Financial Post – NexJ Systems Plans Initial Public Offering

Toronto’s NexJ Systems Inc. is planning an initial public offering (IPO) on the Toronto Stock Exchange and has filed a preliminary prospectus with securities regulators across Canada.

The prospectus was filed with regulatory authorities in all provinces and territories, except Quebec, on March 31.

NexJ’s cloud-based customer relationship management software (CRM) is used by organizations in the financial services, insurance and health care industries, including Morgan Stanley Smith Barney LLC, Wells Fargo Advisors LLC and ATB Financial Investor Services.

Between 2007 and 2010, NexJ’s revenue grew from $930,000 to $22.5-million, with compound annual growth of about 189%.

Read the full article here: