Accelerating the performance of websites and web-based applications

March 24, 2011 — Vancouver, British Columbia

Strangeloop Networks Inc.

Four short years ago, a team of technology innovators in Vancouver, British Columbia, had an idea to revolutionize the performance and delivery of feature-rich websites without compromising people’s ability to use the website quickly and effectively.

But they needed help to turn their technically complex idea into a commercialized product while at the same time they needed to build their company infrastructure to research, test, build, market and deliver their product.

The National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP) and lead Industrial Technology Advisor (ITA), Dr. Rizwan Kheraj worked with the Chief Executive Officer (CEO) and their management team providing advice about Strangeloop Networks’ technology platform and their financing and put the company in a position to raise over $12 million in angel money. Dr. Kheraj’s ongoing support and expert advice on a range of topics, including intellectual property protection, product development and market focus, as well as his guidance in raising financing and mentorship of the executive team, was critical to the success of this project.

Through the successful and ongoing collaborative efforts established by Dr. Kheraj and his NRC-IRAP team, Strangeloop Networks’ commercialization success has resulted in significant benefits to Canada. Several highly skilled technical development jobs have been created and are located in Vancouver thus harnessing and building the technical competencies of the workforce in Canada. Patents for their innovative technologies have been filed.

ITAs from NRC-IRAP are adding legitimacy to our business every day that they’re involved – that’s hard to buy, Bixby says. By taking a calculated risk on companies whose products have promise and market potential, the National Research Council and NRC-IRAP are instrumental in supporting the entire technology sector in British Columbia.

Jonathan Bixby
CEO of Strangeloop Networks

Only 48 months after start-up, Strangeloop Networks is close to achieving break-even revenue, posting successive increases in revenue for the past 6 quarters. Strangeloop Networks’ products are uniquely responsible for increasing the productivity, conversion rates and online revenues of their customers. Global customers like Travelocity, Petco, O’Reilly Media, Autoanything and VISA have experienced a significant return on investment within weeks of implementing Strangeloop’s website optimization solutions. Strangeloop Networks has been recognized internationally as a technology innovator (Best of Microsoft TechEd in 2007 and 2008, Gartner Cool Vendor in 2008 and Network Products Guide Reader Trust Award for Best in Optimization 2009) as well as a Canadian high tech employer (Best Company to work for in British Columbia, under 100 employees, in 2008 and 2009, BCBusiness Magazine).

“With Rizwan’s assistance, we have been able to accomplish a great deal in only 48 months: We successfully raised over $12 million in angel money; we hired key technical staff to accelerate product development (total of over 30 technical positions created); we filed 8 patents; and we commercialized our technology to attract a number of marquee customers who experience significant benefits as a result of implementing our products” said Jonathan Bixby, Chief Executive Officer (CEO) of Strangeloop Networks.