Monthly Newsletter
February 2015
First AceTech Ontario Annual General Meeting

As AceTech Ontario continues to grow, it has become important for us to put more formal processes in place to ensure that the organization meets the needs of all our members and is run with appropriate governance.  To that end, we have amended our bylaws to become compliant with pending not-for-profit legislation and we will be starting to hold Annual General Meetings each March to keep our members informed of our operations and financial performance as well as strategy and direction.


Our first Annual General Meeting will take place as part of our Quarterly Dinner on March 25th.  Invitations will be sent out shortly.  At this AGM we will be conducting some important business for AceTech including:

  • approving our new bylaws
  • voting in a slate of Directors for the Board
  • reviewing the 2014 Annual Financial Statements
  • sharing the 2015 Vision and Strategy for the Organization


We are very hopeful that all of our CEO and Executive members can attend.   For those that cannot, your roundtable leader will be providing and collecting Proxies to allow them to vote on your behalf.  Please fill one out if you are unable to attend.  Looking forward to seeing you there! 


In This Issue
Mike McDerment Speaking at Quarterly Dinner
Winning From Home


You're building a tech company here. You've heard the siren call to Silicon Valley. In every sense, the Valley is "it" for all things tech -- a hotbed for top talent, expertise, networks and capital. But while the allure is strong, there are many great reasons not to be there. CEO and co-founder Mike McDerment has spent a decade building FreshBooks, a cloud-based accounting software company with more than 10 million users, from here in Toronto. Please join us at our next Quarterly Dinner on March 25th as Mike shares his experience building from home and his vision for a thriving Canadian tech sector. 


Invitations will be coming out very shortly.  Be sure to register online to attend. 

Ken Bender Speaking at Annual Retreat
Back by Popular Demand!!!

Ken Bender, Founder and Managing Director of Software Equity Group, has been consistently rated as one of AceTech Ontario members' favourite speakers.  We are thrilled to announce he will be joining us again at our Annual Retreat this year....and he wants YOU to help customize his presentation for our members!

Ken will be speaking on the following Topics:

The Financial State of the Software Industry:2015

Public Software, SaaS and Internet Company Financial Performance

Software Industry Mergers and Acquisitions

Software, SaaS and Internet Deals: Transaction Volumes, Median Exit Valuations, Highest Value Categories, and Market Insights

Software M&A 2015: What Lies Ahead?

Results of our 2015 Buyers Survey and What It Means for You

Exit Timing: Our Latest Research and Guidance

Knowing When, and How, to Achieve Your Highest Exit Multiple

 And finally:

Lessons Learned From Guiding and Advising Three Thousand Software Companies Over 25 Years:


Topics Currently Under Consideration:

  • The Software Company Achilles Heel: How to Overcome It

  • Pricing Licenses, Subscriptions and Services: Knowing When to Hold 'Em or Raise

  • Revenue vs. Profit: Choosing Wisely When You Can't Have It All

  • R&D and Product Strategies That Propel Higher Exit Multiples: Out Front or Far Ahead?

  • Growth Equity Tradeoffs: Are You Really Investment Needy, and Worthy? Are You Prepared for the Downside?

  • Stock Options: When Sharing the Wealth Doesn't Make Sense

  • Board Governance: Be Careful What You Ask For

  • Your Management Team: How It Impacts Salability and Exit Value

  • Know Your Limits: When and Where to Get Help

  • Business Wisdom: Buddhist Practices and The Mindful CEO

Attention Acetech Annual Retreat Attendees: Want some guidance about an area that's particularly troubling to you? Suggest an additional area you'd like Ken to cover during his keynote by emailing

Tony vanMarken Speaking at Annual Retreat
Opening Keynote on Thursday June 4th

Leadership on the Edge - Lessons learned on the world's great mountains


We are thrilled to confirm that Tony vanMarken will be joining us at our Annual Retreat in June.  Tony uses unique video footage and photographs from over 30 high altitude expeditions including his ascent of Everest and the SevenSummits to provide audiences with a powerful and inspiring audiovisual experience.


With a look back at some of the great successes and failures in the world of mountaineering as well as his own experiences Tony looks at the lessons learned on the world's great mountains and how they can be applied in a business context. 

AceTech Ontario is a sponsor at next year's CollabCon! Register before January 31st with discount code ACETECH to receive both early bird and AceTech Ontario discounts. Click here to register.

AceTech Ontario is working with Dx3 to offer members a discount to either attend the conference or have their very own booth. Register here using discount code 


Jamie Cuthbert, CEO at AutoServe 1

Neil Wainwright, CEO at Nexonia

Dennis Ensing, COO & Interim CEO at TransGaming

Mike Abramsky, President at Argus Software

Liz Rideout, VP Sales & Marketing at Percy3D

Padraig O'Shea, Director of Marketing at Intrafinity

Steve Randall, VP Marketing at Geosoft

Dan Rowe, Product Manager at IndustryBuilt