Financial backing from Anges Québec, Anges Québec Capital, and Desjardins - Innovatech to support development and innovation at IONODES
Summary
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. "IONODES has products and an innovative approach that Im 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." When making the investment, Jacques Perreault, Associate Vice-President, Technological Innovations at Desjardins Business Capital régional et coopératif, manager of Desjardins – Innovatech, was impressed by IONODESs flexibility and ability to adapt and innovate: "This funding is a sign of trust and a major growth driver for the company and were very happy to be a part of it to help accelerate strategic partnerships in certain promising segments of the video surveillance market." As IONODES president Éric Tasso explains, "Developing technological innovations and creating new products adapted to the ever-changing video surveillance market are really our companys biggest concerns. 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.
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