Blackline Safety takes connected safety technology worldwide
Based in Calgary, Blackline Safety aims to transform the industrial workplace by offering connected safety technology to companies around the globe.
By 20 July 2023 2 min read
Blackline Safety is a global connected safety technology leader headquartered in Calgary and Colchester, with offices in Houston, Lille, and Dubai. The company’s vision is to transform the industrial workplace through connected safety technology.
Blackline Safety started as a small geomatics company in 2004 and has since become a global leader in industrial safety technology. The company ranked in Deloitte’s Technology Fast 500 TM as one of North America’s fastest-growing tech organizations and got listed on the TSX in 2021.
“Blackline’s success has been fueled by innovation,” said Cody Slater, CEO and Chair of Blackline Safety. “Continually investing in our products and development has allowed us to expand into a global market with customers in more than 100 countries.”
As Blackline Safety grows internationally, it requires funds for product development, sales, marketing,and global operations. That’s where ATB Financial can help.
“We toured the Blackline Safety facility in Calgary and immediately got on board with the CEO’s vision,” said Tim Hart, Managing Director, Investment Banking, Head of Diversified Industries and Growth & Innovation at ATB Financial. “Helping Blackline Safety expand is in the best interest of the Alberta and Canadian economies, and we can provide the financial capital needed for growth.”
As an Alberta-based company, Blackline Safety has always known about ATB.
“We thought of ATB as the bank around the corner,” said Slater. “We didn’t know if they would understand our business as well as other financial institutions that work with tech firms. But we were wrong. Partnering with ATB gives us the best of both worlds—a local bank with experts who understand our industry and technology.”
ATB has supported Blackline Safety’s growth with the following solutions:
- Corporate banking. Offering access to a range of loans and working capital that could be invested towards product development and sales teams.
- Senior credit facility
- Institutional research. ATB’s Growth & Innovation team reads Blacklines financials and disclosures to understand the company’s strategy and then makes recommendations to institutional investors who are looking to invest in the tech sector
- Sales and trading. ATB has learned how to pitch the company to potential investors and are well-positioned to speak with fund managers who might buy Blackline Safety stock.
“Our relationship with ATB has been excellent,” said Slater. “They’ve gone beyond just reviewing our financials and have taken the time to understand our business and market, which makes a real difference for us.”