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PRESS RELEASE
\nFOR IMMEDIATE RELEASE<\/p>\n
Financial backing from Anges Qu\u00e9bec, Anges Qu\u00e9bec Capital, and Desjardins \u2013 Innovatech
\nto support development and innovation at IONODES<\/b><\/p>\n
Montreal, June 22, 2016 \u2013\u00a0<\/b>Angel investors from Anges Qu\u00e9bec 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 Qu\u00e9bec Capital and $580,000 in funding from Desjardins \u2013 Innovatech.<\/p>\n
Angel investor Robert Branchaud hopes that the financial support will help the company grow and break into new markets: \u201cThanks 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.\u00a0\u201cIONODES has products and an innovative approach that I\u2019m 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.\u201d In concrete terms, this new investment will allow the company to open its first branch in Europe.<\/p>\n
When making the investment, Jacques Perreault, Associate Vice-President, Technological Innovations at Desjardins Business Capital r\u00e9gional et coop\u00e9ratif, manager of Desjardins \u2013 Innovatech, was impressed by IONODES\u2019s flexibility and ability to adapt and innovate:\u00a0\u201cThis funding is a sign of trust and a major growth driver for the company and we\u2019re very happy to be a part of it to help accelerate strategic partnerships in certain promising segments of the video surveillance market.\u201d<\/p>\n
Alongside this expansion project, IONODES is pursuing its research and development operations. As IONODES president \u00c9ric Tasso explains, \u201cDeveloping technological innovations and creating new products adapted to the ever-changing video surveillance market are really our company\u2019s biggest concerns. And Anges Qu\u00e9bec\u2019s support is more than just a dollar amount; it also gives us access to a considerable amount of expertise and invaluable advice.\u201d<\/p>\n
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.<\/p>\n
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About IONODES<\/b><\/p>\n
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.\u00a0Thanks 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.\u00a0IONODES 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.<\/b><\/p>\n
About Anges Qu\u00e9bec<\/b><\/p>\n
Anges Qu\u00e9bec is a network of 180 private investors that finds, finances, and coaches innovative Quebec companies with high growth potential. In this capacity, Anges Qu\u00e9bec works with a number of key Quebec organizations interested in the development and growth of technological innovations. So far, Anges Qu\u00e9bec members have made more than 100 investments and reinvestments in promising businesses in the seed and startup phases. For more information about the Anges Qu\u00e9bec network, go to\u00a0www.angesquebec.com<\/a>. Join our group on LinkedIn.com and stay on top of the latest Anges Qu\u00e9bec news and activities.<\/p>\n About the Anges Qu\u00e9bec Capital fund<\/b><\/p>\n Anges Qu\u00e9bec Capital is an investment fund set up to invest alongside the members of Anges Qu\u00e9bec. Sponsored by the Government of Quebec, Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec, Fonds de solidarit\u00e9 FTQ, and Investissement Qu\u00e9bec, 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.<\/p>\n <\/p>\n About Desjardins \u2013 Innovatech<\/b><\/p>\n Created in 2005 and managed by Desjardins Business Capital regional et coop\u00e9ratif, Desjardins\u00a0\u2013\u00a0Innovatech was formed through a joint initiative of the Quebec Government and Capital r\u00e9gional et coop\u00e9ratif Desjardins.\u00a0With commitments of over $65\u00a0million in nearly 50\u00a0companies and funds, Desjardins\u00a0\u2013Innovatech\u2019s 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.\u00a0To fulfil its mission, Desjardins\u00a0\u2013 Innovatech partners with other technology players\u2014specialized investment funds, entrepreneurs, angel investors, technology enterprise accelerators\u2014to provide even greater outreach to SMEs with promising prospects for driving job creation and economic development.\u00a0(www.desjardins-innovatech.com<\/a>)<\/p>\n <\/p>\n <\/p>\n <\/p>\n Information and interviews (journalists only):<\/i><\/b><\/p>\n \u00a0<\/b><\/p>\n Desjardins \u2013 Innovatech<\/b><\/p>\n\n\n
\n IONODES and Anges Qu\u00e9bec
\n<\/b>Marco Parent
\n514-349-7778
\nmparent@tactconseil.ca<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n