CM Labs Simulations Fuels Growth with Emerillon Capital and Desjardins-Innovatech VC Funding
CM Labs Simulations announces partnership with Canadian venture capital firm Emerillon Capital and Desjardins-Innovatech to accelerate its growth trajectory.
Montreal, Canada, January 31, 2015 (Newswire.com) - CM Labs Simulations announced today that it is partnering with Canadian venture capital firm Emerillon Capital and Desjardins-Innovatech to accelerate its growth trajectory.
Established in 2001, the Montreal-based simulation company is the developer of Vortex, a unique platform for creating interactive real-time simulation-based training and engineering applications. The technology is the leading platform in construction and port terminal operations training and offshore simulation.
"We welcome the opportunity to team with strong financial partners Emerillon and Desjardins-Innovatech, and access Emerillon's strong presence in Europe."
Robert Weldon, CEO, CM Labs Simulations
CM Labs Simulations was recently named to the prestigious Deloitte Technology Fast 50™ listing, ranking 30th among the fastest growing technology companies in the country. The Technology Fast 50 awards celebrate leadership, innovation, and excellence in the technology sector.
CM Labs was also named to the North America Technology Fast 500™, ranking 285th among all companies on the continent.
“We welcome the opportunity to team with strong financial partners Emerillon and Desjardins-Innovatech, and access Emerillon’s strong presence in Europe,” said CM Labs CEO Robert Weldon. “Their support and networks will allow us to focus sustainably on aggressive exposure of our solutions.”
“With Vortex, its superior high-fidelity interactive simulation platform, CM Labs is uniquely positioned to capture the growing simulation-based training solutions global market, and improve safety and efficiency in construction, port, and offshore operations,” said Ann Girard, Investment Director at Emerillon Capital.
“We are very excited to partner with the CM Labs team to continue their exceptional growth path—a tribute to their deep understanding of their markets and their capability to deliver state-of-the-art innovative training simulation technology.”
About CM Labs Simulations Inc.
CM Labs provides the Vortex software platform for mechanical dynamics simulation and operator training to clients around the world. With an impressive history in the visual-simulation industry, CM Labs produces feature-rich simulation and visualization capabilities that set the industry standard for simulation-based training of equipment operators, virtual testing, and man-in-the-loop prototyping.
CM Labs training and engineering solutions are used throughout the defense, maritime, and construction sectors to improve operator and equipment performance as well as worksite safety. All Vortex software development and engineering practices are ISO 9001:2008 certified. For more information, contact info@cm-labs.com, or visit www.cm-labs.com.
About Emerillon Capital
Empowered by Credit Mutuel CIC and Desjardins, Emerillon Capital is a venture capital fund dedicated to investing and supporting companies with strong technological expertise that are positioned in sectors with strong growth potential. It aims to accelerate commercial start-up and support their expansion. Emerillon Capital invests primarily in Quebec as well as in Ontario. By leveraging the network of CM-CIC Capital Finance, its lead sponsor, Emerillon Capital offers entrepreneurs a gateway to support their development projects in Europe. For more information, visit www.emerilloncapital.com.
About Desjardins-Innovatech
Desjardins–Innovatech provides capital, business networks, and expertise to assist companies and cooperatives in their growth, expansion, mergers, acquisitions, or IPO.
Contact CM Labs Simulations
info@cm-labs.com
Tel: +1 514-287-1166
Contact Emerillon Capital
Claude Kellenny
Claude.kellenny@emerilloncapital.com
Tel : +1 514-281-2282
