Alpine Growth Partners invests in Datavalet Technologies

Alpine Growth Partners has invested in Datavalet Technologies Inc, a Montréal-based designer, installer and manager of customizable wireless environments. No financial terms were disclosed. With the deal, Alpine Managing Partners Toby Chang and Daniel Forest have joined the company’s management team. Founded in 1998, Datavalet reports that its services reach more than 9,000 customer locations and manage more than 120 million user sessions annually. The partnership with Alpine is intended to accelerate Datavalet’s long-term growth. Alpine makes control investments in small Canadian and U.S. businesses.

PRESS RELEASE

Datavalet Technologies Inc. announces a partnership with Alpine Growth Partners LP to accelerate and sustain growth

June 2, 2017

MONTREAL, Quebec – Datavalet Technologies Inc. (“Datavalet”), a leader in wireless network management, is pleased to announce a partnership with Alpine Growth Partners LP (“AGP”), a Canadian private investment firm. This transaction will help Datavalet accelerate and sustain its strong growth well into the future. As part of the transaction, Toby Chang and Daniel Forest, AGP’s co-founders, will immediately join Robert Soussa as part of the senior management team.

Located in Montreal, Datavalet is a leader in designing, installing and managing customizable wireless environments that scale and adapt seamlessly to changing needs, platforms and end-user expectations.

“We are very excited to be partnering with AGP. Its investment into our business will help us widen our range and extend our reach”, said Robert Soussa, Managing Partner of Business Development at Datavalet. “We welcome the additional resources and bench strength, which will allow us to not only accelerate growth, but also to increase our strategic capabilities.”

“Datavalet has cultivated strong customer and partner relationships and has become an emerging leader in its industry”, said Daniel Forest, Managing Partner at AGP, who is now acting as Managing Partner, Finance & Corporate Strategy at Datavalet. “Expect to see lots of activity in the years to come as Datavalet continues on its path as an independent leader in Wi-Fi managed services in North America.”

About Datavalet

Founded in 1998, Datavalet Technologies Inc. is a developer and service provider of intelligently managed and connected Wi-Fi networks. Its comprehensive service portfolio includes infrastructure and guest access management, as well as business intelligence and data analytics. Innovative inhouse expertise, extensive R&D capabilities, 24/7 customer support and our advanced operations facilities are at the heart of Datavalet’s solid reputation. Datavalet provides services tailored for a variety of banking and financial institutions, travel and hospitality venues, retail stores and centres, corporate environments, government and health care clients and institutions of higher learning. Its services reach more than 9,000 customer locations and manage over 120,000,000 user sessions annually. Datavalet also offers services to customers in the United States through its wholly-owned American subsidiary Datavalet Technologies Corp.

About Alpine Growth Partners

AGP invests in and grows small- to medium-sized businesses in Canada and the United States. Partnering with highly experienced managers and investors, its approach is to fuel growth through hands-on involvement in the business. AGP assembled a team of world-class entrepreneurs, operating executives and investors that share a common passion for growing small to mid-sized companies in North America and beyond. Its investor group includes many accomplished business leaders, providing the vision, expertise, discipline and experience necessary to enhance the longterm value of the companies AGP partners with.

For additional information, please visit or contact:

Datavalet Technologies Inc.

Robert Soussa
Managing Partner, Business Development
514-385-2531
rsoussa@datavalet.com
www.datavalet.com

Alpine Growth Partners LP

Daniel Forest
Managing Partner
647-557-3450
daniel@alpinegp.ca
www.alpinegp.ca

Photo courtesy of chombosan/iStock/Getty Images