Office of the Official Opposition
For Immediate Release

St. John's, NL (November 19, 2020) – Ches Crosbie, PC Official Opposition Leader and MHA for Windsor Lake, and Barry Petten, PC Shadow Minister for Industry, Energy and Technology, and MHA for Conception Bay South, are congratulating Verafin and their team on their announced sale to NASDAQ.

Crosbie says that, “The PC Official Opposition wishes to congratulate Verafin on this historic day in Newfoundland and Labrador. This homegrown company has experienced tremendous success and their firm commitment to remain headquartered in our province is welcome news. Verafin has been a shining example of the ingenuity here in Newfoundland and Labrador, and will continue to inspire others well into the future.”

Founded in 2003 by Newfoundland and Labrador’s own Jamie King, Raymond Pretty, and Brendan Brothers, Verafin provides fraud detection software to thousands of banks and financial institutions.

Petten says, “A deal of this scale in Newfoundland and Labrador is simply incredible. Our team is delighted to see Verafin’s success and their commitment to reinvesting in their home province. Witnessing a company of this magnitude start, grow, and succeed, in our province should make all Newfoundlanders and Labradorians proud.”
 

Contacts:

Bradley Russell

Director of Communications and Digital Strategy

(p) 1.709.729.3668

BradleyRussell@gov.nl.ca

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