Financial backing from Anges Québec Members, Anges Québec Capital, and Desjardins – Innovatech to support development and innovation at IONODES
Montreal, June 22, 2016 – Angel investors from Anges Québec have announced a $445,000 investment in the Laval company IONODES. Since its inception in 2007, IONODES has specialized in developing the latest in IP video compression, transmission, and decoding technology for business, government, and military clients. This amount is supplemented by a $500,000 investment from Anges Québec Capital and $580,000 in funding from Desjardins – Innovatech.
Angel investor Robert Branchaud hopes that the financial support will help the company grow and break into new markets: “Thanks to this funding, efforts will be made to step up the company's business development in the United States, Europe, the Middle East, and Africa. “IONODES has products and an innovative approach that I’m certain will have a place in the international market because the company has developed an effective technology for improving and facilitating video recording, transmission, and storage.” In concrete terms, this new investment will allow the company to open its first branch in Europe.
When making the investment, Jacques Perreault, Associate Vice-President, Technological Innovations at Desjardins Business régional et coopératif, manager of Desjardins – Innovatech, was impressed by IONODES’s flexibility and ability to adapt and innovate: “This funding is a sign of trust and a major growth driver for the company and we’re very happy to be a part of it to help accelerate strategic partnerships in certain promising segments of the video surveillance market.”
Alongside this expansion project, IONODES is pursuing its research and development operations. As IONODES president Éric Tasso explains, “Developing technological innovations and creating new products adapted to the ever-changing video surveillance market are really our company’s biggest concerns. And Anges Québec’s support is more than just a dollar amount; it also gives us access to a considerable amount of expertise and invaluable advice.”
Some members of the IONODES R&D team are working to develop innovative portable cameras designed specifically for police and military use. This is a booming market segment with significant growth potential.
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About IONODES
Founded in 2007, IONODES specializes in developing the latest in IP video compression, transmission, and decoding technology as well as video content management appliances and software platforms. Thanks to its unique know-how in the area of IP video management solutions and key partnerships with other innovative companies in security, the company can meet a complete range of IP video surveillance hardware and software needs. IONODES also guides clients through every stage of the process to design solutions adapted to their needs, from hybrid analog and IP solutions to more advanced multi-site all-IP deployments.
About the Anges Québec Capital fund
Anges Québec Capital is an investment fund set up to invest alongside the members of Anges Québec. Sponsored by the Government of Quebec, Caisse de dépôt et placement du Québec, Fonds de solidarité FTQ, and Investissement Québec, the fund supports the angels who invest in innovative Quebec businesses in the seed or startup phase. The joint efforts by the angels and fund sponsors result in $85 million made available to entrepreneurs, allowing them to benefit from more substantial financial leverage in order to considerably grow their business.
About Desjardins – Innovatech
Created in 2005 and managed by Desjardins Business Capital regional et coopératif, Desjardins – Innovatech was formed through a joint initiative of the Quebec Government and Capital régional et coopératif Desjardins.With commitments of over $65 million in nearly 50 companies and funds, Desjardins – Innovatech’s primary mission is to promote and support venture capital financing for Quebec companies working in technology development or industrial innovation, and business succession for Quebec innovation entrepreneurs.To fulfil its mission, Desjardins – Innovatech partners with other technology players—specialized investment funds, entrepreneurs, angel investors, technology enterprise accelerators—to provide even greater outreach to SMEs with promising prospects for driving job creation and economic development.
(www.desjardins-innovatech.com)
Information and interviews (journalists only):
| IONODES and Anges Québec
Marco Parent
514-349-7778 |
Desjardins – InnovatechRichard Lacasse
418-835-8444, ext. 556 3163 |