Oakville, Ontario-based ERMS Corp., a specialist in emergency mass notification systems, has completed a second round of financing totaling $3.5 million from its existing investors. The round was led by Canadian venture capital firm BEST Funds. Investment proceeds will be used to increase the company’s brand awareness and share in global markets, as well as for infrastructure growth and accelerated product development. ERMS was founded in 2002 by crisis management and business continuity professionals.
PRESS RELEASE
ERMS Corporation Closes Second Round of Funding Led By BEST Funds
ERMS Corporation raises $3.5M, in a second round of funding from Best Funds, to finance product development and expansion.
Oakville, ON (PRWEB) September 12, 2013
ERMS Corporation has completed its second round of major investment from its existing shareholders. This $3.5 million second round of funding led by BEST Funds signals continued and increased confidence in ERMS and their market-leading product, Advantage—a comprehensive enterprise-class emergency mass notification system.
ERMS will apply the funding to increase brand awareness and share in North American and Global markets. In addition, the investment capital paves the way for infrastructure growth and accelerated product development, so that ERMS can continue to provide its growing customer base with the industry’s most comprehensive and flexible crisis communications system.
“The investment from BEST Funds further strengthens an already strong relationship between our companies. And, in turn, it allows us to build stronger relationships with our customers,” stated Sylvain Rollin, President and CEO of ERMS. “In fact, 80-90% of our product development roadmap comes from customer input—they are our real-world experts. This funding will help drive solution enhancements that respond to their unique needs.”
BEST Funds is excited about what this financing means to ERMS going forward. Previous investments yielded positive results that prove ERMS to be an innovative industry-leader, while their business solutions encompass the BEST Funds’ vision of cutting-edge technologies.
“Having had the unique opportunity to work closely with ERMS over the last few years, this commitment is a reflection of the confidence BEST has in ERMS’ progress to date,” explains BEST Funds CEO, John Richardson, of their newest investment. “It is our belief that this added capital will enable ERMS to meet the ever-increasing demand for emergency response and help position them for growth in the mass notification industry. ERMS exemplifies the characteristics of a leading Canadian technology company, and we look forward to continuing to work with their forward-thinking team.”
About ERMS Corporation
ERMS Corporation is the provider of Advantage— a very secure and comprehensive enterprise-class mass emergency notification system, delivered using the Software-as-a-Service (SaaS) based model.
Advantage is made up of 7 tightly-integrated modules (Messenger, Roll Call, Crisis Manager, Mapper, HotLine, myAdvantage, and Library. Advantage provides the industry’s highest level of adaptability, most inclusive API, reliability and advanced functionality. It allows organizations to use the system the way that best suits them.
Advantage is sold as a complete solution (the opposite of add-ons) that empowers business continuity, crisis communication, and disaster recovery professionals to, quickly and reliably, prepare, execute, and report on the notification portion of their continuity plans.
ERMS was recently recognized for their contribution to Canada’s technology and public safety sectors with the 2013 Motorola Award for Public Safety Technology, presented by CATA Alliance Innovation and Leadership.
About BEST Investment Counsel Limited
BEST Funds is a leading Venture Capital firm that focuses on funding rapidly growing Canadian technology companies by providing them with the capital needed to execute their growth strategies. Primarily focused on emerging companies in the software and technology industry, BEST Funds is actively deploying capital to some of Canada’s fastest growing companies. BEST Funds was established in 1996 and is based in Toronto, Canada.
For more information, contact:
Lucy Railton, Director of Sales and Marketing, ERMS Corporation, 905.829.8216 ext. 225, lucy.railton(at)ermscorp(dot)com
Alan Chettiar, BEST Investment Counsel Limited, achettiar@bestfunds.ca
Photo courtesy of Shutterstock.
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