Cority is the most trusted EHSQ software for assuring client success. Cority enables organizations to utilize Environmental, Health, Safety and Quality (EHSQ) software solutions to advance their journey to sustainability and operational excellence. Cority consistently enables client success by combining the deepest domain expertise with the most comprehensive and secure SaaS platform. With 30+ years of innovation and experience, Cority’s team of 350 experts serve more than 1,200 clients in 70 countries, supporting millions of end users. The company enjoys the industry’s highest levels of client satisfaction and has received many awards for its strong employee culture and outstanding business performance.
Our mission is to partner with organizations around the world to effect meaningful change in the way EHSQ programs are managed. We want to stand beside our customers as they protect the well-being of workers and the environment, ensure global compliance in the face of rapidly-evolving requirements, and advance towards sustainability and operational excellence. To do this, we must earn their trust and deliver a second-to-none experience with our company, products, and services.
Cority is trusted by leading organizations because our every-day actions exemplify the core values that are critical to the mutual success of Cority and its clients – integrity, quality, community, diversity, and customer centricity.
Our vision is a world in which EHSQ programs are embraced as key to an organization’s successful journey to sustainability and operational excellence, and where Cority is recognized as the single most trusted and sought-after EHSQ software partner around the world.
For more than 30 years, Cority has been on the leading edge of innovation in EHSQ software. We were built on a strong foundation of core values, powered by talented and engaged employees, and driven by an unwavering commitment to client success.
Cority was founded as Medgate in Toronto, Canada in 1985 by Murray Balcom. Medgate was awarded a major project for the development of an Occupational Health software solution for 3M.
With a successful reference client and quite possibly the first Occupational Health information management software solution, Medgate continued to commercialize and innovate on its first product, bringing Occupational Health solutions to organizations across Canada. A unique strategy saw the company recruit accredited industry practitioners to design, deploy, and support its solutions.
As Medgate grew during the 1990s, Murray Balcom expanded the company south of the border. Early experiences in the US market spurred Medgate’s growth beyond Occupational Health to offer an integrated Industrial Hygiene solution. Current EVP and CTO, Stan Marsden, was recruited to lead the development effort, launching the product at the 1992 American Industrial Hygiene Conference & Exposition.
With a growing roster of Tier 1 references from Canada, it wasn’t long before Medgate secured its first US client, Dakota Gas, for its newly launched Windows client-server OH and IH solution. The company grew with key software engineering hires and the continued strategy of tapping industry experts – including Occupational Health Nurse, Jill (Brodersen) Brown (now Cority’s VP, Professional Services) – to strengthen the company’s credibility, product, and domain expertise.
In the early 2000s, Stan Marsden led the development and launch of one of the EHS industry’s first web-based software solutions. Medgate welcomed President and CEO, Mark Wallace, to lead the company to the next level of growth and success. A lawyer by trade, Mark joined after leading another software company and after spending four years as VP, General Counsel at AT&T Canada. Mark’s mandate was to build a foundation for scalable, profitable growth and client success.
Medgate’s innovation continued in this period as it pioneered the first cloud-based Software-as-a-Service (SaaS) version.
In 2006, the majority shareholder of Medgate considered a purchase offer from a US software company, and Mark asked the shareholder to let him buy the company on behalf of his management team. They agreed, but required personal guarantees on the indemnities from all managers. Mark convinced the shareholder to accept a guarantee from him alone, backed by the equity in his house. This MBO unleashed an ownership mentality at the company that pushed it to previously unfathomable heights.
Innovation accelerated as the company adopted an agile development methodology and introduced the GX and later, GX2 platform versions. As clients sought a more integrated and holistic approach to Environment, Health, and Safety, Medgate recruited experts like current Director of Product Management, John Easton. After leading the implementation of Toyota’s revered Safety Management System, John helped expand Medgate’s platform with the addition of both Safety Management and Environmental solutions.
Medgate acquired hundreds of new clients around the world – Toyota, CSX Transportation, Novellis, UN, NASA, Children’s Hospital Medical Center, Westmoreland Coal, Royal Vopak, GSK, Rio Tinto, Suncor, and BHP billiton – while experiencing unparalleled loyalty from its existing customers. The company grew to over 150 employees with offices in the USA, the UK, and Australia. Underlying this success and growth were strong core values and a culture of employee engagement and focus on client success.
In 2016, Medgate received strategic investments from Norwest Venture Partners, Georgian Partners, and BMO Financial Group, allowing the company to take a lead role in consolidating the EHSQ software market. The following year, the company acquired IQS, a quality control software provider, and regAction, an environmental management software provider.
After growing the platform, making strategic acquisitions, and expanding globally, the time came to evolve the brand to better reflect the company’s market-leading position. And in 2017 Medgate re-branded to Cority, reflecting an organization on the move with a strong foundation of core values to assure client success: integrity, quality, community, diversity, and customer centricity. Cority brings these values together in a concise and modern name that enjoys global appeal.
In July 2019, Cority completed an investment from Thoma Bravo, LLC, in which the leading private equity investment firm became the majority investor in the company. Previous majority investor Norwest Venture Partners retained a significant stake in the business and re-invested over half of its proceeds as part of the transaction.
Cority is now the global leader in SaaS-based EHSQ software with over 800 global clients and 350 employees around the world.
Paul Zuber is an Operating Partner at Thoma Bravo. He brings 25 years of experience in founding and growing successful global technology companies. Paul currently serves as Chairman at Elemica, Inc., Continuum Managed Services, and MeridianLink, and holds Board positions at Dynatrace, LogRhythm, Inc., MedeAnalytics, Inc., Imprivata, Inc., Kofax, Empirix, Barracuda Networks, Inc., Frontline Education, and ABC Financial. He is a former board member of Telestream, Keynote, PowerPlan, Mediware, Landesk/Ivanti, Embarcadero, GHX, and SRS Software LLC.
Mark is President and CEO of Cority where he is responsible for the operations, management and performance of a rapidly evolving company in a dynamic sector.
Under Mark’s leadership, Cority’s revenue has grown consistently at a compounded rate of 25-30 percent. The company has grown in employees from 29 when Mark started in 2003 to over 250 today. It enjoys an industry-leading profit margin. In 2016, Cority raised capital with Norwest Venture Partners, Georgian Partners, and BMO. Mark was a finalist for the EY Entrepreneur of the Year, 2017 Awards.
Previously, Mark was Vice President, General Counsel & Corporate Secretary and a member of the executive management team of AT&T Canada Corp.
Mark is a graduate of St. Francis Xavier University, where he recently completed 10 years on the Board of Governors, including four as Chair of the Board. He received his J.D. from the University of Victoria and is a member of the Law Society of Upper Canada. Mark is also active in mentoring young entrepreneurs and has served on several other not for profit boards.
Hudson Smith has been a Partner at Thoma Bravo since 2016. Based in San Francisco, he is responsible for finding and executing new deals and monitoring and growing the portfolio as an active board member for the firm’s Discover funds, which focus on investing in mid-sized and smaller software and technology companies. Prior to joining Thoma Bravo, he served as Managing Director of HGGC, where he led software and technology investments. Previously, he worked at Bain & Company in Dallas and Sidney and Lincoln International in Chicago. Hudson earned an MBA from the Kellogg School of Management at Northwestern University and a BS degree in Business Administration, magna cum laude, from Washington and Lee University.
Matt LoSardo is a Vice President at Thoma Bravo. Based in San Francisco, he joined the firm in 2016. Previously Matt worked in private equity at Harvest Partners and investment banking at Morgan Stanley. He holds a BS degree in Economics from Duke University.
Nicolaas Vlok is an Operating Partner at Thoma Bravo. He is an experienced software CEO and Board Member. Nicolaas holds a degree in Computer Engineering from the University of Pretoria.
* Senior Operating Partners, Operating Partners and Operating Advisors are independent contractors that are advisors to Thoma Bravo and portfolio companies of Thoma Bravo, and are neither employees nor affiliates of Thoma Bravo entities.
Rob focuses on growth equity and buyout investments in software and the consumer/retail industry. Rob’s current investments include Avetta (recapitalized by Welsh, Carson, Anderson & Stowe), Bailey 44, Cority (recapitalized by Thoma Bravo), Galvanize, and Kendra Scott (recapitalized by Berkshire Partners). Rob was previously involved with Norwest’s investments in 1010data (acquired by Advance), PCA Skin (acquired by Colgate-Palmolive), The Retail Equation (acquired by Appriss) and Turnitin (acquired by Advance).
Ran focuses on growth equity investments across a wide range of sectors including technology, business services, and consumer. Ran sits on the board of Avetta and Infutor, and he is actively involved with Norwest’s investments in ACL, Avetta, Cority, Infutor, Kendra Scott (recapitalized by Berkshire Partners), and The Rainmaker Group. Ran was previously involved with Norwest’s investments in 1010data (acquired by Advance), Rainmaker – Multifamily (acquired by RealPage), and The Retail Equation (acquired by Appriss).
Ran holds a bachelor of science degree in electrical and computer engineering from Cornell University. Ran is also a CFA charterholder.