Nov 03
Entrepreneurs Undaunted by Global Economic Slowdown
Elastic Path is in the news again — the Financial Post’s Entrepreneurs undaunted by global slowdown highlights Elastic Path as one of the 60% of 200 companies surveyed by KPMG LLP that plans to expand globally despite the economic slump.
As technology brings the world closer together, more entrepreneurs are seeking to expand by introducing their products and services to foreign markets. Some look to the United States while others see opportunities in far-flung regions of the globe.
A recent study by KPMG LLP shows that despite the slumping economy worldwide, nearly two-thirds of private company owners in Canada intend to forge ahead with global expansion plans in the next five years.
Many that have made inroads outside Canada are enjoying consistent success. Harry Chemko, chief executive officer of Vancouver-based Elastic Path Software Inc., and Jason Billingsley, vice-president, innovation, built the business into a $10-million company, with 85% of its revenue […]