Fonds de solidarité FTQ invests $4.725 million in Mediagrif Interactive Technologies Inc.
Montréal, December 6, 2012 – The Fonds de solidarité FTQ is investing $4.725 million in Mediagrif Interactive Technologies Inc., a Longueuil-based company in the new economy sector. This investment is realized in connection with Mediagrif’s private placement of common shares totalling $35 million.
Founded in 1996, Mediagrif provides business and consumers with innovative e-commerce solutions to help them maximize their reach and effectiveness. The company’s e-business networks include MERX in the government opportunities sector and LesPAC in the consumer solutions field.
“This investment shows the Fonds de solidarité FTQ’s ongoing commitment to support the new economy sector and companies with a bright future ahead such as Mediagrif,” stated Alain Denis, Senior Vice-President for New Economy at the Fonds de solidarité FTQ. “Mediagrif can count on an experienced management team that has allowed the company to show good results. This transaction is good for the Fonds’ shareholders, the development of Québec’s information technology sector and the future of Mediagrif.”
The Fonds de solidarité FTQ and the Fonds régionaux de solidarité FTQ information technology and telecommunications portfolios include 52 partner companies, representing total investments of $825 million. More than 3400 jobs were created, maintained or saved through these companies.
About the Fonds de solidarité FTQ
The Fonds de solidarité FTQ helps drive our economy. With net assets of $8.5 billion as of May 31, 2012, the Fonds is a development capital investment fund that channels the savings of Quebecers into investments in all sectors of the economy to help further Québec's economic growth. Its investments, in all sectors of the economy, contribute to the creation and maintenance of businesses and development in Quebec. The Fonds is a partner, either directly or through its network members, in 2,239 companies. With its 594,287 owner-shareholders, it has helped, on its own or with other financial partners, to create, maintain and protect 168,577 jobs. For more information, visit www.FondsFTQ.com.
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