9 October 2012

Anges Québec invests $ 655,000 in a Sherbrooke company, AxesNetwork, which provides electronic transaction solutions for businesses.

This funding, obtained from a group of 17 investors, helps support the company’s international growth, while its smart card payment systems are experiencing exponential growth.

The solutions developed by AxesNetwork have the advantage of eliminating the manipulation of currency at transaction sites and making operations safer. Their uniqueness lies in the fact that they are available through the popular model of cloud computing, says Philippe Bergeron, the Angel who headed the investment project at Anges Québec.

Roger Noël, responsible for the Estrie Region at Anges Québec, adds: “For our members, there’s no question that AxesNetwork is already a well-established company which has been able to innovate and grow by diversifying its offer to reach different markets. Our investors enthusiastically support this new stage of their growth.”

Source: Anges Québec