Amadeus Financing
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Amadeus International, a vendor of compliance process control software has completed its latest round of financing. A private placement financing at a minimum of $1 000 000 and a maximum of 1 400 000 $ in Canadian dollars, $1 000 000 was subscribed on February 9, 2006 and confirmed credit facilities of more than 750 000 $ with Desjardins Business Centres. The investors having taken share in the first part of the private placement of $1 000 000 are Societe Innovatech Quebec and Chaudiere-Appalaches, Sipar inc. and FIER - Cap Diamant, Sponsorship Company. """This investment represents, for Amadeus, a solid vote of confidence in our vision, our strategic orientation and our direction. Since our last financing in December 2004, Amadeus has achieved major milestone toward perfecting our service offerings and consolidating our industry positioning. We have launched our new eQCM(R) Web solution, listed the Company on the stock exchange, made a strategic acquisition, M3K Solutions, and expended our network of resellers and strategic partners. "" mentioned Yves Leblanc, President and CEO of Amadeus International. " "The company's flagship product is the eQCM suite of software, a flexible, web-based integrated suite of applications that allow organizations to map regulated business processes such as CAPA, non- conformances, customer complaints, EH&S, corporate governance, and other related quality and business processes. "Quebec-based Amadeus also offers Sarbanes-Oxley and Basel II consultancy services.
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