Fonds de solidarité invests $5M in Terranova Worldwide

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In: Private Equity Deals, Quebec, IT and Telecom

Fonds de solidarité FTQ has announced $5 million investment in Terranova Worldwide Corporation, a Laval, Quebec based firm specializing in information security awareness programs, including online training and Phishing simulations.

Financial terms were not disclosed. The investment is likely in the form of debt financing.

New funds will be used to support the growth of Terranova WorldWide.

Founded in 2001, Terranova is a one-stop shop for all matters pertaining to information security awareness with the largest selection of products on the market (90 courses) available in the widest range of languages (39).

“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 of Terranova Worldwide.

photo credit: Terranova Worldwide

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.

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