Pender Financial Group Corporation (TSX—V: PDF) is a publicly traded merchant bank focused on the technology sector in British Columbia. Pender Financial's strategy is to build long-term value by investing its capital into a relatively few undervalued companies and actively participating in their development to enhance their value and the liquidity of Pender Financial's investment.

Pender Financial is principally engaged in venture capital investment. Pender Financial's managers have considerable experience in the technology industry and venture capital markets. The management team has particular expertise in the areas of fund management, strategic business development, corporate finance, capital raising, and corporate governance, enabling them to add value to portfolio companies as part of its hands-on investment philosophy.

In February 2006, Pender Financial purchased majority ownership of ActiveState Software Inc., a provider of tools and services for dynamic languages such as Perl, PHP, Python and Tcl. ActiveState has developed a reputation as market leader in the dynamic languages arena and is used by many Fortune 500 companies, particularly in the telecommunications, software and financial services industries. In addition, the company also has distribution agreements or OEM agreements with others including Hewlett Packard. ActiveState products have received significant recognition from the developer community including the Best Application Development Toll Award from LinuxWorld and the Software and Information Industry Association Codie Award. Pender is working with ActiveState as it develops leading edge products that address new markets.