Fondaction

Fondaction
Nexio Technologies

Nexio Technologies

June 02, 2009 08:00 ET

Fondaction Invests $2.75 Million in Nexio

This investment allows Nexio to intensify its activities pertaining to the acquisition and value realization of innovative technological products and companies

MONTREAL, QUEBEC--(Marketwire - June 2, 2009) - Nexio Technologies has announced that Fondaction is investing $2.75 Million in the company. This investment will allow Nexio to intensify the activities of its Center for the development of innovative technological products. Over the past few years, Nexio has acquired several high-potential technologies - and companies -, acting as a '"technological accelerator" to make them profitable. These advanced productivity enhancement tools are now recognized and used by large organisations on an international basis.

"Fondaction is proud to contribute to the growth of a Quebec enterprise that distinguishes itself in a fast growing industry and provides about one hundred high-level jobs in the Montreal area," said Regent Watier, Fondaction's Head of Investment.

"This investment will support our continued growth and profitability", added Nexio's president Martial Rivard. "Over the past years, we've been growing quite rapidly and we believe these achievements result from our recognized capacity to generate measurable improvements in IT productivity, thanks to our exclusive tools and solid expertise. Fondaction is known for carefully and rigorously screening the companies it invests in and their support is a testimony to our solid business situation."

About Fondaction

Fondaction invests in venture capital in order to maintain and create jobs in Quebec. Its net assets, which stood at $544.6 million as at November 30, 2008, are derived from retirement savings collected from more than 86,000 shareholders. It is the financial partner of about a hundred enterprises and partner and specialized funds. It favours enterprises that subscribe to a participatory management process, enterprises in the social economy (employee-controlled, cooperatives, etc.) and those that practice environmental stewardship. Fondaction is Quebec's first financial institution to obtain OS (Organisational Stakeholder) status under the Global Reporting Initiative (GRI), implemented by the United Nations Environment Programme (UNEP). www.fondaction.com, www.REERvert.com

About Nexio Technologies

Established in 1994, Nexio Technologies is a knowledge-based company, specialized in providing in-depth IT expertise and support services as well as deliver co-provider solutions to organizations around the world. Nexio also offers DataMove, a suite of Data Mobility Services which ensure non disruptive data migrations in Mainframe and Open Systems environments. Nexio's best of breed solutions have also earned customers such successes as the 2004 ITIL project of the year award. For more information, visit www.nexio.com.

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