Vivonet completes $8.5 Million Financing with Maxam

Posted by Rob Lewis

Eleven-year old, Vancouver-based Vivonet announced this morning the completion of a US $8.5 million secondary and treasury financing with Vancouver-based private equity firm, Maxam Opportunities Fund LP.

Vivonet was founded in 1999 by Ryan Volberg and Kevin Falk whose vision was to harness the power of the internet to develop an advanced point-of-sale (POS), data warehousing and payment product for the restaurant industry that would provide functionality previously unavailable to the market.

Now Vivonet provides business solutions to the restaurant and retail industries, based on a Software as a Service (SaaS) model. As a result of its model, Vivonet’s products offer the utility of major enterprise level solutions at a significantly lower cost. As well, Vivonet distinguishes itself from its competitors by aggregating the transaction data created by its customers in a single database, giving the company the unique ability to offer retail sales intelligence information to its customers.

Current Vivonet investors include the BC Discovery Fund, Greenstone Venture Partners, and Roynat Capital.

Capital West Partners acted as financial advisor to Vivonet for this transaction.

Company:
Vivonet
Website:
http://www.vivonet.com
Location:
Vancouver, British Columbia, Canada

Vivonet is a Software as a Service Provider (SaaS)… that processes millions of transactions every month for customers in the hospitality and retail sectors across Canada and the United States. Growing at over 100% annually, our mission is to enable, acquire and organize the world’s retail transactions into the world’s most trusted source of retail performance information. Enable: Vivonet provides on-demand... more

Company:
Capital West Partners
Website:
http://capwest.com/
Location:
Vancouver, British Columbia, Canada

Capital West Partners is Western Canada's leading mid-market investment banker. As an independent partnership, Capital West Partners provides experienced, success-driven investment banking advice that is free of conflict of interest. more

Company:
Maxam Capital Corp.
Website:
http://www.maxamcapitalcorp.com
Location:
Vancouver, British Columbia, Canada

Maxam Capital Corp. formed the Maxam Opportunities Fund ("Maxam") to focus on structured, opportunistic and undervalued investments, primarily in publicly traded Canadian-based companies. Maxam will target investments in a variety of complex situations, including: non-core assets management led buyouts recapitalizations distressed debt bridge loans opportunistic public market investing On July 3, 2008 Maxam... more


Similar Posts


blog comments powered by Disqus

Rob Lewis

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 running Canada's leading technology media property, Rob can... more



Who's Hiring



Recent Comments

Powered by Disqus