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Press releases

August 2, 2016

The Fonds de solidarité FTQ invests $4.2 million to support the growth of Processia Solutions in international markets

In order to support the growth of Processia Solutions, the Fonds de solidarité FTQ is announcing today it has taken a $4.2 million minority interest in the company founded in Quebec in 2000. This investment will enable Processia Solutions to strengthen its position on international markets, notably in the United States, in France and in Great Britain, where it already has a presence, and to support the company in its next phases of growth.

Created in 1983, the Fonds de solidarité FTQ is a development capital fund that calls upon the solidarity and savings of Quebecers to help fulfill its mission to contribute to Québec's economic growth by creating and protecting jobs through investments primarily in small and medium-sized businesses in all spheres of activity.

The Fonds also seeks to encourage Quebecers to save for retirement and to offer its over half a million shareholders-savers a reasonable return over and above the outstanding tax benefits they receive for purchasing Fonds shares. A leading purveyor of unsecured risk capital (growth and venture capital), the Fonds continues to drive our economy.