Montréal-based software accession aggregation AZUR Group Inc has aloft an bearding costs led by Mazars Consulting Inc.
Desjardins Basic invested in the business as allotment of the deal, while Investissement Québec (IQ) provided a loan.
The funds aloft will advice advance AZUR’s advance by acknowledging its development of custom billow software, as able-bodied as its development and business of EFS, a acute treasury administration solution.
AZUR was founded in 1998 by President and CEO Jean-Louis Lalonde.
Desjardins Basic is an associate of Canadian banking cooperative Desjardins Group.
Desjardins Basic and Investissement Québec become ally of AZUR Group
The aggregation markets EFS, a different and multilingual band-aid that manages banknote flows, that will accept generated investments of $6 actor amid 2014 and 2022
MONTREAL, Oct. 29, 2018 /CNW Telbec/ – As allotment of a costs annular led by Mazars Consulting Inc., Desjardins Basic becomes AZUR Group’s partner, and Investissement Québec makes a accommodation to the aggregation out of its own funds.
These new investments are aimed at accelerating AZUR Group’s advance as a arch bend agenda transformation player. AZUR Group has developed a proprietary apparatus kit which combines quick software prototyping with business intelligence (BI), bogus intelligence (AI) and technologies from Microsoft and Salesforce, amidst others, to advice audience advance mission analytical software. In accession to allowance advance custom billow software, the new investments will added accredit the development and business of EFS, a acute treasury administration solution.
EFS is a new Canadian and multilingual banking solution. It is different because it is developed by bounded treasurers and can be tailored to the specific needs of Canadian treasurers and CFOs. EFS innovates by application AI techniques to advance controlling and ensure optimal administration of banking risks.
EFS, a band-aid that will accept generated investments of $6 actor amid 2014 and 2022, will be launched during the Fintech Canada Forum, which will booty abode from October 29 to 31 in Montreal. It will be featured in the Deloitte Techno Zone.
Jean-Louis Lalonde, Founder and CEO of AZUR Group, added: “These new partnerships will actualize jobs and enhance our adeptness to advice Québec enterprises become high-performing organizations in today’s arduous agenda world. Cloud-based solutions crave creativity, quality, aegis and agility, and AZUR has now created the appropriate aptitude ambiance to accomplish that happen.”
“In 2017, the CVCA called Desjardins Basic the best alive VC close in Quebec,” said Luc Ménard, Chief Operating Officer of Desjardins Capital, “and we’ve been application our accident basic to abutment avant-garde Quebec companies like Azur Group as they accomplish their mark both domestically and abroad. With its customizable EFS band-aid for businesses, our new accomplice is proving its charge to developing value-added solutions for treasury management, a claiming that is all too frequently underestimated by baby and medium-sized businesses.
“AZUR Group has world-renowned ability in architecture and deployment of software on billow platforms. Thanks to its avant-garde solutions, its barter – including abundant Québec companies – are able to accomplish the appropriate moves and be added productive. We’re appreciative to accord to the advance of key players in our agenda area and the conception of high-value-added jobs,” acclaimed Pierre Gabriel Côté, President and CEO of Investissement Québec.
About AZUR GroupFor added than 20 years, AZUR Group has been modernizing mission analytical systems to accord its barter different and irreplaceable aggressive advantages. The aggregation additionally creates avant-garde new Billow software and participates in agenda transformation projects. Its accomplished teams accustomed the commitment of hundreds of projects that added amount to businesses through the development of their e-business.
About Desjardins CapitalNearly 45 years strong, Desjardins Basic (previously Desjardins Venture Capital) has a mission to value, abutment and breeding the best of Quebec entrepreneurship. With assets beneath administration of C$2 billion, Desjardins Basic helps accord to the constancy of added than 460 companies, cooperatives and funds in assorted sectors from beyond Quebec. In accession to allowance to actualize and advance added than 67,000 jobs, this accessory of Desjardins Group offers business owners admission to a ample business arrangement and supports their business growth.
About Investissement QuébecInvestissement Québec’s mission is to advance the advance of advance in Québec, thereby accidental to bread-and-er development and job conception in every region. The Corporation offers businesses a abounding ambit of banking solutions, including loans, accommodation guarantees and disinterestedness investments, to abutment them at all stages of their development. It is additionally amenable for administering tax measures and prospecting for adopted investment.
About Mazars Consulting Inc.Mazars Consulting Inc. is the accumulated accounts and transactional casework close of Mazars in Canada, aggressive appear the clandestine area market. With a multisectoral access and an all-embracing arrangement of experts accustomed in 86 countries, Mazars Consulting Inc. provides acclimatized and absolute abutment to its audience in accustomed out their projects.
For added information: amuse contact: Pierre Salbaing, Director – Business development, AZUR Group, 514-281-0061, or 1-844-281-0061, ext 206, [email protected]; Richard Lacasse, Media Spokesperson, Desjardins Capital, 418-835-8444, or 1-866-835-8444, ext 5563163, [email protected]; Isabelle Fontaine, Senior Director, Public and Governmental Affairs, Investissement Québec, 514-876-9359; Faiza Kabissi, Director of Communications, Mazars, 514-845-9253, [email protected]
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