Desjardins Capital, IQ invest in software developer AZUR

Montréal-based software modernization company AZUR Group Inc has raised an undisclosed financing led by Mazars Consulting Inc. Desjardins Capital invested in the business as part of the deal, while Investissement Québec (IQ) provided a loan. The funds raised will help accelerate AZUR's growth by supporting its development of custom cloud software, as well as its development and marketing of EFS, a smart treasury management solution. AZUR was founded in 1998 by President and CEO Jean-Louis Lalonde. Desjardins Capital is an affiliate of Canadian financial cooperative Desjardins Group.

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