Fonds de solidarité FTQ has invested $5 million in Terranova Worldwide Corp, a Laval, Québec-based provider of information security awareness programs, such as online training and Phishing simulations. Founded in 2001, Terranova offers some 90 courses on information security awareness to large and mid-sized businesses and other clients. Owned and led by President Lise Lapointe, the company will use the funds raised to support its growth strategy, which includes investing in marketing and developing new platforms.
PRESS RELEASE
Fonds de solidarité FTQ Invests $5 Million in Laval-Based Terranova Worldwide Corporation
Laval, February 19, 2018 – The Fonds de solidarité FTQ is investing $5 million to support the growth of Terranova Worldwide Corporation, a Laval firm specializing in information security awareness programs, including online training and Phishing simulations.
With the largest selection of products on the market (90 courses) available in the widest range of languages (39), Terranova is a one-stop shop for all matters pertaining to information security awareness. The company has cultivated tremendous loyalty among its clientele of predominantly large and mid-sized businesses, 90% of which return for additional services. Terranova’s expertise is recognized in the market, where it is the only Canadian company capable of competing on equal footing with its U.S. counterparts.
Quotes
“The market for cybersecurity risk awareness is growing everywhere in the world and is an up-and-coming sector with great potential. Terranova is well positioned to capitalize on this growth and is a partner of choice for the Fonds de solidarité FTQ. This sector is also very promising in terms of job creation in Québec.”
Alain Denis, Senior Vice-President, Innovation and Agrifood, Fond de solidarité FTQ
“Our ambition is to gain a significant market share in the Security Awareness market. With the financial support of the Fonds de solidarité FTQ, we will be able to accelerate our growth plan by investing heavily in marketing and developing new platforms to complete our offer.”
Lise Lapointe, President, Terranova Worldwide Corporation
About the Fonds de solidarité FTQ
The Fonds de solidarité FTQ is a capital development fund that channels the savings of Quebecers into investments. With $13.7 billion in net assets as at November 30, 2017, the Fonds has helped create and maintain over 186,440 jobs. The Fonds has more than 2,700 partner companies and over 645,000 shareholder-savers.
Information for media representatives only:
Patrick McQuilken
Senior Advisor, Media Relations and Communications
Fonds de solidarité FTQ
Phone: 514 850-4835
Mobile: 514 703-5587
Email: pmcquilken@fondsftq.com
Photo courtesy of Terranova Worldwide Corp
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