Neuralitic Systems raises $7 million with Vertex Venture Capital, BDC Venture Capital and Go Capital Fund



    MONTREAL, Sept. 22 /CNW Telbec/ - Neuralitic Systems, the Montreal-based
firm that provides ground-breaking data services analytics to network
operators and communication service providers, announced today it has secured
its expansion plans, an initiative bolstered by major investments of
$7 million led by Vertex Venture Capital with the participation of the
existing investors, BDC Venture Capital and GO Capital L.P.
    "Relying on strategic investors such as Vertex and BDC was instrumental
in accelerating the global distribution of our Marketing Optimization
Solution, especially with market indicators showing that Neuralitic can
clearly establish SevenFlow as a focal point in the rapidly growing analytics
market ," stated Audry Larocque, CEO of Neuralitic Systems Inc. "This latest
influx of capital, coupled with conclusive trials on three continents thus
far, further exemplifies our ability to play an active role in fulfilling the
expectations of mobile service operators seeking proven and robust solutions
to meet their business objectives."
    Robert Genieser, Managing Partner, Vertex Venture Capital, said "There is
a tremendous need for carriers to better understand their customers' usage of
wireless data services. Neuralitic's solution provides real time feedback on
what the subscriber wants, allowing the carrier to tailor specific services to
meet the subscriber's needs. This is a very powerful platform that will be
used to increase customer satisfaction, reduce churn and allow carriers to
deploy new revenue generating services, as they can now easily measure
results."
    Réjean Asselin, Director, BDC Venture Capital said the decision to
further invest in Neuralitic Systems is a testament to the great strides the
company has made as it continues to evolve. "This support is based not only on
our enthusiasm about SevenFlow, but also the strong entrepreneurial attributes
and proven track record of Neuralitic's management team," he stated. "There is
definitely a solid foundation on which to build and grow."

    About Neuralitic Systems

    Neuralitic Systems is a venture-backed provider of a data services
marketing optimization platform, enabling operators and communication service
providers to manage and enhance their data services initiatives. Neuralitic's
SevenFlow Analytics software suite enables its customers to capture, store and
analyze information generated by IP Services to gain critical business
insights into the performance and efficiency of business processes. In
addition, Neuralitic offers a range of professional services that complement
its product, including implementation, best practices, consulting, customer
support and user training. http://www.neuralitic.com

    About Vertex Venture Capital

    Vertex Venture Capital is a top-tier Israeli VC with $600 million under
management, a strong international investor base, experienced
multi-disciplinary team of professionals and an impressive track record of
exits through M&A and IPO. Vertex provides unparalleled possibilities for
companies in facilitating potential growth, business opportunities and
leveraging synergies throughout Israel, Europe, North America and Asia
Pacific. Vertex invests in high technology companies in early stages of
development in the areas of information networking and communications systems,
software and components, digital media and enterprise software. For additional
information on Vertex Venture Capital, please visit http://www.vertexvc.com.

    About BDC Venture Capital

    BDC Venture Capital is a major venture capital investor in Canada, active
at every stage of a company's development cycle, from seed through expansion.
Its focus is on technology-based businesses with high growth potential that
are positioned to become dominant players in their markets. Established in
1975, BDC Venture Capital has invested in over 400 firms to date. It currently
manages some $500 million in venture capital investments in the life sciences,
telecommunications, information technology, and advanced technology sectors,
as well as investments in funds. Visit http://www.bdc.ca/ for more
information.

    About GO Capital L.P.

    GO Capital L.P. is a $50 million venture capital fund that invests in
Quebec seed-stage technology firms in the fields of advanced technologies,
information and telecommunications technologies, and life sciences. Go Capital
L.P. is managed by its General Partner, the Business Development Bank of
Canada (BDC).




For further information:

For further information: Neuralitic Systems: Paul B. Goulet, GO Public
Relations inc., (514) 710-8290, gouletp@commgo.com; Vertex Venture Capital:
Sharon Lewis, +972 3 737 8883, sharon@vertexvc.com; Business Development Bank
of Canada (BDC): Johanne Bissonnette, Media Relations Manager, (514) 283-7929,
Johanne.bissonnette@bdc.ca

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NEURALITIC SYSTEMS

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