|By PR Newswire||
|January 8, 2014 07:15 AM EST||
RADNOR, Pa., Jan. 8, 2014 /PRNewswire/ -- Conestoga Capital Advisors, LLC is pleased to announce that Robert M. Mitchell and William C. Martindale, Jr., co-managers of the Conestoga Small Cap Fund, have been nominated for Morningstar's 2013 Domestic-Stock Fund Manager of the Year award in the United States. The award acknowledges managers who Morningstar determined through its criteria have achieved not only significant accomplishments in 2013, but have also experienced long-term success.
"We are excited to have been nominated by Morningstar for this award," said Bill Martindale, "and we are proud of the investment results we have achieved for our clients and Fund shareholders through the years." Formed in 2001, Conestoga manages small- and mid-capitalization stock portfolios for institutional investors, high net worth individuals, and sub-advisory relationships. The Conestoga Small Cap Fund was launched in October 2002, and now has over $700 million in net assets. The firm has grown steadily since inception, and manages over $1.7 billion in total assets. The firm is 100% employee-owned by the six managing partners.
Martindale and Mitchell have co-managed investment portfolios together since 1995, when they began working together at Martindale's previous firm, Martindale Andres & Co. Rounding out the investment team at Conestoga are Joseph Monahan, David Lawson, and David Neiderer. Monahan and Lawson are also managing partners at Conestoga, having joined the firm in 2008. Bob Mitchell added, "We all share a passion for our investment approach, and we have a very collaborative culture for identifying, researching and selecting stocks for the Fund."
The Conestoga Small Cap Fund seeks to provide long-term growth of capital through a portfolio invested in small-cap companies. The investment team searches for profitable companies, which they believe have sustainable earnings growth rates, strong financial characteristics, and insider ownership. Conestoga conducts intensive fundamental analysis on every company prior to purchasing the stock into the Fund.
Looking to the future, Conestoga has begun offering a SMid Cap investment strategy to its separate account clients, and plans to launch a mutual fund, the Conestoga SMid Cap Fund, at the end of January 2014. The SMid Cap strategy represents a blend of both small- and mid-capitalization stocks, and Conestoga believes the new strategy will be a natural extension of its investment expertise. "The Morningstar Domestic-Stock Fund Manager of the Year award nomination is a proud achievement for all of us at Conestoga," said Mark Clewett, Managing Partner and Director of Institutional Sales. "But we won't be resting on our laurels, we're looking forward to continuing to serve our clients and Fund shareholders in the years ahead."
The information herein relating to the SMid Cap Fund is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. This press release is not an offer to sell these securities and is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.
Please consider the investment objectives, risks and charges and expenses of the Funds discussed in this press release carefully before investing. This and other information can be found in the prospectus and summary prospectus. A free prospectus or summary prospectus, which contains detailed information, including fees and expenses, and the risks associated with investing in these Funds, can be obtained by calling 1-800-494-2755 or writing to the Fund at Conestoga Funds, 259 N. Radnor-Chester Road, Radnor Court, Suite 120, Radnor, PA 19087. Read the prospectus or summary prospectus carefully before investing.
Securities distributed by Arbor Court Capital, LLC.
Morningstar Inc.'s awards are based on qualitative evaluation and research, thus subjective in nature and should not be used as the sole basis for investment decisions. Morningstar's awards are not guarantees of a fund's future investment performance. Morningstar, Inc. does not sponsor, issue, sell, or promote any open-end mutual funds including Conestoga Capital Advisors funds.
About Conestoga Capital Advisors, LLC
Conestoga Capital Advisors, LLC ( www.conestogacapital.com ) is an independent investment advisory firm with over $1.7 billion in assets under management as of December 31, 2013. The firm specializes in the management of small- and mid-cap equities. Conestoga Capital Advisors' investment style is conservative high-quality growth. The firm's portfolio managers utilize a fundamental, bottom-up research approach with a long-term investment focus.
SOURCE Conestoga Capital Advisors, LLC
SYS-CON Events announced today that Spirent Communications, the leader in testing navigation and positioning systems, will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Spirent Communications enables innovations in communications technologies that help connect people. Whether it is service provider, data centers, enterprise IT networks, mobile communications, connected vehicles or the Inte...
Oct. 10, 2015 01:00 AM EDT Reads: 200
WebRTC services have already permeated corporate communications in the form of videoconferencing solutions. However, WebRTC has the potential of going beyond and catalyzing a new class of services providing more than calls with capabilities such as mass-scale real-time media broadcasting, enriched and augmented video, person-to-machine and machine-to-machine communications. In his session at @ThingsExpo, Luis Lopez, CEO of Kurento, will introduce the technologies required for implementing thes...
Oct. 10, 2015 01:00 AM EDT Reads: 755
Achim Weiss is Chief Executive Officer and co-founder of ProfitBricks. In 1995, he broke off his studies to co-found the web hosting company "Schlund+Partner." The company "Schlund+Partner" later became the 1&1 web hosting product line. From 1995 to 2008, he was the technical director for several important projects: the largest web hosting platform in the world, the second largest DSL platform, a video on-demand delivery network, the largest eMail backend in Europe, and a universal billing syste...
Oct. 10, 2015 01:00 AM EDT Reads: 238
Containers are revolutionizing the way we deploy and maintain our infrastructures, but monitoring and troubleshooting in a containerized environment can still be painful and impractical. Understanding even basic resource usage is difficult - let alone tracking network connections or malicious activity. In his session at DevOps Summit, Gianluca Borello, Sr. Software Engineer at Sysdig, will cover the current state of the art for container monitoring and visibility, including pros / cons and li...
Oct. 10, 2015 12:00 AM EDT Reads: 265
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Oct. 10, 2015 12:00 AM EDT Reads: 174
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and Containers together help companies to achieve their business goals faster and more effectively.
Oct. 10, 2015 12:00 AM EDT Reads: 219
As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ability. Many are unable to effectively engage and inspire, creating forward momentum in the direction of desired change. Renowned for its approach to leadership and emphasis on their people, organizations increasingly look to our military for insight into these challenges.
Oct. 9, 2015 11:15 PM EDT Reads: 206
SYS-CON Events announced today that Dyn, the worldwide leader in Internet Performance, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Dyn is a cloud-based Internet Performance company. Dyn helps companies monitor, control, and optimize online infrastructure for an exceptional end-user experience. Through a world-class network and unrivaled, objective intelligence into Internet condit...
Oct. 9, 2015 11:00 PM EDT Reads: 650
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi's VP Business Development and Engineering, will explore the IoT cloud-based platform technologies driv...
Oct. 9, 2015 10:15 PM EDT Reads: 143
The IoT market is on track to hit $7.1 trillion in 2020. The reality is that only a handful of companies are ready for this massive demand. There are a lot of barriers, paint points, traps, and hidden roadblocks. How can we deal with these issues and challenges? The paradigm has changed. Old-style ad-hoc trial-and-error ways will certainly lead you to the dead end. What is mandatory is an overarching and adaptive approach to effectively handle the rapid changes and exponential growth.
Oct. 9, 2015 10:00 PM EDT Reads: 245
Who are you? How do you introduce yourself? Do you use a name, or do you greet a friend by the last four digits of his social security number? Assuming you don’t, why are we content to associate our identity with 10 random digits assigned by our phone company? Identity is an issue that affects everyone, but as individuals we don’t spend a lot of time thinking about it. In his session at @ThingsExpo, Ben Klang, Founder & President of Mojo Lingo, will discuss the impact of technology on identity....
Oct. 9, 2015 10:00 PM EDT Reads: 453
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. Migration to cloud shifts computing resources from your data center, which can yield significant advantages provided that the cloud vendor an offer enterprise-grade quality for your application.
Oct. 9, 2015 09:30 PM EDT Reads: 318
DevOps is gaining traction in the federal government – and for good reasons. Heightened user expectations are pushing IT organizations to accelerate application development and support more innovation. At the same time, budgetary constraints require that agencies find ways to decrease the cost of developing, maintaining, and running applications. IT now faces a daunting task: do more and react faster than ever before – all with fewer resources.
Oct. 9, 2015 09:00 PM EDT Reads: 416
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
Oct. 9, 2015 08:00 PM EDT Reads: 319
The web app is agile. The REST API is agile. The testing and planning are agile. But alas, data infrastructures certainly are not. Once an application matures, changing the shape or indexing scheme of data often forces at best a top down planning exercise and at worst includes schema changes that force downtime. The time has come for a new approach that fundamentally advances the agility of distributed data infrastructures. Come learn about a new solution to the problems faced by software organ...
Oct. 9, 2015 08:00 PM EDT Reads: 937