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GTI Capital Venture Fund Announces New Investment in Polyplan Technologies
Montreal, Quebec, 20 Mai 2003 -
GTI Capital Inc. ("GTI") announced today the conclusion of a new early stage investment by its GTI V Funds.
Polyplan Technologies is the subject of this $1-million investment, part of a $5 million financing round. The participating Venture Capital partners are Investissement Desjardins, contributing $2.5-million, RBC Capital Partners, contributing $1.5-million, and GTI Capital, contributing $1-million.
Polyplan Technologies, a Montreal-based company, specializes in the development of Manufacturing Process Management (MPM) software. The financing will support the marketing efforts of the company in Canada, the United States and Germany.
Polyplan Technologies is a thought leader in the field of Manufacturing Process Management (MPM). Polyplan provides software solutions enabling leading discrete manufacturers seeking to gain major improvements in time-to-market, time-to-quality and product innovation, while reducing product development costs. The Polyplan collaborative MPM™ (cMPM™) solution provides a digital manufacturing working environment for manufacturing engineers to develop more accurate and timely manufacturing strategies and documentation. Polyplan drives the "Concurrent Development" of manufacturing processes and products, reducing the number of errors between engineering and manufacturing.
"We are very proud to associate with Polyplan Technologies, a business run by a seasoned and experienced management team," says André Petitclerc, Vice President, Information Technology, Investissement Desjardins. "This company offers a well-developed technological solution geared toward a growing market which presents a great potential for growth," he concludes.
"The information technology market has been hard hit over the past few years. Only those companies offering their customers products with a solid added value will rise to the top. Polyplan possesses the skills for success," adds Bernard Hamel, Chairman and Senior General Partner of GTI Capital.
"Our partnership with Investissement Desjardins, RBC Capital Partners and GTI Capital represents an important stage in our development," adds Robert Beauchemin, President and CEO of Polyplan. "It allows us to be more aggressive in our market and fuel our expansion in the US and Europe," he says.
About GTI Capital
Established in 1992, GTI Capital is a Montreal-based venture capital firm dedicated to emerging IT enterprises. It applies a fundamental approach to investing and avoids speculative, momentum-driven investments. GTI Capital is particularly interested in the following segments: Business-to-Business e-commerce, Network solutions and convergence technologies, Knowledge Management, Enterprise Application Integration, as well as Electronics and Photonics.
For information:
Bernard Hamel
Chairman and Senior General Partner
GTI Capital
Tel. : (514) 845-3800 ext. 26
E-mail : bernard.hamel@gticapital.com
Mr. Frédéric Stéphan
Public Relations
Polyplan Technologies
Tel.: (866) 765-9676 ext. 233 or (514) 876-8111 ext. 233
E-mail: Frederic.Stephan@PolyplanTechnologies.com
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