Management Team


Tiffany King

Executive Assistant

Tiffany joined Callidus as the group’s Executive Assistant in September 2014. She provides administrative and marketing support to the group. Her role includes preparation of presentations, event planning, and assisting the Finance division with the preparation of monthly end financial statements. Prior to Callidus, Tiffany worked with the York Region District School Board.

Alena Skofar

Receptionist / Group Executive Assistant

Alena joined Callidus in July 2015 after graduating from Ryerson University, where she earned a B-Comm with a major in International Business. Previously, Alena worked in the hospitality industry for four years. At Callidus she is responsible for overseeing and managing administrative duties to support the team. Outside of work she actively enjoys joining recreational activities and soaking-up all of nature's glory.

David Wilkes

Senior Technology Consultant

David began working with Callidus in May 2009. Prior to Callidus, he founded several consulting and product development firms that created digital hardware, firmware, and software products for clients in the manufacturing, pharmaceutical and power industries. David has also done defense work for Canada. His focus shifted to the financial services sector after extensive work on cost control systems for manufacturing clients; and has developed active software products that support financial management in banking and turnaround situations. David obtained his MSc and PhD degrees in Computer Science from the University of Toronto, and has authored and co-authored over thirty academic publications, which continue to be cited in ongoing research in robotics and computer science. He is also a CFA charterholder. His hobbies include sailing and travel, and he enjoys spending time with his wife, daughter and three sons.

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."