GOLDEN OPPORTUNITIES ANNOUNCES NEW INNOVATION INVESTMENT IN IQMETRIX


SASKATOON, SK, Aug. 18, 2022 /CNW/ – Golden Alternatives Fund (“Golden”), is happy to announce its latest innovation funding in Chrysalis Software program Inc. (previously, iQmetrix International Ltd.). The transaction was accomplished in syndication with Westcap MBO II Funding LP (the “MBO II Fund”). Westcap Mgt. Ltd. (“Westcap”) is the fund supervisor for each Golden and the MBO II Fund.

Chrysalis, an ecosystem of networked corporations that develop Software program as a Service (SaaS) options, has been in operation for over three a long time with over 400 workers. The founders have a powerful monitor file of success with expertise infrastructure they innovated in 1991 to initially help iQmetrix Software program Improvement Corp. (“iQmetrix”) – their flagship firm.

Westcap has a profitable historical past of investing with these founders beginning in 2007, with Golden’s administration buyout of Soar.ca, and reoccurring in 2018, with Golden’s funding in Retail Innovation Labs Inc., a non-public firm doing enterprise as Cova. Cova is now the #1 hashish dispensary point-of-sale system in North America utilized by greater than 1,800 retail areas.

“We’re happy to be chosen to companion once more with this robust and skilled administration crew that has a confirmed monitor file of success within the innovation sector. They proceed to generate shareholder worth in earlier corporations and are well-positioned with vital development potential”, says Jamie Schwitzer, Chief Funding Officer at Westcap. “This funding enhances the strategic focus that Westcap has persevering with to put money into innovation as a key pillar and high-growth financial sector.”

Constructed on a tradition of excessive collaboration and innovation, all the corporations throughout the collective Chrysalis ecosystem have constructed robust manufacturers and reputations, each being disruptive in its respective business:

iQmetrix: North America’s main supplier of software program for the telecom business with options that powered $16.4 billion in gross sales final 12 months, utilized by 300,000 telecom retail professionals throughout over 1,000 purchasers.

Prepared: a dynamic Related Eating Platform for eating places, stadiums, and accommodations which facilitates contactless transactions, permitting company to order and pay at their seat, or remotely on their option to the venue.

Shiftlab: a high-growth performance-based scheduling platform designed for retailers to make the most of AI-based expertise that gives workforce scheduling designed to maximise efficiency and worker engagement whereas decreasing labour prices.

“We proceed to decide on Westcap as our monetary companion as a result of strategic worth they add as a capital companion”, says Christopher Krywulak, Founding father of Chrysalis. “With this funding, directed at two focused acquisitions with further strategic platforms, Chrysalis will probably be a worldwide expertise firm working in over 25 international locations.”

About Golden Alternatives Fund Inc.

Based over 20 years in the past, Golden is the primary and longest-standing Provincial Retail Enterprise Capital (RVC) Fund in Saskatchewan. Golden makes strategic investments in high-growth sectors of the financial system to maximise shareholder worth.

About Westcap Mgt. Ltd.

Golden and the MBO II Fund are each funds managed by Westcap, a number one personal fairness and enterprise capital fund supervisor having raised and accomplished over $1 billion in transactions so far. Westcap has an uncompromising imaginative and prescient to construct long-term worth for buyers by supporting visionary administration groups of their development and succession methods.

SOURCE Golden Alternatives Fund Inc.

For additional data: Grant Kook, President and CEO, Westcap Mgt. Ltd., Suite 601, 409 third Ave South, Saskatoon, SK, Tel: (306) 652-5557; Wanda Hunchak, Government Vice President, Westcap Mgt. Ltd., Suite 601, 409 third Ave South, Saskatoon, SK, Tel: (306) 652-5557



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