Neuralitic Systems Raises Additional Funding from Blackberry Partners Fund - BBPF's US$3 million, combined with earlier contributions by Vertex Venture Capital, BDC Venture Capital and GO Capital Fund, L.P., brings total investment raised to US$10 million



    MONTREAL, Jan. 21 /CNW/ - Neuralitic Systems, a Montreal-based firm that
provides cutting-edge data services analytics to mobile network operators and
communication service providers, announced today that the Blackberry Partners
Fund has invested US$3 million for a stake in the firm. The latest funding
brings the total investment in Neuralitic over the last four months to more
than $10 million.
    "In the current economic climate, this additional capital will not only
confirm Neuralitic's financial credibility in the eyes of our customers but
will also allow us to establish permanent local presence in a growing number
of high-potential markets," stated Audry Larocque CEO and Co-Founder of
Neuralitic. "We are pleased to have the opportunity to benefit from the
strategic input of the Blackberry Partners Fund. BBPF will definitely bring to
Neuralitic a wealth of knowledge and insight on the mobile operators
industry."
    Marc Faucher, Partner with the BlackBerry Partners Fund, stated: "Greater
insight into real-time performance characteristics of mobile data products and
services will help operators to better market their Smartphone offerings,
resulting in direct benefits to bottom-line profitability. Neuralitic's
solution provides this capability to operators without requiring an extensive
network integration effort, overcoming a key hurdle that has hindered this
market evolution to date."
    The latest investment by the BlackBerry Partners Fund bolsters
Neuralitic's strategic and technological value and complements an already
impressive roster of investors that includes Vertex Venture Capital, BDC
Venture Capital and Go Capital Fund, L.P.

    About BlackBerry Partners Fund

    The BlackBerry Partners Fund(TM) is designed to deliver superior returns
on the compelling investment opportunity in applications, services and
supporting infrastructure for the BlackBerry and other mobile platforms. The
Fund's mandate is based on the premise that in the future smartphones will be
powerful portable computers for use at home, work, and leisure. The Fund
invests in companies developing applications that make smartphones a
compelling platform for media, commerce, enterprise, entertainment, and
lifestyle applications. The Fund is global in scope, will consider all stages
of development and is co-managed by JLA Ventures and RBC Venture Partners. For
further information visit: www.blackberrypartnersfund.com.

    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. www.neuralitic.com.




For further information:

For further information: Neuralitic Systems, Paul B. Goulet, GO Public
Relations inc., (514) 710-8290, gouletp@commgo.com

Organization Profile

NEURALITIC SYSTEMS

More on this organization

BLACKBERRY PARTNERS FUND

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890