Sutus Adds Equity, Debt & CEO

Sutus Inc., a Vancouver-based maker of an integrated communications device for office management, has raised C$2 million in new VC funding from BDC Venture Capital and a fund managed by Growthworks Capital. The company has also secured C$2.5 million in venture debt from MMV Financial and named Mike Donnell as its new CEO. Donnell previously ran New Global Telecom.