Montreal, June 14th, 2007 – Trellia Networks Inc., leading developer of intelligent mobility solutions based in Montreal, announced today it has received USD 3.5 million in financing from Solidarity Fund QFL and Skypoint Capital.
“These funds will allow us to grow the company aggressively, allowing us to rapidly commercialize our solutions within the wireless carrier, devices and IT enterprise markets.” said Giovanni Forte, founding President and CEO of Trellia. “We are very pleased to have Solidarity Fund QFL and Skypoint Capital as our partners. Their investment in Trellia is a clear validation of our technology and business strategy”
“With its wireless and software architecture and expertise combined with an open-standard carrier grade solutions, Trellia has successfully been able to deliver solutions to tier-one manufacturers and telecom operators. Although it faces a formidable marketing challenge, we believe the company has everything it takes to soar, and we commend its management team for its work and strategic vision ”, stated Jacques Bernier, the Fund’s Senior Vice-President, Information Technologies, Telecommunications and Industrial Innovations.
Trellia has developed numerous mobility solutions that enable secure and seamless connectivity for the mobile workforce in a multi-wireless-network environment. With support for LAN, Wi-Fi, 3G cellular and WiMAX communication technologies, Trellia’s solutions are the first to provide a zero-click connectivity experience to the mobile worker, while enforcing stringent IT policies on mobile devices such as laptops and smartphones.
Numerous wireless carriers, hardware manufacturers and IT organizations throughout North-America have chosen Trellia’s Nomad Mobility Platform. The Nomad solution is particularly suited for the needs of mobile workers within the finance, healthcare and government markets.
This funding announcement represents the second investment in Trellia by Skypoint Capital. The last investment, totalling USD 3.3 million, dates back to 2005.
“We believe that Trellia is well positioned to become a major player in the mobility market. Our investment will help Trellia achieve their commercialization objectives rapidly.” said Andrew Katz, General Partner and co-founder of Skypoint Capital.
About the Solidarity Fund QFL
With net assets of over $6.8 billion, the Solidarity Fund QFL is a development capital company that through its RRSP channels the savings of Quebecers into investments in all sectors of the economy to help create and maintain jobs and to further Québec's economic growth. The Fund is a partner, either directly or through its network members, in 1,681 companies. It currently has nearly 570,000 shareholders and has helped, on its own or with other financial partners, to create, maintain and support over 116,000 jobs. For more information, visit www.fondsftq.com.
About Skypoint Capital®
Skypoint Capital® (www.skypointcorp.com) forms and manages venture capital funds that stimulate and leverage the ever-changing telecommunications and information technology sector. Its funds provide early-stage equity capital to new or growing businesses with the potential to become major enterprises. The firm, which currently has US $160 million under management, invests primarily in Canada, but also in the US, Israel and the UK. The members of the Skypoint Capital team have participated in more than 80 technology start-ups in the Ottawa and Montreal regions.
About Trellia
As the leading worldwide developer of intelligent mobility solutions, Trellia’s vision is to enable a world where the mobile workforce is always securely and seamlessly connected. Privately held and headquartered in Montreal, Trellia has established partnerships with leading technology developers as well as service providers that enable seamless integration of its solutions into any enterprise environment. Trellia’s solutions securely and seamlessly mobilize workers worldwide. For more information visit www.trellia.com.
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Information:
The telephone numbers provided below are for the exclusive use of journalists and other media representatives.
Trellia :Brett Beranek, Marketing Manager
+1.514.747.5222 ext.285
bberanek@trellia.com
Solidarity Fund QFL : Josée Lagacé, Senior Advisor, Press Relations and Communications
Telephone: 514 850-4835
E-mail: jlagace@fondsftq.com