Toon Boom Animation Wins HSBC International Business of the Year Award

Toon Boom Animation Inc. has won the inaugural HSBC International Business of the Year – Small and Medium Enterprise Award.

As part of the Business without Borders program, the HSBC International Business Awards honours Canadian companies that have successfully branched out beyond our borders.

“Canada is home to over 2.3 million businesses – the overwhelming majority of which are small and medium enterprises – and we are a nation of traders. HSBC Bank Canada is very proud to celebrate their accomplishments internationally,” said Mark Watkinson, Senior Executive Vice President, Head of Commercial Banking, North America, HSBC. “Toon Boom embodies the spirit of entrepreneurship and opportunity in global business, and we salute their accomplishments.”

Joan Vogelesang, President and Chief Executive Officer credits determination, passion and high quality standards as well as extensive presence in the field with the company’s win. Vogelesang said, “It such an honour to be acknowledged for the amazing work the Toon Boom team has been doing internationally for 15 years, not only with the prestigious studios such as Disney and Warner Brothers, but also in the areas of education and online business.”

To be eligible, firms must be majority Canadian owned (50.1 percent); headquartered in Canada; generate at least 10 percent of their revenue from activities outside of Canada; and have minimum sales of CAD $2.5 million for each of the last two fiscal years. Applications were selected by a judging committee drawn from Canadian Business magazine, The Globe and Mail Report on Business, Import Export Canada, the Economist Intelligence Unit, the Desautels Faculty of Management at McGill University, and the Sauder School of Business at the University of British Columbia. PwC Canada performed due diligence on all the finalists.