Blue Mantis Earns Number 60 Spot on the 2025 CRN® Fast Growth 150
PORTSMOUTH, N.H., Aug. 05, 2025 (GLOBE NEWSWIRE) -- Blue Mantis, a security-first IT services provider specializing in helping clients achieve business modernization by applying next-generation technologies, today announced that CRN®, a brand of The Channel Company®, has ranked Blue Mantis number 60 on the 2025 CRN Fast Growth 150 list. This recognition reflects the company's 64 percent growth over the past two years, rising from number 125 in 2023 to its current position.
The CRN Fast Growth 150 list highlights the top-performing and fastest-growing technology solution providers, including integrators, managed service providers, value-added resellers and IT consultants in North America. Over the past two years, solution providers on the Fast Growth 150 have achieved remarkable sales growth, propelled by their innovative strategies and advanced technological expertise, particularly in areas such as artificial intelligence, security and cloud computing.
'It's an honor for Blue Mantis to be ranked number 60 on CRN's Fast Growth 150 list,' said Josh Dinneen, CEO of Blue Mantis. 'This recognition reflects the numerous milestones we've achieved over the past two years, including our significant year-over-year revenue growth, as well as the increasing trust our clients and partners place in us. As we continue to grow with purpose, we remain focused on delivering innovative solutions and strong channel programs that help our customers succeed in this competitive environment.'
'Each company on the Fast Growth 150 list is harnessing its extensive technology acumen and forward-looking business strategy to accelerate growth and evolve to stay ahead in the fast-moving IT arena,' said Jennifer Follett, VP, U.S. Content, and Executive Editor, CRN, The Channel Company. 'These notable companies show passion and commitment to finding success, supporting agility, and delivering enduring outcomes for customers. We congratulate each of them and look forward to their continued growth and evolution.'
About The Channel Company: The Channel Company (TCC) is the global leader in channel growth for the world's top technology brands. We accelerate success across strategic channels for tech vendors, solution providers, and end users with premier media brands, integrated marketing and event services, strategic consulting, and exclusive market and audience insights. TCC is a portfolio company of investment funds managed by EagleTree Capital, a New York City-based private equity firm. For more information, visit thechannelco.com.
About Blue Mantis Blue Mantis is a security-first IT services provider with a 30+ year history of successfully helping clients achieve business modernization by applying next-generation technologies including AI, cloud, collaboration, cybersecurity and managed services. Headquartered in Portsmouth, NH with office locations in greater Boston, Tampa Bay, Toronto and Bangalore, India, the company provides digital technology services and strategic guidance to ensure clients quickly adapt and grow through automation and innovation. Blue Mantis partners with more than 2,500 leading mid-market and enterprise organizations in a multitude of vertical industries and is backed by the leading private equity firm, Recognize. For more information, please visit www.bluemantis.com.
Contact:Paola Hernandez Touchdown PR (512) 599-4015 tdbm@touchdownpr.comSign in to access your portfolio
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Common Equity Tier 1 ("CET 1") and Tier 1 Capital to risk-weighted assets ratios2 were 18.90% at June 30, 2025 compared to 19.12% at March 31, 2025 and 19.02% at December 31, 2024. Total Capital to risk-weighted assets ratio2 was 19.22% at June 30, 2025 compared to 19.43% at March 31, 2025 and 19.28% at December 31, 2024. Leverage ratio2 was 9.32% at June 30, 2025 compared to 9.64% at March 31, 2025 and 9.72% at December 31, 2024. All of our capital and leverage ratios are within our internal risk appetite and regulatory guidelines. 1 Considered to be a non-GAAP and other financial measure. For further details, refer to the "Non-GAAP and Other Financial Measures" section of this new release. Non-GAAP and other financial measures and ratios used in this document are not defined terms under IFRS and, therefore, may not be comparable to similar terms used by other issuers. 2 These measures have been calculated in accordance with OSFI's Leverage Requirements and Capital Adequacy Requirements guidelines. 3 Tax balances are calculated in accordance with the Tax Act. FURTHER INFORMATION See our complete 2025 Second Quarter Report filed on the System for Electronic Document Analysis and Retrieval ("SEDAR+") at and on the Company's website at For our Outlook, refer to the "Outlook" section of the 2025 Second Quarter Report. MCAN is a public company listed on the Toronto Stock Exchange under the symbol MKP and is a reporting issuer in all provinces and territories in Canada. MCAN also qualifies as a Mortgage Investment Corporation ("MIC") under the Income Tax Act (Canada). MCAN is the largest MIC in Canada and the only federally regulated MIC that issues term deposits eligible for Canada Deposit Insurance Corporation deposit insurance. MCAN's primary objective is to generate a reliable stream of income by investing in a diversified portfolio of Canadian mortgages, including residential mortgages, residential construction, non-residential construction, and commercial loans, as well as other types of securities, loans, and real estate investments. MCAN is Investing in Communities and Homes for Canadians. For how to enroll in the DRIP, please refer to the Management Information Circular dated March 21, 2025 or visit our website at Under the DRIP, dividends paid to shareholders are automatically reinvested in common shares issued out of treasury at the weighted average trading price for the five days preceding such issue less a discount of 2% until further notice from MCAN. 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These metrics are considered to be non-GAAP and other financial measures and are incorporated by reference and defined in the "Non-GAAP and Other Financial Measures" section of our 2025 Second Quarter Management's Discussion and Analysis of Operations ("MD&A") available on SEDAR+ at Below are reconciliations for our non-GAAP financial measures included in this news release using the most directly comparable IFRS financial measures. Net Non-securitized Mortgage Spread Income Non-GAAP financial measure that is an indicator of net interest profitability of income-earning assets less cost of funding for our non-securitized mortgage portfolio. It is calculated as the difference between non-securitized mortgage interest and term deposit interest and expenses. (in thousands) Q2 Q2 Change YTD YTD Change For the Periods Ended June 30 2025 2024 ($) 2025 2024 ($) Mortgage interest - non-securitized assets $ 46,882 $ 48,422$ 92,030 $ 96,430Term deposit interest and expenses 25,502 27,52650,384 53,596Net Non-securitized Mortgage Spread Income $ 21,380 $ 20,896 $ 484 $ 41,646 $ 42,834 $ (1,188) Net Securitized Mortgage Spread IncomeNon-GAAP financial measure that is an indicator of net interest profitability of income-earning securitization assets less cost of securitization liabilities for our securitized mortgage portfolio. It is calculated as the difference between securitized mortgage interest and interest on financial liabilities from securitization. (in thousands) Q2 Q2 Change YTD YTD Change For the Periods Ended June 30 2025 2024 ($) 2025 2024 ($) Mortgage interest - securitized assets $ 18,960 $ 14,695$ 37,702 $ 28,035Interest on financial liabilities from securitization 16,276 12,49332,312 23,680Net Securitized Mortgage Spread Income $ 2,684 $ 2,202 $ 482 $ 5,390 $ 4,355 $ 1,035 A CAUTION ABOUT FORWARD-LOOKING INFORMATION AND STATEMENTS This news release contains forward-looking information within the meaning of applicable Canadian securities laws. All information contained in this news release, other than statements of current and historical fact, is forward-looking information. All of the forward-looking information in this news release is qualified by this cautionary note. Often, but not always, forward-looking information can be identified by the use of words such as "may," "believe," "will," "anticipate," "expect," "planned," "estimate," "project," "future," and variations of these or similar words or other expressions that are predictions of, or indicate, future events and trends and that do not relate to historical matters. Forward-looking information in this news release includes, among others, statements and assumptions with respect to: the current business environment, economic environment and outlook; possible or assumed future results; our ability to create shareholder value; our business goals and strategy; the potential impact of new regulations and changes to existing regulations as well as any changes in tax legislation; the stability of home prices; the effect of challenging conditions on us; the performance of our investments; factors affecting our competitive position within the housing lending market; international trade, including changes in tariffs, international economic uncertainties, failures of international financial institutions and geopolitical uncertainties and their impact on the Canadian economy; sufficiency of our access to liquidity and capital resources; the timing and effect of interest rate changes on our cash flows; and the declaration and payment of dividends. Forward-looking information is not, and cannot be, a guarantee of future results or events. Forward-looking information reflects management's current beliefs and is based on information currently available to management. Forward-looking information is based on, among other things, opinions, assumptions, estimates and analyses that, while considered reasonable by us at the date the forward-looking information is provided, inherently are subject to significant risks, uncertainties, contingencies and other factors that may cause actual results and events to be materially different from those expressed or implied by the forward-looking information. The material factors or assumptions that we identified and were applied by us in drawing conclusions or making forecasts or projections set out in the forward-looking information, include, but are not limited to: our ability to successfully implement and realize on our business goals and strategy; government regulation of our business and the cost to us of such regulation; factors and assumptions regarding interest rates, including the effect of Bank of Canada actions already taken; the effect of supply chain issues; the effect of inflation; housing sales and residential mortgage borrowing activities; the effect of household debt service levels; the effect of competition; systems failure or cyber and security breaches; the availability of funding and capital to meet our requirements; investor appetite for securitization products; the value of mortgage originations; the expected spread between interest earned on mortgage portfolios and interest paid on deposits; the relative uncertainty and volatility of real estate markets; acceptance of our products in the marketplace; the stage of the real estate cycle and the maturity phase of the mortgage market; impact on housing demand from changing population demographics and immigration patterns; our ability to forecast future changes to borrower credit and credit scores, loan to value ratios and other forward-looking factors used in assessing expected credit losses and rates of default; availability of key personnel; our operating cost structure; the current tax regime; and operations within, and market conditions relating to, our equity and other investments. External geopolitical conflicts and government and Bank of Canada economic policy have resulted in uncertainty relating to the Company's internal expectations, estimates, projections, assumptions and beliefs, including with respect to the Canadian economy, employment conditions, interest rates, supply chain issues, international trade, inflation, levels of housing activity and household debt service levels. There can be no assurance that such expectations, estimates, projections, assumptions and beliefs will continue to be valid. The impacts that any further or escalating geopolitical conflicts will have on our business is uncertain and difficult to predict. Reliance should not be placed on forward-looking information because it involves known and unknown risks, uncertainties and other factors, which may cause actual results to differ materially from anticipated future results expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from those set forth in the forward-looking information include, but are not limited to, the risk that any of the above opinions, estimates or assumptions are inaccurate and the other risks and uncertainties referred to in our Annual Information Form for the year ended December 31, 2024, our MD&A and our other public filings with the applicable Canadian regulatory authorities. Subject to applicable securities law requirements, we undertake no obligation to publicly update or revise any forward-looking information after the date of this news release whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and any forward-looking information. However, any further disclosures made on related subjects in subsequent reports should be consulted. SOURCE MCAN Mortgage Corporation View original content to download multimedia: Sign in to access your portfolio
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