SGF invests $7M: Abilis Solutions becomes a member of "Québec Inc."

MONTREAL, June 29 /CNW Telbec/ - The president of Abilis Solutions, Eric Le Goff, is pleased to announce an investment by the Société Générale de Financement du Québec (SGF) in the Company. This investment of $7 million will significantly contribute to the acquisition plan being pursued by Abilis.

"This signal of confidence from SGF is an endorsement of the strength and soundness of our present business model. Having a major Canadian institutional investor will increase our visibility and standing in the marketplace," said Eric Le Goff.

It is mainly through its turnkey approach that Abilis has distinguished itself from other companies in the delivery of IT projects.

"To be able to deliver fixed-price projects, we had to rethink how large IT projects are typically managed and delivered," said Eric Le Goff. "We developed our own, unique, proprietary project management method. Our approach ensures that we deliver high-value solutions that meet the expectations of our customers, on budget and on time. It is the secret to our main competitive advantage," added Le Goff.

This innovative approach, stretching back more than 10 years, is continuing to reap rewards. In a highly competitive market, where outsourcing projects to India or China is the norm, Abilis fulfills the majority of its contracts from its Montreal Innovation Centre, keeping high-value IT jobs here in Montreal. Over 75% of Abilis' clients are located outside Québec, and most are within the United States.

The new investment from SGF confirms that Abilis is within a select group of emerging companies. In the May 2010 edition of the Journal Les Affaires, Abilis was rated amongst the top five SMEs experiencing the strongest growth through 2009, according to its list of the top 300 SME's in Québec.

"If Abilis was formerly the best kept secret in Montreal, this investment by SGF in our business will certainly see us emerge from the shadows, and this will be for the benefit of our employees, our current and future customers and also our new shareholder", concluded Alain Elbaz, co-president of Abilis Solutions.

About Abilis

Founded by Eric Le Goff and Alain Elbaz in 1996 under the name CMTek, Abilis specializes in the development of distributed systems, secure transactional solutions and in the integration of different technologies. It designs, manufactures and implements turnkey software solutions and delivers specialist integrated information systems. Its headquarters is located in Montreal and the company now employs over 160 people, the majority working from within its Montreal Innovation Centre. Abilis also has offices in Neuilly-sur-Seine (France), Albany (New York State) and Portland (Maine).

SOURCE Abilis Solutions

For further information: For further information: Virginia Biel, Abilis Solutions, 514 844 4888 Ext.316, vbiel@abilis.ca; Gabrielle Ghillany, Abilis Solutions, 514 844 4888 Ext.320, gghillany@abilis.ca; www.abilis.ca; Source: Abilis Solutions

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