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Business Profiles

- November 20, 2020

mdf commerce announces closing of the acquisition of Vendor Registry

Montréal, Canada, November 20, 2020 – mdf commerce inc. (“mdf commerce”) (TSX:MDF), a leader in SaaS commerce technology solutions, is pleased to announce the closing of the transaction previously announced on November 2, 2020 regarding the acquisition of Vendor Registry, Inc.

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- November 16, 2020

mdf commerce announces that its Chief Financial Officer will depart the Company at the end of the year

Montreal, Canada, November 16, 2020 – mdf commerce inc. (TSX:MDF), a leader in SaaS commerce technology solutions, announces that Paul Bourque, Chief Financial Officer, will leave the Company at the end of the year.

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- November 11, 2020

mdf commerce Reports Q2 2021 Total Revenue Growth of 14% Year-over-Year to 20.8 Million, driven by a 54% increase in Unified Commerce Revenue

Montreal, Canada, November 11, 2020 – mdf commerce inc. (TSX: MDF), a SaaS leader in digital commerce technologies, reported Q2 2021 financial results for the period ending September 30th, 2020. All dollars are expressed in Canadian currency.

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- November 9, 2020

mdf commerce Strategic Sourcing platform successfully implements online bidding system for Government of Newfoundland and Labrador

Montreal, Canada, November 9, 2020 – mdf commerce inc. (TSX:MDF), a leader in SaaS commerce technology solutions, is pleased to announce an agreement with the Government of Newfoundland and Labrador to streamline the provincial procurement process by implementing the MERX electronic procurement system, part of its end-to-end Strategic Sourcing platform. This agreement reinforces mdf commerce as a trusted partner for strategic sourcing solutions across North America.

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- November 6, 2020

mdf commerce Announces Closing of Bought Deal Public Offering

Montréal, Canada, November 6, 2020 – mdf commerce inc. (“mdf commerce” or the “Corporation”) (TSX:MDF), a leader in SaaS commerce technology solutions, announced today the closing of the previously announced public offering of an aggregate of 4,780,550 common shares at a purchase price of $10.00 per common share for aggregate gross proceeds to mdf commerce of $47,805,500, which includes the exercise in full by the underwriters of their over-allotment option to purchase up to 623,550 additional common shares (the “Offering”).

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- November 2, 2020

mdf commerce to acquire Vendor Registry, Inc., a provider of strategic sourcing solutions in the United States

Montréal, Canada, November 2, 2020 – mdf commerce inc. (“mdf commerce”) (TSX:MDF), a leader in SaaS commerce technology solutions, announced today that it has entered into an agreement, through its wholly-owned subsidiary, for the acquisition of substantially all of the assets of Vendor Registry, Inc. (“Vendor Registry”), a provider of strategic sourcing solutions in the United States. This acquisition aligns well with the 5-year strategic plan produced by mdf commerce during fiscal year 2020.

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- October 29, 2020

mdf commerce announces date of conference call for second quarter of fiscal 2021 financial results

Montreal, Canada, October 29, 2020 – mdf commerce inc. (TSX:MDF), a leader in SaaS commerce technology solutions, will hold a conference call to discuss second quarter 2021 financial results.

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- October 26, 2020

mdf commerce boosts innovation, sales and human resources capabilities by welcoming five new Vice Presidents

Montreal, Canada, October 26, 2020 – mdf commerce inc. (TSX:MDF), a leader in SaaS commerce technology solutions, announces the appointment of Yan Charbonneau as Vice President, Research and Development (R&D), Strategic Sourcing; Robert Craft as Vice President, Product, Strategic Sourcing; André Mainville as Vice President, Enterprise Sales, ecommerce; Shawn Walls as Vice President, SMB Sales, ecommerce and Julie Bélanger as Vice President, Human Resources at mdf commerce. These new team members, who have joined mdf commerce in the course of the past six months, are key to the successful implementation of the company’s strategic plan, which is focused on accelerating growth and delivering state-of-the-art products and services to its clients.

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- October 20, 2020

mdf commerce’s k-eCommerce solution announces strategic partnership with Enavate to make its products available to a broader customer base

Montreal, Canada, October 20, 2020 – mdf commerce inc. (TSX:MDF), a leader in SaaS commerce technologies, announces a partnership between its ecommerce solution k-eCommerce and Enavate, a Microsoft Gold Partner and certified reseller of Microsoft Dynamics 365.

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- October 19, 2020

mdf commerce inc. Announces Increase to Bought Deal Offering

Montréal, Canada, October 19, 2020 - mdf commerce inc. (TSX:MDF) ("mdf" or the "Company") announced today that, due to a stronger demand, it has agreed with a syndicate of underwriters led by Stifel GMP (together with the syndicate of underwriters, the "Underwriters"), to increase the size of its previously announced $40,000,000 bought deal offering. Pursuant to the upsized deal terms, the Underwriters have agreed to purchase, on a bought deal basis, 4,157,000 common shares (the "Common Shares") of the Company at a price of $10.00 per Common Share (the "Offering Price") for aggregate gross proceeds to mdf of $41,570,000 (the "Offering").

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- October 19, 2020

mdf commerce inc. Announces $40 Million Bought Deal Offering

Montreal, Canada, October 19, 2020 - mdf commerce inc. (TSX:MDF) ("mdf" or the "Company") announced today that it has entered into an agreement with a syndicate of underwriters led by Stifel GMP (the "Lead Underwriter" and together with the syndicate of underwriters, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase on a bought deal basis 4,000,000 common shares of the Company (the "Common Shares") at a price of $10.00 per Common Share (the "Offering Price") for gross proceeds of $40,000,000 (the "Offering").

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- October 15, 2020

mdf commerce announces the closing of its bank refinancing under monthly recurring revenue (MRR)-based CAD$50 million senior secured credit agreement

Montréal, Canada, October 15, 2020 – mdf commerce inc. (“mdf commerce”) (TSX:MDF), a leader in SaaS commerce technology solutions, announces today the closing of its bank refinancing previously announced on October 14, 2020 regarding the conclusion of the monthly recurring revenue (MRR)-based CAD$50 million senior secured credit agreement.

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- October 14, 2020

mdf commerce enters into a monthly recurring revenue (MRR)- based CAD$50 million senior secured credit agreement

Montréal, Canada, October 14, 2020 – mdf commerce inc. (“mdf commerce”) (TSX:MDF), a leader in SaaS commerce technology solutions, is pleased to announce that it has secured credit facilities of up to CAD$50 million by entering into a senior credit agreement with The Bank of Nova Scotia and Roynat Capital Inc. Closing of the new senior secured credit agreement is contemplated to occur on or about October 15, 2020, subject to the satisfaction of certain conditions precedent that are customary for financing transactions of this nature.

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- October 9, 2020

mdf commerce releases its most powerful k-eCommerce upgrade to date focused on improving user buying experience

Montreal, Canada, October 9, 2020 – mdf commerce inc. (TSX:MDF), a leader in SaaS digital commerce technologies, announces a milestone release of its unified commerce solution k-eCommerce. The new release provides a range of key improvements and new tools that highlight mdf commerce’s ongoing investments in product innovation, which is a key element of the company’s strategic plan. The k-eCommerce solutions of mdf commerce serve the ecommerce needs of approximately 700 SMBs across North America and has onboarded over 80 new clients just in the past six months.

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- October 8, 2020

mdf commerce announces strategic partnership with KPMG, boosting go-to-market capabilities for its ecommerce solutions

Montreal, Canada, October 8, 2020 – mdf commerce inc. (TSX:MDF), a leader in SaaS commerce technologies, is proud to announce a strategic partnership with KPMG for the distribution and onboarding of its ecommerce solutions. This partnership is part of mdf commerce’s goal of significantly expanding its go-to-market capabilities within the high-growth, high-potential sector that is ecommerce. This partnership represents a key milestone in the company’s efforts to expand its partner networks and subsequent market reach.

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- October 2, 2020

mdf commerce transformation in the news

Since the company was rebranded to mdf commerce as part of its strategic plan focused on accelerated growth in the Unified Commerce and Strategic Sourcing sectors, mdf commerce has been in the news. Here are some of the articles covering our transformation.

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- September 25, 2020

mdf commerce publishes results on shareholders votes for the election of its directors and confirms the approval of the name change

Montreal, Canada, September 25, 2020 – mdf commerce inc. (“mdf commerce”) (TSX:MDF), a leader in SaaS commerce technology solutions, publishes today the results of the shareholders vote for the election of directors during its annual and special meeting (the “Meeting”) held Wednesday, September 23, 2020, to which more than 600 people participated.

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- September 24, 2020

Mediagrif becomes mdf commerce, a new brand for powerful commerce technology solutions

Montreal, Canada, September 24, 2020 – Mediagrif Interactive Technologies Inc. (TSX:MDF), a leader in SaaS commerce technology solutions, is announcing a change of its identity to mdf commerce inc. effective immediately. The new identity is one of the components of the company’s strategic plan of refocusing its efforts in order to accelerate growth in the Unified Commerce and Strategic Sourcing sectors. This rebranding was approved at the annual general meeting held yesterday and reflects the evolution of the company and its vision for the future as a unified commerce technology company servicing forward-looking businesses.

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- September 15, 2020

Mediagrif places among top Canadian companies on The Globe and Mail’s Women Lead Here benchmark of executive gender diversity

Montreal, Canada, September 15, 2020 – Mediagrif Interactive Technologies Inc. (TSX:MDF), a leader in SaaS commerce technologies, is proud to announce it has earned a spot on the inaugural Report on Business Women Lead Here list, an annual benchmark of executive gender diversity in corporate Canada.

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- August 12, 2020

Mediagrif reports Financial Results for First Quarter Fiscal 2021

Significant 48% growth recorded for the Unified Commerce. Montreal, Canada, August 12, 2020 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a leader in SaaS digital commerce technologies, today released its financial results for the first quarter of fiscal 2021 which ended on June 30, 2020. All dollar amounts are expressed in Canadian currency and are prepared in accordance with International Financial Reporting Standards (IFRS).

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- August 4, 2020

Mediagrif Strategic Sourcing awarded contract lifecycle management (CLM) contract with NHS London Procurement Partnership (LPP) in the United Kingdom

Montreal, Canada, August 4, 2020 – Mediagrif Interactive Technologies Inc. (TSX:MDF), a leader in SaaS commerce technologies, is pleased to announce the award of a framework agreement with the NHS LPP to provide best-of-breed CLM solutions and services from its Strategic Sourcing ASC platform.

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- July 30, 2020

Mediagrif announces date of conference call for first quarter of fiscal 2021 financial results

Montreal, Canada, July 30, 2020 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a leader in SaaS commerce technologies, will hold a conference call to discuss first quarter 2021 financial results.

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- July 23, 2020

Mediagrif’s e-Commerce solution partners with Logic to extend market reach

Longueuil, Canada, July 23, 2020 – Mediagrif Interactive Technologies Inc. (TSX:MDF), a SaaS leader in digital commerce technologies, is proud to announce a partnership with Logic Information Systems Inc., a global leader in retail consulting. Moving forward, Logic will become a channel partner by offering Mediagrif’s Orckestra solutions to its retail clients, amplifying Mediagrif’s sales capacities and ability to scale. This partnership is in line with Mediagrif’s goal of accelerated growth, which is a central element of its strategic plan.

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- July 14, 2020

Mediagrif’s Strategic Sourcing continues its accelerated growth in the United States by signing The Canning Group, which onboards 17 new government agencies in the state of New Jersey

Longueuil, Canada, July 14, 2020 – Mediagrif Interactive Technologies Inc. (TSX:MDF), a leader in SaaS commerce technologies, is delighted to welcome The Canning Group to its platform bidnetdirect.com. The addition of this group confirms the platform’s rapid growth trajectory, which was accelerated by the increased tendering needs triggered by the COVID-19 situation.

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- July 2, 2020

Mediagrif e-commerce platform chosen as exhibitor at new Retail TechLab in Copenhagen

Longueuil, Canada, July 2nd, 2020 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a leader in SaaS commerce technologies, is proud to announce that its enterprise-grade e-commerce solution – Orckestra – has been selected as one of the exhibitors at the new Retail TechLab in Copenhagen.

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- June 29, 2020

Mediagrif reports Financial Results for Fourth Quarter and Full Year Fiscal 2020 and Outlook

Transformation to a Digital Commerce SaaS Company is well under way. Recurring revenue growth is accelerating. Longueuil, Canada, June 29, 2020 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a leader in digital commerce technologies, today released its financial results2 for its fourth quarter and full year fiscal 2020 which ended on March 31st, 2020. All dollar amounts are expressed in Canadian currency and are prepared in accordance with International Financial Reporting Standards (IFRS).

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- June 19, 2020

Mediagrif announces date of conference call for fourth quarter of fiscal 2020 financial results

Longueuil, Canada, June 19, 2020 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in SaaS commerce technology solutions, will hold a conference call to discuss fourth quarter 2020 financial results.

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- June 18, 2020

As announced in its strategic plan, Mediagrif continues to modernize its solutions by launching a brand new version of its site offering Supply Chain solutions

Longueuil, Canada, June 18, 2020 – Mediagrif Interactive Technologies Inc. (TSX: MDF), leader in commerce technologies, is pleased to announce that following the major overhaul of its MERX.com platform on May 28, it is now launching its new InterTrade.com site. InterTrade Systems Inc. has been part of the larger Mediagrif family since 2010 and is the solution that Mediagrif offers its clients to simplify, optimize and secure their supply chain.

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- May 28, 2020

Luc Filiatreault presents Mediagrif growth strategy at first Virtual TSX Technology Investor Day

On May 28, Luc Filiatreault, President & CEO of Mediagrif, spoke at the first Virtual Technology Investor Day hosted by Toronto Stock Exchange and TSX Venture Exchange. Mediagrif was among the 10 public and private Canadian technology companies invited to participate in the event.

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- May 28, 2020

Mediagrif launches a more powerful MERX.com, reinforcing MERX as Canada’s premier e-tendering service and largest business network

Longueuil, Canada, May 28, 2020 – Mediagrif Interactive Technologies Inc. (TSX: MDF) is pleased to announce the launch of a greatly improved version of MERX.com, Canada’s leading source for business opportunities. Active for the past 20 years, Canada’s premier website for business opportunities has gone through a significant upgrade from both a technology and user experience perspective.  

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- May 21, 2020

Mediagrif completes $16 million bought deal private placement

Longueuil, Canada, May 21, 2020 – Mediagrif Interactive Technologies Inc. (TSX: MDF) ("Mediagrif" or the "Company") is pleased to announce that it has completed its previously announced upsized bought deal offering, under which a total of 2,909,091 common shares of Mediagrif (the "Common Shares") were sold at a price of $5.50 per Common Share for aggregate gross proceeds of $16,000,000.50, including Common Shares issued pursuant to the partial exercise of the over-allotment option granted to the Underwriters (as defined below) (the "Offering"). The Offering was conducted by a syndicate of underwriters led by Echelon Wealth Partners Inc., and including Acumen Capital Finance Partners Limited, Desjardins Securities Inc. and Laurentian Bank Securities Inc. (the “Underwriters”).

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- May 12, 2020

Mediagrif announces upsize of its previously announced private placement financing to c$15 million

Longueuil, Canada, May 12, 2020 – Mediagrif Interactive Technologies Inc. (TSX: MDF) ("Mediagrif" or the "Company"), is pleased to announce that in connection with its previously announced bought deal private placement offering, the Company and a syndicate of underwriters led by Echelon Wealth Partners Inc., and including Acumen Capital Finance Partners Limited, Desjardins Securities Inc. and Laurentian Bank Securities Inc., have agreed to increase the size of the offering. The Company will now issue 2,727,300 Common Shares (the “Common Shares”) from treasury at a price of C$5.50 per Common Share (the "Issue Price") for gross proceeds of approximately C$15 million (the “Offering”).

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- May 7, 2020

Mediagrif in the news

In the past week, Mediagrif has been in the news. Here is an overview of the most recent media coverage.

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- May 7, 2020

In La Presse: A good crisis for Mediagrif

The following article has been translated from the original (Une crise salvatrice pour Mediagrif) with the authorization of the journalist (Richard Dufour) and the media (La Presse). After seeing its profitability erode, Longueuil-based tech firm Mediagrif notes that the COVID-19 crisis has had an unexpectedly positive impact on its activities.

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- May 4, 2020

Mediagrif announces C$10,000,000 bought deal offering

Longueuil, Canada, May 4, 2020 – Mediagrif Interactive Technologies Inc. (TSX: MDF) ("Mediagrif" or the "Company"), is pleased to announce that it has entered into an agreement with a syndicate led by Echelon Wealth Partners Inc. ("Echelon"), to purchase, on a bought deal basis, 1,818,200 Common Shares (the “Common Shares”) of the Company at a price of C$5.50 per Common Share (the "Issue Price") for gross proceeds of approximately C$10,000,000 (the “Offering”).

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- April 20, 2020

Mediagrif mobilizes expertise and technology to ensure business continuity for clients operating in critical sectors

Longueuil, Canada, April 20, 2020 – Mediagrif Interactive Technologies Inc. (TSX:MDF), a leader in commerce technology, is finding new ways to help its customers across North America and in parts of Europe and Asia during these unprecedented times. Our sectors of activity are vital in ensuring business continuity in critical areas such as medical equipment, groceries as well as public sector sourcing for multiple levels of governments and agencies

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- March 25, 2020

COVID-19: Update on the situation at Mediagrif

We are here for you. We want to reiterate our solidarity with all those on the front lines to limit the spread of the virus, and to voice our support to those who are experiencing the consequences of this pandemic. As the COVID-19 virus continues to impact the global community, we wish to inform you of the measures taken at Mediagrif and its subsidiaries to ensure the continuity of our operations, which have an impact on the business activities of our local and international clients.

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- February 11, 2020

Mediagrif reports Third Quarter 2020 Financial Results and Presents the Company’s new 5-Year Strategic Plan

Longueuil, Canada, February 11, 2020 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a leader in commerce technologies, today unveiled its financial results2 for the third quarter of fiscal 2020 which ended on December 31st, 2019. The Company also announced the completion and launch of its new strategic plan which outlines its three main pillars of growth, and key areas of operational focus.

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- February 6, 2020

Mediagrif announces date of conference call for third quarter of fiscal 2020 financial results

Longueuil, Canada, February 6, 2020 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in SaaS commerce technology solutions, will hold a conference call to discuss third quarter 2020 financial results.

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- January 29, 2020

InterTrade among the first official solution providers to become a GS1 US Certified Identification Partner

Longueuil, Canada, January 29, 2020 – InterTrade Systems Inc., a leading provider of B2B supply chain integrated solutions and part of Mediagrif Interactive Technologies Inc. (TSX: MDF), announced today that it is one of seven companies to first become a  GS1 US Certified Identification Partner – a program where InterTrade will help direct and educate its customers on how to quickly obtain a GS1 Company Prefix and create authentic Global Trade Item Numbers (GTINs), simplifying the process for issuing unique product identification and therefore improving their product-to-market efficiency.

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- January 27, 2020

Polygon contributes to the Tom Foody Scholarship Program

On January 18, 2020, Polygon participated in the Chicago Jewelers Association’s (CJA) 145th-anniversary Black Tie Gala and was a proud sponsor of the Tom Foody Scholarship Program, which helps students from low-income families obtain scholarships for college and university.

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- January 8, 2020

Orckestra delivers innovative shopping experiences through peak season with new Unified Product Management solution and serverless cloud architecture

Longueuil, Canada, January 8, 2020 – Orckestra Technologies Inc., a leading omnichannel commerce platform for innovative retailers and brands and subsidiary of Mediagrif Interactive Technologies Inc. (TSX: MDF), today announced the release of Orckestra Commerce Cloud 4. This update provides significant new features and enhancements, including Orckestra’s new Unified Product Management solution.

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