Highlights
- The Fonds régionaux de solidarité FTQ Québec grant a $500,000 unsecured loan to Vumetric to support its growth and enable it to intensify its marketing activities.
- Vumetric specializes in cyber security and penetration testing.
- Vumetric’s strategy is to capitalize on the increased demand for cybersecurity services as well as to export its expertise abroad.
- The company is well positioned to step up its marketing activities and its many large clients give it excellent credibility.
Québec City, February 2, 2018 – The Fonds régionaux de solidarité FTQ Québec are investing $500,000 in Vumetric, a cybersecurity company with offices in Québec City and Montréal.
Vumetric will use the funds to intensify its marketing activities in a burgeoning market, where businesses increasingly understand the cost of cyber attacks and the need for adequate protection. Hence the growing demand for cybersecurity services and solutions.
With hundreds of projects to its credit, Vumetric is positioning itself as one of the most respected companies in its field. The company offers security audits, penetration testing and various managed services.
Quotes
“Vumetric has demonstrated real vision, spending the last 10 years positioning itself in a promising, booming niche. Vumetric’s reputation, established thanks to the major clients served, and its expertise, are key factors that contribute to its success. This innovative company has both sustained growth and strong profitability, and its executives intend to seize the opportunities created by the growing awareness of the need for IT security.”
Jean Roy, Regional Manager, Fonds régionaux de solidarité FTQ – Québec and Chaudière-Appalaches
“Since 2014, we have more than doubled our customer base, which speaks to the growth potential of the cybersecurity market in the years ahead. Regardless of size, businesses are vulnerable where data protection is concerned and must be proactive in managing cyber risks. Vumetric has positioned itself as a leader by offering services and solutions that provide concrete answers to today’s cybersecurity issues. The volume of recurring contracts with major clients is also growing strongly, illustrating the effectiveness and relevance of our specialized cybersecurity offer.”
Patrick Chevalier, President and Chief Executive Officer, Solutions Vumetric
About the Fonds régionaux de solidarité FTQ
The Fonds régionaux de solidarité FTQ have been helping to further regional economic development in Québec for over 20 years. An integral part of the Fonds de solidarité FTQ network, the Fonds régionaux have invested $697 million in 1,095 projects since 1996, helping to create, maintain or protect close to 39,400 jobs. www.fondsreg.com
About Vumetric
Vumetric is a privately held company specialized in cyber security. With hundreds of projects to its credit and the continued support of its clients, Vumetric has refined a unique approach that has benefited private businesses and organizations of all sizes. Since 2007, Vumetric has been standing out on the market for its practical and hands-on approach, high level expertise and innovative solutions.
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Information for media representatives only:
Patrick McQuilken
Senior Advisor, Media Relations and Communications
Fonds de solidarité FTQ
Phone: 514 850-4835
Mobile: 514 703-5587
Email: pmcquilken@fondsftq.com