GEOCOMtms Raises $1.5M in Debt Financing > MMV Financial | Venture Loan | Bridge Loan | Structured Loan | Debt Financing | MMV Capital Partners > Archives
Summary
QUEBEC CITY -- GEOCOMtms, a provider of software designed for fleet routing, scheduling, and logistics operations, said it has raised CAD 2.1 million ($1.5 million) in debt financing. MM Venture Partners provided the financing that will be used for working capital. Other executives at the company include Helene Macaluso, vice president of finances and human resources. GEOCOMtms A.MAZE product suite enables users to model routing and scheduling constraints, to simulate events to create sequences and schedules, and to optimize the fleets distribution activities. In addition, it provides real-time feedback and response through its wireless communication gateway, which enables companies to re-schedule their routes according to requests occurring throughout the day.