Canaccord Adams expands equity research group with Software Analyst

BOSTON, May 4 /PRNewswire/ - Canaccord Adams Inc. is pleased to announce that Richard Davis has agreed to join the firm's equity research group as managing director, equity analyst with an anticipated start date in early August.

"Richard's expertise will add considerable strength to Canaccord Adams' technology team and will grow the breadth of our company coverage," said Steve Buell, managing director and head of US equity research. "His addition advances our technology practice and demonstrates our commitment to uncovering and analyzing stocks in the enterprise software sector."

"I am very pleased to join Canaccord Adams' technology group," said Davis. "The firm's global footprint and focus on growth-oriented companies, coupled with its strengths in research, trading and investment banking services, creates a platform that is uniquely positioned to serve the needs of companies and institutional investors."

Davis will be based in Boston and will join Canaccord Adams from Needham & Company where he has been a senior analyst covering enterprise software. Previously, Mr. Davis was at Tucker Anthony, where he was a managing director and launched the firm's Internet enterprise software coverage. Prior experience also includes Rauscher Pierce, where he served as director of research and was instrumental in developing their telecom research effort. He holds an AB from Davidson College and an MBA from Vanderbilt.

ABOUT CANACCORD ADAMS:

Canaccord Adams Inc. is a leading independent financial services firm committed to fostering the entrepreneurial economy by bringing corporate and institutional clients a unique perspective on global investment opportunities. Canaccord Adams Inc. is a member of the capital markets division of Canaccord Financial Inc. which is known internationally as Canaccord Adams. With operations in research, sales and trading, and investment banking, Canaccord Adams has 225 professionals seek out emerging opportunities in our key sectors - Mining and Metals, Energy, Technology, Life Sciences, Consumer, Real Estate, Sustainability and Industrial Growth. Located in nine offices internationally, our experienced team generates focused, actionable ideas that identify opportunity and facilitate growth. Canaccord Adams has operations in Toronto, London, Boston, Vancouver, New York, Calgary, Montreal, San Francisco, and Houston.

More information is available at www.canaccordadams.com.

Canaccord Adams Inc., Member FINRA/SIPC.

Canaccord Adams Limited is regulated and authorized by the Financial Services Authority and is a member of the LSE.

Canaccord Adams is a division of Canaccord Financial Ltd., Member IIROC/CIPF.

ABOUT CANACCORD FINANCIAL INC.:

Through its principal subsidiaries, Canaccord Financial Inc. is a leading independent, full-service financial services firm, with operations in two principal segments of the securities industry: wealth management and global capital markets. Since its establishment in 1950, Canaccord has been driven by an unwavering commitment to building lasting client relationships. We achieve this by generating value for our individual, institutional and corporate clients through comprehensive investment solutions, brokerage services and investment banking services. Canaccord has 38 offices worldwide, including 30 Wealth Management offices located across Canada. Canaccord Adams, the international capital markets division, operates in the US, UK, Canada and Barbados.

Canaccord Financial Inc. is publicly traded under the symbol CF on the TSX and the symbol CF. on AIM, a market operated by the London Stock Exchange.

SOURCE Canaccord Adams Inc.