Posted on 07/03/08
The Waterloo company gave investors one of the biggest winners after the tech wreck. Now it learns the hard way what happens when the market loses its patience
Few young Canadian firms have faced such great expectations as Sandvine Corp. Its leading-edge technology and origins at the University of Waterloo led some optimists to suggest it could be the next Research In Motion Ltd. The earlier success of its founders and investors, including Sir Terence Matthews, bestowed on it an air of royalty within Canada's tech community. And sitting atop Deloitte's 2007 list of fastest-growing tech companies in the country (42,000 per cent over five years), Sandvine couldn't help but command the respect of business leaders.
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