MISSISSAUGA – Sikh-Canadian led tech company DataWind Inc., a leader in low-cost internet connectivity for emerging markets, was honored with initiating the siren to open trading at Toronto Stock Exchange (TSX) this week.
The event celebrated the Company’s recent initial public offering, successfully completed on July 8th, raising gross proceeds of CAN$30 million to expand the implementation of its patented and proprietary technology across emerging markets.
Raja Singh Tuli, Co-Chairman and CTO, Suneet Singh Tuli, President and CEO, and other members of the DataWind management team joined Michael Kousaie, Head of Business Development, Technology, Toronto Stock Exchange and TSX Venture Exchange, to mark the occasion.
“It is an absolute delight for DataWind to be part of the market opening ceremony today, said Suneet Singh Tuli. “Our IPO on the TSX represents a major milestone for DataWind and gives us the resources to implement the next stage of our vision to bring the internet to billions of unconnected people in the developing world. The internet impacts nearly every aspect of modern society and serves as a powerful economic stimulator. Yet, only a small percentage of individuals in developing countries have internet access.”
Following the successful debut of DataWind’s range of low cost tablet computers and internet solution by the Secretary General of the United Nations Ban-Ki-Moon, the Canadian company is now on a mission to empower the digitally disenfranchised to join the internet age.
DataWind has been recognized by the MIT Technology Review in its 2014 list of the World’s 50 Smartest Companies, as the Company is acknowledged for its ability to break the affordability barrier with tablet computers for the population at the base of the pyramid, while delivering internet access on existing networks.
