Momentum secures $2 mln in mezz funding from BDC Capital
Momentum Technologies, a Québec City-based information technology consulting services provider specializing in database technologies, has raised $2 million in mezzanine financing from BDC Capital. BDC invested through its growth and transition capital group. The funds raised will support the company's global growth strategy and help prepare it for a management succession facilitated through stock buybacks. A portion of the proceeds are currently being used to develop a new version of Manitou, a professional services automation solution manufactured by Momentum. Established in 2003, Momentum is led by President Michel Ganache.
20 February 2019•3 mins read
