LogicTree Secures US$2.0 Million Financing From MMV Financial > MMV Financial | Venture Loan | Bridge Loan | Structured Loan | Debt Financing | MMV Capital Partners > Archives
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Bowie, MD – LogicTree Corporation, a leading provider of speech-enabled IVR solutions for travel information for State and Local Governments announces the completion of a US$2.0 million venture loan from Toronto based MMV Financial. “MMV Financial has a history of working with our lead investor and structured a deal which met our needs for growth capital. We look forward to having them as our new financial partner.” “We believe LogicTree will continue to build upon its recent success in both the transit and “511” traffic markets.” said Greg Dimmer, Senior Vice President, MMV Financial Inc. “This well managed company is emerging as a leader in the market and we are excited to be a part of their success. This is our second investment in the State of Maryland this year and we look forward to more activity in the region in 2009.” About LogicTree Founded in 1997 by experienced designers of telecom switches and IP gateway products, LogicTree is focused on providing market leading Transit Information and 511 IVR products and services. MMV is backed by top U.S. and Canadian private equity firms and financial institutions including CCP Equity Partners, Caisse de dépôt et placement du Québec, Fonds de Solidarite des Travailleurs du Quebec, HSBC Bank Canada, NewStar Financial Inc., ROI Capital, and Wells Fargo Company.
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