|By Marketwired .||
|June 13, 2014 01:53 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 06/13/14 -- Cambridge Mercantile Group, a global payment and risk management solution provider, has been named on the 26th annual PROFIT 500 ranking of Canada's Fastest-Growing Companies by Canadian Business and PROFIT, improving its ranking by 17% over last year.
The firm's growth has increased at an accelerated rate in recent years, and 2014 has been no exception. This year's results were achieved by a continued emphasis on recruiting exceptional talent and developing the business across key verticals including Legal, E-commerce and Financial Institutions, as well as a definitive strategy towards bringing the company's technological capabilities, namely its online platform, to the forefront.
Cambridge has also expanded its business across new borders, bringing its own class of foreign exchange and payment expertise to regions such as Australia, a market where there is growing demand for non-bank services.
"It is once again a privilege to be recognized among the country's league of top entrepreneurs," says Bernard Heitner, Co-founder and CEO of Cambridge Mercantile Group. "Our success is never by chance but rather the outcome of having the right formula: a team of committed professionals, industry-leading products and services, and a loyal client base."
"The members of the PROFIT 500 are the elite of the country's entrepreneurial community," says James Cowan, Editor-in-Chief of Canadian Business and PROFIT. "Their stories are lessons in business strategy, innovation, management excellence and sheer tenacity."
About Cambridge Mercantile Group
Since its inception in 1992, Cambridge Mercantile Group has grown to become a leading provider of global payments and currency risk management solutions. With more than 14,000 clients worldwide, Cambridge is among the largest bank-independent providers of hedging and risk management products, powered by technologies widely regarded as industry leading. Cambridge delivers a superior level of service to clients through extensive knowledge of foreign exchange and award-winning operational capabilities, supported by an experienced trading, account management and consultative sales team. With offices strategically located across the globe, including North America, Europe and Australia, Cambridge facilitates the secure movement of over $23 billion annually. For more information, visit www.cambridgefx.com.
About PROFIT and PROFITguide.com
PROFIT: Your Guide to Business Success is Canada's preeminent media brand dedicated to the management issues and opportunities facing small and mid-sized businesses. For 32 years, Canadian entrepreneurs across a vast array of economic sectors have remained loyal to PROFIT because it's a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at PROFITguide.com.
About Canadian Business
Founded in 1928, Canadian Business is the longest-serving, best-selling and most-trusted business publication in the country. With a readership of more than 800,000, it is the country's premier media brand for executives and senior business leaders. It fuels the success of Canada's business elite with a focus on the things that matter most: leadership, innovation, business strategy and management tactics. We provide concrete examples of business achievement, thought-provoking analysis and compelling storytelling, all in an elegant package with bold graphics and great photography. Canadian Business - what leadership looks like.
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