HSBC Names Toon Boom Biz of the Year

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Canadian animation software company Toon Boom Animation Inc. has won the inaugural HSBC International Business of the Year – Small and Medium Enterprise Award. The Award is part of the Business without Borders program and honors Canadian companies that have successfully reached out into the international market.

“Canada is home to over 2.3 million businesses – the overwhelming majority of which are small and medium enterprises – and we are a nation of traders. HSBC Bank Canada is very proud to celebrate their accomplishments internationally,” said Mark Watkinson, Senior Executive Vice President, Head of Commercial Banking, North America, HSBC. “Toon Boom embodies the spirit of entrepreneurship and opportunity in global business, and we salute their accomplishments.”

Toon Boom President and CEO Joan Vogelsang said of the Award, “It such an honor to be acknowledged for the amazing work the Toon Boom team has been doing internationally for 15 years, not only with the prestigious studios such as Disney and Warner Brothers, but also in the areas of education and online business.”

Eligibility for the Award requires that firms be a majority Canadian owned (50.1 percent), headquartered in Canada, generate at least 10 percent of their revenue from  activities outside Canada, and have a minimum sales of $2.5 million CAD for each of the last two fiscal years. Applications were selected by a judging committee drawn from Canadian Business magazine, The Globe and Mail Report on Business,

Import Export Canada, the Economist Intelligence Unit, the Desautels Faculty of Management at McGill University, and the Sauder School of Business at the University of British Columbia. PwC Canada performed due diligence on all the finalists. Full eligibility requirements can be found on www.bwob.ca/awards.