DWL Obtains $34M Financing

DWL Incorporated, a leading e-solutions company, announced on March 20, 2000 that it had secured $34 million in a second round of private equity financing from US and Canadian investors. DWL is a privately owned corporation co-headquartered in Toronto and New York. A leader in transactional web portals and e-customer relationship management systems for major corporations throughout North America and the United Kingdom, DWL’s core business is helping leading insurance, diversified financial services, consumer products and retail organizations to become e-customer focused.

Blake, Cassels & Graydon LLP is acting for DWL with a team lead by Lisa Abe (technology), David Toswell (corporate/securities), Steve Bodley (corporate/securities), Dave Simpson (corporate/securities), and Peter Lee (tax). Sprott Securities Ltd. underwrote the financing and was represented by the Aird & Berlis team of Kevin Rooney and Sonia Yung.