Waterloo (Ontario), CANADA, September 12, 2013 – World renowned for its cultivation of technology entrepreneurship, Waterloo’s Accelerator Centre announced today that I Think Security Ltd. and Monstercat Inc. are the latest companies to graduate from its award-winning Accelerator Program. The Accelerator Program has graduated 33 companies into the marketplace since its inception in 2005, generating 1000 jobs, and contributing more than $90 million in revenue to the Waterloo Region economy.
Cyber risk is now a top priority for CEOs of enterprises large and small, and a single security breach can lead to millions in lost revenue and reputation damage. I Think Security, founded by cryptologist and security expert Dr. Cédric Jeannot, provides bulletproof security solutions for the enterprise aimed at protecting a company’s most sensitive corporate information. I Think Security’s products for data protection, cloud security and mobile security leverage military-level encryption, yet are easily installed and deployed within even the largest organizations. I Think Security products are in use in more than fifteen countries worldwide.
With singles charting at #1 worldwide on Beatport, albums hitting #1 on iTunes dance charts in over 16 countries, and more than 1 million plays on YouTube, Monstercat is proving to the world that independent labels have the ability to reshape the music industry landscape, while supporting up and coming musicians. The company was founded by University of Waterloo grads, Ari Paunonen and Mike Darlington.
“We continue to be so incredibly proud of our graduates, who continue to make a significant and meaningful contribution to the economy of Waterloo Region. Today’s graduates, I Think Security and Monstercat are literally at opposite ends of the technology spectrum, with one company providing solutions to a highly risk averse enterprise audience, while the other surfaces musical talent within the electronic music scene. Yet both companies excel at what they do, and have a tremendous future ahead of them, thanks to the mentorship, business advice, education and support they have received through the Accelerator Centre’s Accelerator Program,” says Tim Ellis, CEO of the Waterloo Accelerator Centre and Accelerator Program Inc.
About the Accelerator Centre
The Accelerator Centre, located within Waterloo’s David Johnston Research and Technology Park, is a world-renowned, award-winning facility dedicated to developing and commercializing technology start-ups. Through its Accelerator Program, early-stage companies benefit from in-depth business coaching and seamless support services, including access to office facilities, coaching and mentoring, education, connections to capital, networking, R&D support and outreach, talent recruitment, technology transfer assistance, and commercialization expertise, enabling technology start-ups to move to market faster, create jobs and stimulate economic activity.
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