Data services analytics firm Neuralitic Systems, in Montreal announced that the Blackberry Partners Fund
has invested $3 million for a stake in the firm. The latest funding
brings the total investment in Neuralitic over the last four months to
more than $10 million.
"In the current economic climate, this additional capital will not
only confirm Neuralitic's financial credibility in the eyes of our
customers but will also allow us to establish permanent local presence
in a growing number of high-potential markets," stated Audry Larocque
CEO and Co-Founder of Neuralitic. "We are pleased to have the
opportunity to benefit from the strategic input of the Blackberry
Partners Fund. BBPF will definitely bring to Neuralitic a wealth of
knowledge and insight on the mobile operators industry."
Marc Faucher, Partner with the BlackBerry Partners Fund, stated:
"Greater insight into real-time performance characteristics of mobile
data products and services will help operators to better market their
Smartphone offerings, resulting in direct benefits to bottom-line
profitability. Neuralitic's solution provides this capability to
operators without requiring an extensive network integration effort,
overcoming a key hurdle that has hindered this market evolution to
date."
The latest investment by the BlackBerry Partners Fund bolsters
Neuralitic's strategic and technological value and complements an
already impressive roster of investors that includes Vertex Venture
Capital, BDC Venture Capital and Go Capital Fund, L.P.