News

Home  >>  News

Mark Wallace Elected Chair of StFX Board of Governors

The Hon. Frank McKenna, former Ambassador to the United States, former Premier of New Brunswick, and current Deputy Chair of TD Bank Group, announced this week that Mark Wallace, President and CEO of Medgate Inc., would succeed him as Chair of the St. Francis Xavier University (StFX) Board of Governors. Mr. Wallace, a member of the Law Society of Upper Canada, will take up this new role having previously served as a member of the StFX Board of Governors for six years.

“It’s an honour to be elected to this position,” says Mr. Wallace, a StFX alumnus. “I truly believe that StFX has a model of education that sets it apart from other institutions in Canada. It’s the right model and I consider it a privilege to be able to have a direct influence in its growth.”

Mr. Wallace was previously a member of the executive management team at AT&T Canada Corp. (a national telecommunications service provider now known as Allstream), where he also held a variety of positions including Vice-President, General Counsel and Corporate Secretary. Following his post at AT&T, he took on the role of President of ADB Systems International Ltd., a software and services company publicly listed on the Toronto Stock Exchange and in the U.S.

In 2003, Mr. Wallace joined Medgate as President and CEO. Under his stewardship, the company has grown to become the leading global provider of occupational health and safety software with offices in Canada, the U.S., the U.K., and Australia. Medgate’s customers include many Fortune and Global 500 companies as well as high-profile government entities.

“I’m pleased to be passing the baton to someone as tremendously talented and dedicated as Mark,” says Mr. McKenna. “He has demonstrated strong leadership in his distinguished career and we look forward to his continuing contributions to StFX.”

“Mark has long made significant contributions to his alma mater, including playing an instrumental role in the expansion of StFX’s Coady International Institute,” says StFX President Dr. Sean Riley. “On behalf of the StFX Board of Governors, I welcome Mark as Chair, and look forward to continuing great work together.”

An active member of the Toronto community, Mr. Wallace also serves on the Board of Directors of the Toronto Kiwanis Boys and Girls Club, the Board of Directors of AceTech Ontario, and previously served on the Board of Directors of the Catholic Children’s Aid Society of Toronto.

Mark Wallace

Mark Wallace

CEO

Mark is CEO of Cority Software Inc., a Toronto-based, award-winning, global SaaS company. Under Mark’s leadership, Cority’s revenue has grown consistently at a compounded rate of 25%. The company has grown in employees from 29 when Mark started in 2003 to close to 400 employees today. It enjoys an industry-leading profit margin. In 2016, Cority raised capital with Norwest Venture Partners, Georgian Partners, and BMO; in 2019 Cority raised capital from software specialist Private Equity firm Thoma Bravo and with Norwest again stepping up as an investor. Mark was a finalist for the EY Entrepreneur of the Year Award in 2017 and 2018. 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 active in mentoring young entrepreneurs and has served on several other not for profit boards.