CIBC Innovation Banking provides growth capital to Altia

CIBC Innovation Banking has invested in Altia, a Colorado Springs, Colorado-based provider of graphical user interface (GIU) software development tools and services. No financial terms were disclosed. The CIBC group will also provide global banking services. Founded in 1991, Altia provides GIU solutions to automotive, medical, industrial and consumer electronics companies worldwide. It will use the funds raised to expand its global footprint. Last year, PE Hub Canada interviewed Mark McQueen, the CIBC group's president and executive managing director.