|By PR Newswire||
|March 27, 2014 07:01 AM EDT||
MONTREAL, March 27, 2014 /CNW Telbec/ - In less than three years, close to $200 million has been invested in 186 companies across Québec in the first phase of the Capital croissance PME (CCPME) fund, according to its sponsors, Capital régional et coopératif Desjardins (CRCD) and La Caisse de dépôt et placement du Québec (CDPQ). Established in 2010, the fund offers small and medium-sized businesses financing for growth, expansion, transfers or acquisitions.
"Today, we celebrate the success of this initiative, which has supported the growth of so many small Québec businesses," said Normand Provost, Executive Vice-President, Private Equity, at La Caisse de dépôt et placement du Québec. "Given these outstanding results, it goes without saying that we will renew our investment in the Capital croissance PME fund to further support the today and tomorrow's champions from all regions."
Marie-Claude Boisvert, Chief Operating Officer of Desjardins Business Capital régional et coopératif, believes CCPME has fulfilled its promises in every respect. "When we created this financial lever, we wanted to provide entrepreneurs with patient, flexible capital, available everywhere in the regions. The entrepreneurs were there and took advantage of the resources made available to them. Their projects have had a noticeable effect on local economies."
A significant impact on Québec regions
After three years of sustained activity, Capital croissance PME has supported various business projects that have proven to be a boost for all regional economies.
Number of businesses
Total amount by region
in millions of dollars
Tangible results, Some examples of tangible results:
A new life for Récupère Sol - Saguenay-Lac-Saint-Jean
- CCPME assisted in the purchase of Récupère Sol inc. (RSI) by its executive director, Jean-François Landry. Founded in 1992, RSI specializes in the remediation of contaminated soil. It employs 45 people at its plant in Saint-Ambroise and generates about $6 million in spinoffs annually in Saguenay-Lac-Saint-Jean.
Sherbrooke OEM becomes 100% Québec-owned - Eastern Townships
- With the help of Capital régional et coopératif Desjardins and La Caisse de dépôt et placement du Québec, Sherbrooke OEM, a company specializing in the design, manufacturing and integration of custom recycling equipment, has bought back shares held by U.S. interests, thus becoming a 100% Québec-owned company. This has ensured the maintenance and creation of quality jobs in Sherbrooke.
Supported innovation at Productions horticoles Demers - Chaudière-Appalaches
- The support of CCPME was a tremendous stimulus for innovation at Productions horticoles Demers, a Lévis company specializing in the production of greenhouse tomatoes and berries. The company built a new greenhouse in Saint-Nicéphore, near Drummondville, which is kept warm by heat recovered from a cogeneration plant fuelled by biogas.
A passport to new horizons for LVL Studio - Montréal
- LVL Studio is a Montréal company specializing in the design and development of services and applications for the world of television and media content. CCPME enabled the company to refine its products and services, propelling it to become one of the most innovative of its industry, which has allowed it to win many large contracts.
Successful acquisition by Groupe MBI - Central Québec
- Capital croissance PME helped Michel Blanchette, President of Groupe MBI, of Bécancour, acquire a share in the ownership of Reftch international in order to diversify its range of products and services. Groupe MBI specializes in the field of masonry and refractory brick and now has 11 satellite companies. This family-owned company has four main partners: Michel Blanchette, his son Luc, his brother Pierre and his cousin Marc. Other members of the family are active in the development of this solid international company, which employs more than 300 people here and abroad.
Already $7.6 million committed to nine companies through CCPME II fund
CRCD and the CDPQ are also announcing their agreement to new the Capital croissance PME ll fund. The two sponsors have recently renewed their partnership and the fund's operations were launched in January 2014. With market capitalization of $230 million ($115 million per sponsor), CCPME ll aims to meet the financial needs of Québec companies, primarily in the form of subordinated loans of less than $5 million. In this way, CCPME ll will continue the mission of supporting economic development and the growth of small and medium-sized businesses. As at February 28, nine companies already obtained financing from this new phase, totalling $7.6 million.
About La Caisse de dépôt et placement du Québec
La Caisse de dépôt et placement du Québec is a financial institution that manages funds primarily for public and private pension and insurance plans. As at December 31, 2013, it held $200.1 billion in net assets. As one of Canada's leading institutional fund managers, La Caisse invests in major financial markets, private equity, infrastructure and real estate, globally. For more information: www.lacaisse.com.
About Capital régional et coopératif Desjardins
With over 100,000 shareholders and $1,471 million in net assets, Capital régional et coopératif Desjardins (CRCD) is a public company managed by Desjardins Business Capital régional et coopératif. CRCD contributes to Québec economic development through several levers developed with its manager, with CRCD as the driving force. These levers form CRCD's entrepreneurial ecosystem designed to value and nurture the best of Québec entrepreneurship. Directly or indirectly through its ecosystem, CRCD supports the growth of over 360 businesses, cooperatives and funds in various industries spanning all Québec regions, helping to create and retain 47,000 jobs. (www.capitalregional.com)
SOURCE Caisse de dépôt et placement du Québec
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lead...
Dec. 9, 2016 02:15 PM EST Reads: 223
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Phil Hombledal, Solution Architect at CollabNet, discussed how customers are able to achieve a level of transparency that e...
Dec. 9, 2016 02:15 PM EST Reads: 1,285
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
Dec. 9, 2016 02:15 PM EST Reads: 1,770
"At ROHA we develop an app called Catcha. It was developed after we spent a year meeting with, talking to, interacting with senior citizens watching them use their smartphones and talking to them about how they use their smartphones so we could get to know their smartphone behavior," explained Dave Woods, Chief Innovation Officer at ROHA, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 9, 2016 02:15 PM EST Reads: 803
"Venafi has a platform that allows you to manage, centralize and automate the complete life cycle of keys and certificates within the organization," explained Gina Osmond, Sr. Field Marketing Manager at Venafi, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 9, 2016 01:30 PM EST Reads: 1,172
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Dec. 9, 2016 11:45 AM EST Reads: 2,374
Application transformation and DevOps practices are two sides of the same coin. Enterprises that want to capture value faster, need to deliver value faster – time value of money principle. To do that enterprises need to build cloud-native apps as microservices by empowering teams to build, ship, and run in production. In his session at @DevOpsSummit at 19th Cloud Expo, Neil Gehani, senior product manager at HPE, discussed what every business should plan for how to structure their teams to delive...
Dec. 9, 2016 11:45 AM EST Reads: 1,540
"We analyze the video streaming experience. We are gathering the user behavior in real time from the user devices and we analyze how users experience the video streaming," explained Eric Kim, Founder and CEO at Streamlyzer, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 9, 2016 11:45 AM EST Reads: 695
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Dec. 9, 2016 11:45 AM EST Reads: 7,368
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.
Dec. 9, 2016 11:45 AM EST Reads: 2,238
SYS-CON Events announced today that Fusion, a leading provider of cloud services, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Fusion, a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry’s single source for the cloud. Fusion’s advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including clou...
Dec. 9, 2016 11:30 AM EST Reads: 535
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
Dec. 9, 2016 11:30 AM EST Reads: 1,010
"MathFreeOn.com is a line coding platform for engineers and scientists. When they want to solve an engineering problem and they have to use software - they have to pay a lot of money for licenses - but with MathFreeOn you don't have to pay a lot of money. Just go to our site and write the code and you can check the result right away," explained Simon Lee, CMO of MathFreeOn, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Cla...
Dec. 9, 2016 11:21 AM EST Reads: 271
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...
Dec. 9, 2016 11:00 AM EST Reads: 714
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and sh...
Dec. 9, 2016 11:00 AM EST Reads: 741