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Creaform Announces Investment Partners

July 6, 2009
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LEVIS, CANADA-Creaform, developer and manufacturer of Handyscan 3D laser scanners, and specialized in 3-D technologies, has announced that Novacap and Capital régional et coopératif Desjardins (CRCD) have invested in the company.

“Creaform now has two first-rate financial partners,” says Charles Mony, president of Creaform. “Their expertise in finance and economy will be very precious to us, in particular in the realization of future expansion and acquisition projects. Plus, Novacap’s and CRCD’s financial support will help us speed up our growth and strengthen both our well-established line-ups of products, Handyscan 3D and HandyProbe, while carrying on with our R&D efforts.”

“Creaform is certainly a jewel amongst the Canadian high technology companies, and will rapidly become a world leader in its industry. Creaform is a great addition to Novacap’s technology portfolio, and we are thrilled to work with them going forward and to contribute to their success,” says Pascal Tremblay, general partner at Novacap.

“We are proud to join Novacap in supporting Creaform’s growth. Thanks to the quality and diversification of its clientele and the experience of its team of employees, Creaform is well-positioned on the growing market of 3-D scanning,” says Luc Ménard, vice-president of Desjardins Venture Capital.

This agreement was signed after Creaform has announced very positive sales results for Q1, a 35% year-over-year revenue increase.

For more information, visit www.creaform3d.com/en/default.aspx.

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