QUEBEC CITY -- GEOCOMtms, a provider of software designed for fleet routing,
scheduling, and logistics operations, said it has raised CAD 2.1 million ($1.5
million) in debt financing.
MM Venture Partners provided the financing that will be used for working capital.
GEOCOMtms has raised approximately CAD 6 million to date. It is backed by Innovotech
Quebec, Investissement Quebec, and National Bank.
The GEOCOMtms management team is led by Bernard Tetu, chief executive officer
and chief technology officer. Other executives at the company include Helene
Macaluso, vice president of finances and human resources.
GEOCOMtms' A.MAZE product suite enables users to model routing and scheduling
constraints, to simulate events to create sequences and schedules, and to optimize
the fleet's distribution activities. In addition, it provides real-time feedback
and response through its wireless communication gateway, which enables companies
to re-schedule their routes according to requests occurring throughout the day.
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