Wellington Financial Provides US$5.5 Million Financing to Online Software Company

Santa Monica, CA (July 7, 2011) - Wellington Financial LP, a privately-held specialty finance firm, today announced that it recently closed a US$5.5 million venture debt financing for a California-based provider of online software and services. The company supports over $2 Billion in annual third party sales. The company’s existing investor base includes several venture capital firms based in the Palo Alto area. Cooley LLP provided legal advice on this transaction.

Since 2004, Wellington Financial LP has led or participated in more than $375 million in transactions, making it one of the most active funds of its kind in North America.

About Wellington Financial LP

Wellington Financial LP is a privately-held specialty finance firm providing revolving lines of credit, term, venture and amortizing loans up to $30 million. Wellington Financial LP is currently managing a $450 million investment program via Wellington Financial Fund III, with offices in Toronto, Canada and Santa Monica, California. Wellington Financial LP is managed by a partnership controlled by fund management and Clairvest Group Inc. (CVG:TSX), who jointly have contributed a large financial stake to Fund III. LPs include several of Canada’s largest institutional investors, crown corporations, financial institutions and pension funds.

For additional information:

Lyndsey Fisk-Calhoun
Wellington Financial LP
lfisk-calhoun@wellingtonfund.com