Management Team


John Ho

Vice President, Corporate Controller

John joined Callidus as Corporate Controller in August 2014. Reporting to the CFO, John's responsibilities include financial reporting and analysis, accounting, taxation, planning and internal controls.

Prior to Callidus, John was the Director of Corporate Accounting for a publicly-traded subsidiary of Brookfield Asset Management. John also held a number of progressive roles in the financial reporting group at Barrick Gold Corporation, the world's largest gold mining company. Prior to Barrick, he worked in public accounting at Ernst & Young LLP, in Toronto, with a focus on manufacturing and mining clients.

John is a Chartered Accountant in Ontario. He holds a Master of Accounting Degree and a Bachelor of Mathematics Degree from the University of Waterloo.

Ian Kornack

Manager of Financial Reporting

Ian joined Callidus as a Financial Analyst in October 2014. Prior to Callidus, Ian worked as a Senior Accountant for one of the Big Four Audit firms, specializing in Financial Institutions. Working there, he completed the testing and articling required to become designated as a Chartered Professional Accountant. Ian has a Bachelor of Commerce from the University of Guelph and earned a Diploma in Accounting from Wilfred Laurier University.

Amar Mudili

Accounting Manager

Amar began his career as a Research Analyst for a marketing and battery distribution company, after graduating with a business degree from Nagarjuna University in India. In this capacity, he analyzed the potential role of foreign battery products within the Indian market. After moving to Canada, he worked as an Assistant Controller for eight years in the wholesale and distribution industry. Amar joined the team at Callidus in 2010, and is an active member of the Toronto chapter of the Canadian Institute of Management.

Paul Kern

Financial Analyst

Paul joined Callidus as Financial Analyst in October 2017. Prior to Callidus, Paul worked for one of the Big Four accounting firms as a Senior Associate where he earned his CPA, CA designation. Paul also holds an Honours Business Administration (HBA) degree from the Richard Ivey School of Business at the University of Western Ontario. 

Transaction Highlight

US Acquisition US $72,500,000 Financing Deal for an Oil and Gas Services Company

Callidus provided the purchasers of a U.S. based oil and gas services company ("Serviceco") with an operating line of credit of US $12,500,000 (secured by working capital assets) and a term loan of US $60,000,000 (secured by machinery and equipment). The proceeds were used by our client to assist with purchase of the shares of Serviceco, and fund ongoing working capital so the business could realize Serviceco's turnaround.

Serviceco had a successful history of operating and financial performance. However, a decision by the prior owners to reposition its service fleet caused a decline in performance as utilization dropped during the transition period. This decline in performance meant the existing senior bank lender was not prepared to support the new owners looking to acquire the business.

The company had already proceeded with another lender for financing the acquisition; however, this lender could not close the transaction. The buyers of Serviceco approached Callidus to determine if we could step in and provide the acquisition financing.

The Serviceco buyers required a lender which was comfortable with leveraging the assets of the company, and had the insight to understand what caused the downturn in the performance of the company, and see the turnaround. Callidus stepped in and closed the financing in seven weeks. As the company wanted a committed financing facility for two years, Callidus was able to structure financial covenants that fit with the company's forecast. Callidus was able to offer a principal repayment holiday on the term loan to take the pressure off the company's cash flow allowing the new owners to focus on the operations of the business following their purchase. Principal repayments on the term loan were tied to the depreciable life of the equipment, affording additional relief to Serviceco's annual debt repayment obligations. Serviceco's CFO affirms, "Callidus was able to structure a financing program catered to our needs - something that no other lender could do. The responsiveness with which Callidus put together the financing program meant that we didn't skip a beat in our acquisition plans."