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3.5 Million-Dollar Investment in DFT Microsystems Canada
Montreal, 16 Octobre 2008 -
DFT Microsystems Canada Inc. (DFT), a Montreal-based company specializing in the manufacturing of test solutions for a broad range of high-speed semiconductor interfaces, has attracted a 3.5 million-dollar investment with key participation in the round by Fondaction, le Fonds de développement de la CSN pour la coopération et l’emploi (Fondaction), iNovia Capital and Zon Capital.
“DFT Microsystems is moving into full-scale manufacture of its second-generation instruments and—with this round of financing—is positioned for continued growth,” said David Lisk, President and CEO of DFT Microsystems. “The partnerships we have developed with our first-generation product customers represent a cornerstone of our growth as we roll-out timely products that meet the new requirements of our target market.”
Originally founded in 2003, DFT is a McGill University spin-off continuing to expand its patented-technology portfolio. The company commercializes technology through its compact testing equipment, achieving the same results as high-end systems, at a fraction of their cost. DFT is dedicated to the High-Speed Serial Interface (HSSI) test market for semiconductors integrated into next-generation consumer products such as personal computers, cell phones, and HD television sets.
About DFT Microsystems
DFT Microsystems delivers high throughput, comprehensive test solutions for a broad range of high-speed semiconductor device interfaces. The company’s products dramatically reduce test costs and accelerate time-to-volume by leveraging DFT Microsystems’ revolutionary signal-processing algorithms and highly-integrated implementation technology. The company is positioned to become a leading supplier of compact high-speed serial test solutions for customers spanning the microelectronic device, board, and system industries. For more information visit www.dftmicrosystems.ca.
About Fondaction
Fondaction invests in venture capital in order to maintain and create jobs in Québec. Its net assets, which stood at $627 million as at May 31, 2008, are derived from retirement savings collected from over 85,000 shareholders. Fondaction is the financial partner of about a hundred businesses, as well as partner and specialized funds. It favours businesses that subscribe to a participatory management process, enterprises in the social economy sector (employee controlled, cooperatives, etc.) and those that practice environmental stewardship. Fondaction is Québec’s first financial institution to obtain OS (Organisational Stakeholder) status under the Global Reporting Initiative (GRI) implemented by the United Nations Environment Programme (UNEP). www.fondaction.com, www.REERvert.com
About iNovia Capital
iNovia Capital manages seed and early stage venture capital funds, with a focus on helping entrepreneurs and innovators build successful companies in the sectors of information technology, life sciences and cleantech. iNovia Capital's value-added approach to early stage investing provides portfolio companies with capital, unique access to intellectual property from its partner academic institutions and an extensive network of industry partners, advisors and sector-specific co-investors. For more information, see www.inoviacapital.com.
About Zon Capital
Zon Capital Partners is a private equity fund headquartered in Princeton, New Jersey with offices in Radnor, Pennsylvania. Zon focuses on direct investments of $2 to $5 million in expansion stage information and advanced-technology companies. The firm focuses primarily on opportunities in the Mid-Atlantic region of the U.S. (Connecticut through Northern Virginia) but in specific circumstances the will make investments outside this
Information:
Suzanne La Ferrière
Communications, Fondaction
514-525-7041
Dave Lisk
DFT Microsystems
514-878-8271
Chris Arsenault
iNovia Capital
514-982-2251
Don Perkins
Zon Capital
609-452-1653
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