not have been
possible.” said David Barr, CEO of Pender Growth Fund. “We
have been proud supporters of One45 from the beginning and
throughout their journey in building an incredible solution to
assist medical schools with student training and support.”
Please see the Altus Assessment, Inc. news
release at the following link:
https://altusassessments.com/life-at-altus/altus-assessments-acquires-one45/
About Pender Growth FundThe
Company’s objective is to achieve long-term capital appreciation
for its investors. The Company utilizes its small capital base and
long-term horizon to invest in unique situations, primarily small
cap, special situations, and illiquid public and private companies.
The Company trades on the TSX Venture Exchange under the symbol
"PTF".
Please visit www.pendergrowthfund.com.
For further information, please contact:Tony
RautavaPenderFund Capital Management Ltd.(604)
653-9625Toll Free: (866) 377-4743
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 release.
Forward-Looking Information
This news release contains certain "forward looking statements" and
certain "forward-looking information" as defined under applicable
Canadian and U.S. securities laws (together, “forward-looking
statements”). Forward-looking statements can generally be
identified by the use of forward-looking terminology such as "may",
"will", "expect", "intend", "estimate", "anticipate", "believe",
"continue", "plans", "potential" or similar terminology. These
statements are based on the Company’s expectations, estimates,
forecasts and projections and include, without limitation,
statements regarding completion of the Potential Acquisition. The
forward-looking statements in this news release are based on
certain assumptions; they are not guarantees of future performance
and involve risks and uncertainties that are difficult to control
or predict. A number of factors could cause actual results to
differ materially from the results discussed in the forward-looking
statements, including, but not limited to, failure to satisfy the
closing conditions of the Potential Acquisition. There can be no
assurance that forward-looking statements will prove to be accurate
as actual outcomes and results may differ materially from those
expressed in these forward-looking statements. Readers, therefore,
should not place undue reliance on any such forward-looking
statements. Further, these forward-looking statements are made as
of the date of this news release and, except as expressly required
by applicable law, the Company assumes no obligation to publicly
update or revise any forward-looking statement, whether as a result
of new information, future events or otherwise.
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