BC Advantage Funds announced today the recent closing of a $1.5 Million investment in In Motion Technology Inc.
In Motion is a leader in mobile networking technologies that connect and manage equipment, information and people in the field. In Motion's patented mobile gateway performs seamless sensing, selection and switching to enable mobile applications to operate effectively across multiple wireless networks.
Advantage invested $1.5 Million from its Advantage Growth Fund as part of a $5 Million financing. As part of today's announcement, In Motion announced that Leonard Hordyk, formerly Chief Executive Officer of TIR Systems has joined In Motion as its Chief Executive Officer. TIR Systems was acquired by Philips Electronics in a $75 Million cash transaction in 2007.
Advantage is a venture capital corporation that invests in early-stage life science, technology and clean tech companies located in British... [more]
In Motion Technology is the market leader in mobile Vehicle Area Networks (VANs) that enable in motion, mission-critical workforces to seamlessly,... [more]
Rob Lewis
Rob is the President of Techvibes Media Inc. and Editor-in-Chief of Techvibes.com.
His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University.
When not blogging on...[more]
