DATA COMMUNICATIONS MANAGEMENT CORP. REPORTS Q2 2026 FINANCIAL RESULTS

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Brampton, Ontario – August 10, 2026 – DATA Communications Management Corp. (TSX: DCM; OTCQX: DCMDF) (“DCM” or the “Company”), a leading Canadian provider of print and digital solutions that help simplify complex marketing communications and workflow, today reported second quarter 2026 financial results.

“Second quarter results were generally in line with our expectations. While revenue remained slightly below prior year levels, sales activity remained robust, we generated strong cash flow, continued to pay down debt, and completed the highly strategic acquisition of Octacom,” said Richard Kellam, President & CEO of DCM.

“As we move through the third quarter and the second half of the year, we are seeing a number of encouraging signs that demonstrate the continued progress of our business. These include: an expected return to positive year-over-year revenue growth; a more favorable business mix contributing to improved gross profit; continued momentum in new business development; and strong free cash flow. These indicators give us increasing confidence in the underlying strength of our business and our ability to build on this momentum as we move forward,” added Kellam. “In addition, the Octacom acquisition will deliver enhanced revenue and earnings contributions through the balance of the year.”

“The recent acquisition of Octacom is a transformative step in advancing DCM’s technology-enabled solutions strategy. By expanding our capabilities in workflow automation, AI-enabled data capture, and digital transformation services, we are strengthening our ability to meet growing market demand for intelligent document and information-processing solutions. The acquisition also provides an opportunity to introduce these high-value, in-demand services to our existing customer base across key industries, accelerating revenue growth, increasing recurring revenues, and delivering a broader, more integrated suite of solutions,” added Kellam.

SECOND QUARTER 2026 SUMMARY FINANCIAL RESULTS

  • Revenues of $110.9 million were down 2.5%, or $2.9 million vs. $113.8 million in Q2 2025
  • SG&A expenses of $19.7 million and 17.8% of revenues were 0.7% lower, vs. $19.9 million or 17.5% of revenues in Q2 2025
  • Adjusted EBITDA1 of $14.2 million and 12.8% of revenues, 14.1% lower vs. $16.6 million and 14.6% of revenues in Q2 2025
  • Total cash generated from operating activities of $22.9 million for the first six months of 2026, compared to $5.9
    million in the same period last year
  • Net debt1 at quarter-end of $64.6 million, down 26.2%, or $22.9 million vs. $87.5 million in Q2 2025 and down 16.3%, or $12.5 million vs. $77.1 million in Q4 2025
  • Declares quarterly dividend of $0.025 on each common share

OTHER BUSINESS HIGHLIGHTS

Schedule I Bank Selects Octacom-DCM for IDP (Intelligent Document Processing) Solution

On July 22, 2026, DCM announced that it was selected by a Schedule I Canadian bank to develop and launch a comprehensive digital mailroom solution powered by Octacom’s proprietary AI-enabled data capture and workflow automation platform. The digital mailroom solution will automate the intake, classification, validation, extraction, and routing of inbound documents across the enterprise, replacing labour-intensive mail handling with an intelligent, end-to-end digital workflow. This will result in faster processing, improved data accuracy, enhanced compliance, and significantly improved visibility into the bank’s document management operations.

 

Strategic Acquisition of Octacom Limited

On July 9, 2026, DCM announced the acquisition of Octacom Limited for aggregate consideration of approximately

$54.0 million, consisting of approximately $43.2 million in cash and $10.8 million in DCM common shares. Octacom is a leading Canadian provider of IDP, workflow automation and digital transformation solutions. The acquisition strengthens DCM’s position in the fast-growth IDP market, accelerates DCM’s revenue shift towards higher-growth, higher-margin, tech-enabled services solutions, and creates meaningful benefits for DCM’s clients. The acquisition was financed through borrowings under DCM’s amended credit facility.

 

Amended $160 Million Credit Facility

On July 9, 2026, DCM announced it entered into a fifth amended and restated credit agreement (the “Amended Credit Facility”) with a Canadian chartered bank (the “Bank”), which provides for up to $160 million of credit facilities, a portion of which were used to fund the acquisition of Octacom. The Amended Credit Facility currently has a three-year term maturing on July 8, 2029, and includes: (a) a $70 million revolving credit facility, available for working capital and general corporate purposes, which replaces the Company’s existing revolving credit facility with the Bank; (b) a $40 million non-revolving term loan used to refinance the Company’s outstanding indebtedness with FPD VI; and (c) a $50 million acquisition line. The term loan and acquisition line amortize over a 10-year period.

 

Dividend Declaration

On August 10, 2026, DCM’s board of directors declared a quarterly dividend of $0.025 per common share, payable on September 28, 2026 to shareholders of record at the close of business on September 14, 2026. This dividend is designated as an “eligible” dividend for the purpose of the Income Tax Act (Canada) and any similar provincial legislation.

Q2 2026 EARNINGS CALL DETAILS

The Company will host a conference call and webcast on Tuesday, August 11, 2026 at 9:00 a.m. EST

Richard Kellam, President and CEO, and James Lorimer, CFO, will present the second quarter 2026 results followed by a live Q&A.

Register for the webcast prior to the start of the event: Microsoft Virtual Events Powered by Teams

All attendees must register for the webinar prior to the call. Please complete the phone field in the form at the above link (prior to the start of the event) if you wish to dial in.

The Company’s full results will be posted on its Investor Relations page and on SEDAR+.

Footnotes:

1 Adjusted EBITDA, Adjusted EBITDA as a percentage of revenues, Adjusted net income (loss), Adjusted net income (loss) as percentage of revenues, Net debt, Net debt to Adjusted EBITDA and Free cash flow are non-IFRS Accounting Standards measures. For a description of the composition of these and other non-IFRS Accounting Standards measures used in this press release, and a reconciliation to their most comparable IFRS Accounting Standards measure, where applicable, see the information under the heading “Non-IFRS Accounting Standards Measures”, the information set forth on Table 2 and Table 3 herein, and our most recent Management Discussion & Analysis filed on SEDAR+.

TABLE 1: The following table sets out selected historical consolidated financial information for the periods noted.


For the periods ended June 30, 2026 and 2025
(in thousands of Canadian dollars, except share and per share amounts, unaudited) April 1 to
June 30, 2026
April 1 to
June 30, 2025
January 1 to
June 30, 2026
January 1 to
June 30, 2025
Revenues $ 110,920 $ 113,794 $ 228,363 $ 237,469
Gross profit 28,206 30,508 61,356 66,768
Gross profit, as a percentage of revenues 25.4 % 26.8 % 26.9 % 28.1 %
Selling, general and administrative and research and development expenses
As a percentage of revenues
20,804
18.8 %
21,087
18.5 %
41,747
18.3 %
45,666
19.2 %
Adjusted EBITDA
As a percentage of revenues
14,227
12.8 %
16,568
14.6 %
33,318
14.6 %
35,156
14.8 %
Net income for the period (894) 3,714 3,895 8,828
Adjusted net income
As a percentage of revenues
1,585
1.4 %
3,891
3.4 %
7,368
3.2 %
9,094
3.8 %
Basic earnings per share $ (0.02) $ 0.07 $ 0.07 $ 0.16
Diluted earnings per share $ (0.02) $ 0.06 $ 0.07 $ 0.15
Adjusted net income per share, basic $ 0.03 $ 0.07 $ 0.13 $ 0.16
Adjusted net income per share, diluted $ 0.03 $ 0.07 $ 0.13 $ 0.16
Weighted average number of common shares outstanding, basic 54,765,458 55,317,543 55,484,052 55,313,271
Weighted average number of common shares outstanding, diluted 54,821,614 57,156,673 55,542,232 57,198,419


TABLE 2: The following table provides reconciliations of net income to EBITDA and of net income to Adjusted EBITDA for the periods noted.


EBITDA and Adjusted EBITDA reconciliation

For the periods ended June 30, 2026 and 2025
(in thousands of Canadian dollars, unaudited)
April 1 to June
30, 2026
April 1 to June 30,
2025
January 1 to
June 30, 2026
January 1 to
June 30, 2025
Net income for the period $ (894) $ 3,714 $ 3,895 $ 8,828
Interest expense, net 4,575 5,120 9,272 10,268
Debt modification losses and prepayment fees (867) (867)
Amortization of transaction costs 175 131 381 271
Current income tax expense 411 1,445 2,696 3,516
Deferred income tax recovery (178) (359) (1,277) (1,270)
Depreciation of property, plant and equipment 1,564 1,792 3,223 3,514
Amortization of intangible assets 323 326 642 709
Depreciation of the ROU Asset 4,938 5,029 9,844 9,831
EBITDA $ 10,914 16,331 $ 28,676 34,800
Acquisition and integration costs 1,331 1,331
Restructuring expenses 880 58 2,307 58
Net fair value losses on financial liabilities at fair
value through profit or loss
1,102 179 1,004 298
Adjusted EBITDA $ 14,227 16,568 $ 33,318 35,156


TABLE 3: The following table provides reconciliations of net income (loss) to Adjusted net income and a presentation of Adjusted net income per share for the periods noted.


Adjusted net income reconciliation

For the periods ended June 30, 2026 and 2025
(in thousands of Canadian dollars, except share and per share amounts, unaudited) April 1 to
June 30, 2026
April 1 to
June 30, 2025
January 1 to
June 30, 2026
January 1 to
June 30, 2025
Net income for the period $ (894) $ 3,714 $ 3,895 $ 8,828
Restructuring expenses 880 58 2,307 58
Acquisition and integration costs 1,331 1,331
Net fair value losses on financial liabilities at fair value through profit or loss 1,102 179 1,004 298
Tax effect of the above adjustments (834) (60) (1,169) (90)
Adjusted net income $ 1,585 $ 3,891 $ 7,368 $ 9,094

About DATA Communications Management Corp.

DCM is a leading Canadian tech-enabled provider of print and digital solutions that help simplify complex marketing communications and operations workflow. DCM serves over 2,500 clients including 70 of the 100 largest Canadian corporations and leading government agencies. Our core strength lies in delivering individualized services to our clients that simplify their communications, including customized printing, highly personalized marketing communications, campaign management, digital signage, and digital asset management. From omnichannel marketing campaigns to large-scale print and digital workflows, our goal is to make complex tasks surprisingly simple, allowing our clients to focus on what they do best.

Additional information relating to DATA Communications Management Corp. is available on www.datacm.com, and in the disclosure documents filed by DATA Communications Management Corp. on SEDAR+ at www.sedarplus.ca.

For further information, contact

Mr. Richard Kellam

President and Chief Executive Officer

Mr. James E. Lorime

Chief Financial Officer


FORWARD-LOOKING STATEMENTS

This press release contains statements which constitute “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws (collectively, “forward-looking statements”), including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and operating performance. Forward-looking statements are often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions. Forward-looking statements in this press release reflect DCM’s current views regarding future events and operating performance, are based on information currently available to DCM, and speak only as of the date of this press release. In addition, forward-looking statements are provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes.

These forward-looking statements involve a number of risks, uncertainties, and assumptions, many of which are beyond the Company’s control. They should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such performance or results will be achieved. Many factors could cause the actual results, performance, objectives or achievements of DCM to be materially different from any future results, performance, objectives or achievements that may be expressed or implied by such forward-looking statements. We caution readers of this press release not to place undue reliance on DCM’s forward-looking statements since a number of factors could cause actual future results, conditions, actions, or events to differ materially from the targets, expectations, estimates or intentions expressed in these forward-looking statements.

The principal factors, assumptions and risks that DCM made or took into account in the preparation of these forward-looking statements and which could cause DCM’s actual results and financial condition to differ materially from those indicated in the forward-looking statements, include those described in further detail in the Company’s most recent Annual Information Form of DCM for the year ended December 31, 2025, a copy of which is available on SEDAR+ at www.sedarplus.ca, and include but are not limited to the following: DCM’s ability to realize the anticipated financial and strategic benefits from the acquisition of Octacom, including client and customer retention, the ability of DCM to continue to realize on Octacom’s historical revenue growth rates and profitability levels in the future; DCM’s ability to capitalize on the forecast growth in the IDP market and DCM’s ability to compete in this market, which contains competitors that may be larger and better capitalized than DCM; the ability of DCM to integrate the business and operations of Octacom into DCM; the ability of DCM to obtain additional capital to fund our business plans on satisfactory terms (or at all), including, without limitation, with respect to accelerating growth and investments in digital innovation; the ability of the Bank to syndicate the Amended Credit Facility on the terms agreed to with the Company; the continued availability of the Amended Credit Facility; the acceptability by the Company of any required adjustments to the Amended Credit Facility; DCM’s ability to comply with the financial covenants in the Amended Credit Facility or to obtain financial covenant waivers from our lenders if necessary; the ability of DCM to continue with the Company’s current dividend policy; the outstanding indebtedness under our bank credit facility is subject to adjustment and floating interest rates and therefore is subject to fluctuations in interest rates, an increase in which would increase our borrowing costs; industry conditions are influenced by numerous factors over which the Company has no control, including: declines in print consumption; labour disruptions at suppliers and customers, including Canada Post; the impact of tariffs and responses thereto (including by governments, trade partners and customers), which may include, without limitation, retaliatory tariffs, export taxes, restrictions on exports to the U.S. or other measures, increases in our input costs, and the effect of governmental regulations and policies in general; our ability to achieve and meet our financial objectives and targets for 2026 and in the future; and DCM’s ability to retain key personnel, including those at Octacom. Forward-looking statements reflect DCM’s current views regarding future events and operating performance, are based on information currently available to management of DCM, and speak only as of the date of this press release.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described in this press release as intended, planned, anticipated, believed, estimated, or expected. Unless required by applicable securities law, DCM does not intend and does not assume any obligation to update these forward-looking statements.

NON-IFRS ACCOUNTING STANDARDS MEASURES

NON-IFRS ACCOUNTING STANDARDS AND OTHER FINANCIAL MEASURES

This press release includes certain non-IFRS Accounting Standards measures, ratios and other financial measures as supplementary information. This supplementary information does not represent earnings measures recognized by IFRS Accounting Standards and does not have any standardized meanings prescribed by IFRS Accounting Standards. Therefore, these non-IFRS Accounting Standards measures, ratios and other financial measures are unlikely to be comparable to similar measures presented by other issuers. Investors are cautioned that this supplementary information should not be construed as alternatives to net income (loss) determined in accordance with IFRS Accounting Standards as an indicator of DCM’s performance. Definitions of such supplementary information, together with a reconciliation of net income (loss) to such supplementary financial measures, can be found in our most recent annual and interim Management Discussion and Analysis and filed on SEDAR+ at www.sedarplus.ca.

Condensed interim consolidated statements of financial position

(in thousands of Canadian dollars, unaudited)

June 30, 2026
$
December 31, 2025
$
Assets    
Current assets    
Cash and cash equivalents $   2,656 1,941
Trade receivables 93,032 95,745
Inventories 23,587 19,272
Prepaid expenses and other current assets 5,471 4,899
Income taxes receivable 452 245
  125,198 122,102
Non-current assets    
Other non-current assets 1,813 2,068
Deferred income tax assets 8,232 9,180
Property, plant and equipment 30,852 32,045
Right-of-use assets 150,889 158,452
Pension assets 11,471 4,269
Intangible assets 6,570 7,072
Goodwill 22,747 22,747
  $   357,772 357,935
Liabilities    
Current liabilities    
Trade payables and accrued liabilities $   52,847 43,822
Dividend payable
Current portion of credit facilities 11,071 11,856
Current portion of lease liabilities 12,672 12,228
Provisions 2,432 2,350
Income taxes payable
Deferred revenue 3,815 3,918
  82,837 74,174
Non-current liabilities    
Provisions 42 215
Credit facilities 54,779 65,470
Lease liabilities 160,521 163,982
Pension obligations 10,119 11,862
Other post-employment benefit plans 1,129 1,268
Asset retirement obligation 3,519 3,548
  $   312,946 320,519
Equity    
Shareholders’ equity    
Shares 285,847 284,206
Contributed surplus 743 2,806
Translation Reserve 293 192
Deficit (242,057) (249,788)
  $   44,826 37,416
  $   357,772 357,935


Condensed interim consolidated statements of operations

(in thousands of Canadian dollars, except per share amounts, unaudited)

For the three
months ended
June 30, 2026

$
For the three
months ended
June 30, 2025

$
For the six
months ended
June 30, 2026

$
For the six
months ended
June 30, 2025

$
Revenues $   110,920 113,794 $   228,363 237,469
Cost of revenues 82,714 83,286 167,007 170,701
Gross profit 28,206 30,508 61,356 66,768
Expenses        
Selling, commissions and expenses 9,752 9,649 20,177 20,609
General and administration expenses 9,972 10,222 19,390 22,721
Research and development expenses 1,080 1,216 2,180 2,336
Restructuring expenses 880 58 2,307 58
Acquisition and integration costs 1,331 1,331
Net fair value losses on financial liabilities at fair
value through profit or loss
1,102 179 1,004 298
  24,117 21,324 46,389 46,022
Income before finance costs and income taxes 4,089 9,184 14,967 20,746
Finance costs        
Interest expense on long term debt and pensions, net 1,374 1,837 2,810 3,708
Interest expense on lease liabilities 3,201 3,283 6,462 6,560
Debt modification losses and prepayment fees (867) (867)
Amortization of transaction costs 175 131 381 271
  4,750 4,384 9,653 9,672
Income before income taxes (661) 4,800 5,314 11,074
Income tax expense        
Current 411 1,445 2,696 3,516
Deferred (178) (359) (1,277) (1,270)
  233 1,086 1,419 2,246
Net (loss) income for the period $   (894) 3,714 3,895 8,828
Other comprehensive income:        
Items that may be reclassified subsequently to net
income
       
Foreign currency translation 49 (110) 101 (115)
  49 (110) 101 (115)
Items that will not be reclassified to net income        
Re-measurements of pension and other post-employment
benefit obligations
7,898 1,816 8,884 1,431
Taxes related to pension and other post-employment
benefit adjustment above
(1,988) (461) (2,238) (363)
  5,910 1,355 6,646 1,068
Other comprehensive income for the period, net of $   5,959 1,245 $   6,747 953
Comprehensive income for the period $   5,065 4,959 10,642 9,781
Basic earnings per share (0.02) 0.07 0.07 0.16
Diluted earnings per share (0.02) 0.06 0.07 0.15


Condensed interim consolidated statements of cash flows

(in thousands of Canadian dollars, unaudited)

For the six months
ended June 30, 2026

$
For the six months ended
June 30, 2025

$
Cash provided by    
Operating activities    
Net income for the period $   3,895 $   8,828
Items not affecting cash    
Depreciation of property, plant, and equipment 3,223 3,514
Amortization of intangible assets 642 709
Depreciation of right-of-use assets 9,844 9,831
Share-based compensation expense 121 89
Net fair value losses on financial liabilities at fair value through profit
or loss
1,004 298
Pension expense 572 742
Gain on disposal of property, plant, and equipment 64
Provisions 2,307 58
Debt modification losses (gain) (867)
Amortization of transaction costs 381 271
Accretion of asset retirement obligations 58 54
Other post-employment benefit plans expense 119 87
Income tax expense 1,419 2,246
Changes in non cash working capital 5,535 (12,173)
Contributions made to pension plans (632) (675)
Contributions made to other post-employment benefit plans (258) (189)
Provisions paid (2,398) (5,460)
Settlement of Asset Retirement Obligation (87)
Income taxes (paid) received (2,903) (1,448)
Total cash (used in) generated from operating activities 22,906 5,915
Investing activities    
Proceeds on sale and leaseback transaction 6,694
Purchase of property, plant and equipment (2,094) (2,536)
Purchase of intangible assets (140) (23)
Purchase of non-current assets (143)
Total cash provided by investing activities (2,234) 3,992
Financing activities    
Proceeds from credit facilities 35,500 53,733
Repayment of credit facilities (47,357) (48,054)
Decrease in bank overdrafts (880)
Transaction costs
Dividends paid (2,810) (13,829)
Principal portion of lease payments (5,135) (4,005)
Repurchases of shares (543) (213)
Total cash (used in) financing activities (20,345) (13,765)
Change in cash and cash equivalents during the period 327 (3,758)
Effects of foreign exchange on cash balances 104 (128)
January 1, 2026 opening balance prior to restatement for IFRS 9
amendments
1,941
Adjustment on adoption of IFRS 9 amendments for 2025 outstanding
cheques on January 1, 2026 (note 3)
284
Cash and cash equivalents – beginning of period 2,225 6,773
Cash and cash equivalents – end of period $   2,656 2,887

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icon-quote
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“At its heart, technology is about helping people solve problems. My job is to ensure we do that by taking a client-focused approach to every solution we deliver.”
Drawing from two decades of experience guiding enterprise-wide deployments and operational processes, Karen continually strives to ensure evolving market trends and client challenges are reflected in the capabilities of our platforms and services. An intuitive leader and natural problem-solver, she works closely with clients across all sectors to help them acquire and adapt the solutions that will best support their workflows and move them forward.
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Geneviève Gravel

Vice President, People Experience

As VP, People & Culture, Geneviève supports DCM in all aspects of Human Resources, mentoring and motivating team members to grow and flourish personally as much as professionally. With her strategic vision, Geneviève leads her team to proactively align HR goals with the goals of the business, providing consulting expertise on HR issues, recruitment, policies, and procedures. Fueled by empowering positive change, Geneviève continues to hone her communication expertise with the latest HR courses and skill-building programs.

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“When you stop dealing with the employee and start dealing with the human being, you can figure out what really drives that person—and help them find where they need to be.”
Over her 25-year career, Geneviève negotiated labour relations between employees and unions before cultivating her passion for a more behavioural-based HR approach at Delta, AccorHotels, Rolls-Royce Canada, and, since 2014, DCM. A certified Life & Business Coach and Neuro-Linguistic Programming (NLP) Coach, Geneviève has a Bachelor’s degree in Industrial Relations from the University of Montreal.
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Barbara Franovic-Wilkins

Vice President, Marketing

When our clients want to get their brand or message out into the marketplace—and when we at DCM want to share our own stories and successes—Barb provides the direction and oversight that ensure the right strategy and resources are in place. Passionate about the power of marketing and communication to inform and incent, Barb makes sure that from first spark to final execution, initiatives progress smoothly, according to plan, with the right DCM technology supporting them.
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“As the ‘face’ of your business, your brand is truly one of your most valuable assets. It’s how customers perceive you and relate to you. My goal is to help it stand out, make sure it ‘speaks’ in a relevant and compelling way, and is flawlessly expressed wherever it appears.”
Having worked for over 20 years managing campaign development and rollout in sectors such as retail, financial services, consumer goods packaging, and not-for-profit, Barb is intimately familiar with the many moving parts within marketing and what it takes to mobilize them and get results. She ensures our marketing expertise and solutions align with what clients need now, and can drive future growth.
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Patrick Aussant

Vice President, IT Operations

A seasoned IT executive with extensive experience in change management, Patrick knows how to rally a team around a new path forward. As VP, IT Operations since 2009, Patrick is responsible for planning, implementing, upgrading, and maintaining the infrastructure, applications, and cyber-security at DCM. Under Patrick’s leadership, his groups consistently deliver great internal and external customer experiences—ensuring maximum uptime, stability, and security in the company’s computer systems and networks.
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“IT should be transparent. It should provide our internal teams and external customers with easy access to timely, accurate information so seamlessly they don’t even know it’s there. That is my vision for IT.”
Over the course of his 30 years in information technology, Patrick has developed a deep knowledge in acquisition, merger, and ERP implementation. Previous to DCM, he was Senior IT Director at Relizon Canada. Patrick studied Business Administration at UQAM, Montreal, and Information Technology at Control Data Institute, Montreal.
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Jason Sharpe​

Senior Vice President, Commercial Leadership

Taking an idea from concept to commercialization requires an innate ability to balance opportunity with risk while maintaining a bird’s-eye view of constantly evolving market trends. Jason’s ability to do that, and help clients leverage their potential, is second-to-none.
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“You have to start by knowing how the client measures their success—by understanding their higher-order needs. Only then can you bring forward ideas that align with their growth strategy.”
A business development and sales professional with over 20 years of experience, Jason has a unique knack for helping clients drive value in their organizations. To that end, he pushes the DCM sales team to think not just about volume of ideas, but finding the best ideas on an enterprise-wide basis. Ideas that meet clients’ objectives, fulfill the needs of their customers, and move metrics in the right direction.
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Sharad Verma

Senior Vice President, Strategy & Marketing

It takes insight and foresight to assess big-picture challenges and turn them into meaningful opportunities, supported by the right solutions. Sharad is a master of interpreting complex client requirements and market trends, and responding with ideas ground in both evidence and aspiration.
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“My job is to unify our teams around one central mission: to ensure our customers get the best solutions for their business—from strategy to execution—that will improve the bottom line.”
With over 25 years of experience in digital marketing and management consulting, Sharad has helped a diverse set of clients create value through innovative marketing and consumer solutions. Backed by his own entrepreneurial experience founding and running a successful digital agency, he brings together DCM’s multi-disciplinary teams to solve problems and drive sustainable business performance for our clients.
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James E. Lorimer

Chief Financial Officer

With more than 20 years of experience as a finance professional in capital markets, James knows a thing or two about aligning business and finance strategy. As CFO, James plays a key role in guiding the long-term direction of DCM, providing the proper financial planning, analysis tools, and leadership to the organization. Previously an investment banker, private equity fund advisor, and a senior member of an executive search firm, James is all about collaborating with people to develop and implement capital markets and M&A strategies

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“It’s been exciting transforming the business from printing to marketing and communications; our clients value the transparency and insights into our new strategic direction that my team has offered throughout the transition.”

James’ extensive career as an investment banker began at Midland Walwyn Capital (now Bank of America Merrill Lynch), leading small- and mid-cap, high-growth companies. He later co-founded Clarus Securities, a leading Canadian institutional-focused investment dealer, where he served as head of investment banking and as a member of the executive committee. Before joining DCM in 2015, he held a senior role with Ludwig Wessel & Associates, a boutique executive search firm specializing in the capital markets. He also advised a private equity fund and its portfolio companies on debt & equity financings and mergers & acquisitions. James holds an MBA from the Ivey Business School at Western University.

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Richard Kellam

President & Chief Executive Officer

Arriving with a fresh vision, an appetite for learning and growth, and more than 35 years of experience in general management, customer development and marketing communications, Richard Kellam is well set up to lead DCM into the future. His resume reads like a who’s-who of major brands. Before coming to DCM, Richard was Chief Executive Officer of Advantage Group International, a leading consulting and business development company serving major global enterprises.
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“I do this work because I’m passionate about the potential of exceptional marketing. I’ve learned something new in every position I’ve held, and I bring that to bear in every role I undertake.”
Richard’s professional learning began as Brand Manager for Playtex Limited. He took his on-the-job education to higher levels with positions at Robin Hood Multifoods, Molson Breweries, Mars Inc., and The William Wrigley Company. By the time he became Senior Vice President of Global Sales and Marketing at Goodyear, he had earned the leadership expertise and industry reputation to teach a master class. Richard’s formal education was taken at the University of Western Ontario.
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Shelly  Anwyll

Senior Vice President, North America, Retail & Emerging Markets

With her keen eye for budding opportunities, Shelly guides market strategy and oversight for DCM’s enterprise business solutions in her role as SVP, North America, Retail & Emerging Markets. Leveraging her strong background in retail, healthcare and Consumer Packaged Goods (CPG), she is especially active in positioning DCM as a leader in the cannabis space and nurturing partnerships with over a dozen of Canada’s leading cannabis producers. Recently, Shelly’s expertise helped DCM develop a full solution to meet Health Canada’s regulatory labelling requirements.
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“My entrepreneurial spirit, open mind, and appetite to win drives me to challenge my clients on the status quo and inspire them to think beyond today to new opportunities for excellence tomorrow.”

Shelly has held various VP roles over her 25-year career in outsourced marketing services, on both the client-side and at agencies including Mosaic, Match Marketing, and Consumer Impact Marketing. A proud supporter of SickKids, Shelly was the Vice President of Strategic and Corporate Partnerships at SickKids Foundation. She has a Bachelor of Arts in Economics from Laurentian University.
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James E. Lorimer

Corporate Secretary

With more than 20 years of experience as a finance professional in capital markets, James knows a thing or two about aligning business and finance strategy. As CFO, James plays a key role in guiding the long-term direction of DCM, providing the proper financial planning, analysis tools, and leadership to the organization. Previously an investment banker, private equity fund advisor, and a senior member of an executive search firm, James is all about collaborating with people to develop and implement capital markets and M&A strategies.

James’ extensive career as an investment banker began at Midland Walwyn Capital (now Bank of America Merrill Lynch), leading small- and mid-cap, high-growth companies. He later co-founded Clarus Securities, a leading Canadian institutional-focused investment dealer, where he served as head of investment banking and as a member of the executive committee. Before joining DCM in 2015, he held a senior role with Ludwig Wessel & Associates, a boutique executive search firm specializing in the capital markets. He also advised a private equity fund and its portfolio companies on debt & equity financings and mergers & acquisitions. James holds an MBA from the Ivey Business School at Western University.

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Derek J. Watchorn

Director

Derek joined DCM’s board in 2016, bringing with him a wealth of global experience. Over the past six years, he was consultant and management committee member on the redevelopment of Buttonville Airport land, as well as consultant on a joint venture involving a major shopping centre in Budapest. A lawyer by trade, Derek has extensive executive experience in the real estate industry in Ontario and abroad. Currently a director of Timbercreek Financial Corp., he also served in London, England as Executive Vice President of Canary Wharf plc and Executive Director of TrizecHahn plc.

Derek joined the law firm Davies Ward Phillips & Vineberg LLP as a solicitor in 1968, becoming partner two years later. Until 2004, he was a senior advisor to the Paul Reichmann family in Toronto, a capacity in which he served on a seconded basis as Executive Director of Olympia & York Canary Wharf plc. Derek was previously a director of Patheon Inc.

Mike Sifton

Mike Sifton

Director

With his long and successful career in the newspaper publishing business, Mike brings extensive experience and expertise in print operations management to DCM, where he has served as a director since 2015, and was CEO until 2018. Previously, Mike was President and CEO of Sun Media, and before that, led the formation and eventual public offering of Osprey Media Group. Prior to forming Osprey, Mike was President of Hollinger Canadian Newspapers L.P. and President and CEO of family-owned Armadale Communications.

Most recently, Mike has served as a Managing Director at Beringer Capital, a private equity firm based in Toronto that focuses on the marketing, specialty-media and advertising industries in North America. In addition to Mike’s work at DCM, he is a past Director of Yellow Pages Limited and is involved in a number of not-for-profit organizations, including serving as the former Chairman of the Board of Governors for St. Andrews College in Aurora, Ontario. Mike holds a B. Comm (Honours) from Queen’s University.

James J. Murray

James J. Murray, SIOR

Director

With a rich career spanning 50 years in the commercial brokerage industry, James has always been passionate about helping people put their ideas into action. Currently a Principal and SVP of Lennard Commercial Realty Limited, he joined DCM’s board in June 2016. As SVP and Director of Business Development at Cushman & Wakefield Ltd. Brokerage, James led major assignments across Canada, including the Mississauga and Oakville campuses of Sheridan College, Movati Health Clubs, and the TPCL head office in Calgary. Prior to that, he was the Managing Director and a Partner at J.J. Barnicke. Named “Business Person of the Year” by the Mississauga Board of Trade in 2009, James has received the Queen’s Silver Jubilee and Diamond Jubilee medals and, in 2015, the prestigious Order of Ontario.

James is a member of the Society of Industrial & Office Realtors and is President and Chair of the Hazel McCallion Foundation for Arts, Heritage and Culture. He has also served two six-year terms as a board member and vice chair of the Peel Regional Police Services Board, as well as a 12-year term on the board of governors at Credit Valley Hospital.

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Richard Kellam

Director & Officer

Arriving with a fresh vision, an appetite for learning and growth, and more than 35 years of experience in general management, customer development and marketing communications, Richard Kellam is well set up to lead DCM into the future. His resume reads like a who’s-who of major brands. Before coming to DCM, Richard was Chief Executive Officer of Advantage Group International, a leading consulting and business development company serving major global enterprises.


Richard’s professional learning began as Brand Manager for Playtex Limited. He took his on-the-job education to higher levels with positions at Robin Hood Multifoods, Molson Breweries, Mars Inc., and The William Wrigley Company. By the time he became Senior Vice President of Global Sales and Marketing at Goodyear, he had earned the leadership expertise and industry reputation to teach a master class. Richard’s formal education was taken at the University of Western Ontario.

 

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Greg Cochrane

Vice Chairman

Greg provides well-rounded oversight of DCM, having led the company from 2016 to 2021 as President and CEO. He now serves as Vice Chairman of the company, bringing his experience in marketing services, communications, event management, and private equity investment to the company and its shareholders.

As an owner of Mariposa Communications earlier in his career, he helped build it into Canada’s largest event company by the time it was sold to Mosaic. Soon after, he became lead investor and director of Pareto Corporation, a marketing services start-up that he helped go public before its sale to a private equity firm. Greg continued his career at VRG Capital, where he served as lead investor and director in a number of public and private companies. In 2016, he joined DCM as an investor and director, becoming President and then CEO. He has held his current role of Vice Chairman since April 2021. Passionate about giving back to Canadian communities, Greg was recognized with Canada’s 125th Commemorative Anniversary medal for volunteerism. He has an MBA from the Smith School of Business at Queen’s University.
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J.R. Kingsley Ward

Chairman of the Board

With over 30 years of experience as an investor in, and director of, private equity and public company investments, Kingsley provides incomparable guidance to DCM. He became director of the company in 2014 and Chairman in 2016. Kingsley began his career in 1991 at Vimy Ridge Group Ltd., later serving as President of VRG Capital. He co-founded and was director of Globalive Technology Partners, an AI and blockchain technology company, and also founded IPEC (now Flint Energy Services). Later, he founded Pareto Corp., a marketing services company, and served as Director of PLM Group, a commercial printing and direct marketing company. Now Managing Partner of VRG Capital Corp., he is also Chairman on a number of boards across a wide range of industries including finance, communications, and pharma.

Passionate about giving back to Canadian communities, Kingsley has worked with Polo for Heart, a Heart & Stroke Foundation charity event, for 25 years. He is a co-chair of the Capitalize for Kids board, an investor conference in support of SickKids Hospital, and is a past director of the Special Olympics Canada Foundation. Actively involved in YPO (Young Presidents’ Organization) since 1999, Kingsley has held a number of positions, including chairman of the Ontario chapter and Canadian regional educational officer.