“Over the past three years, the pandemic has shown that employers who are agile and innovative as it relates to their compensation strategy will win the day. CompTrak is evolving to meet the emerging market needs with new and strengthened product offerings,” said Perry Doody, CompTrak Co-Founder. “We are grateful for the incredible companies we work with and the new BDC partnership will accelerate the next phase of CompTrak’s journey and enable expansion of our product and growth strategies.”

Co-Founder and Chief Operating Officer Lasse Silegren added, “The platform continues to offer a more immersive and intelligent experience, allowing organizations to make better informed decisions at each stage of the compensation process. It’s better data at the right time to enable the best decision for your organization, helping organizations eliminate unconscious bias, promote fair pay and ensure your most vulnerable talent are compensated, ensuring retention.”

About CompTrak

CompTrak is an award-winning Compensation Management Software company which provides organizations a configurable end-to-end solution to effectively manage all components of compensation from base pay to bonus, equity, and long-term incentives. Helping businesses maximize the value of compensation, they currently support companies of all sizes across various sectors from financial services to retail, manufacturing, and technology. CompTrak’s industry-leading employee experience reinforces the importance of communication as part of an organization’s reward strategy.

About BDC Capital

BDC Capital is the investment arm of BDC, the bank for Canadian entrepreneurs. With over $3 billion under management, BDC Capital serves as a strategic partner to the country’s most innovative firms. It offers businesses a full spectrum of capital, from seed investments to growth equity, supporting Canadian entrepreneurs who have the ambition to stand out on the world stage.

SOURCE CompTrak