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Financing Solutions that Fit
Toronto, Canada -- The GATX/MM Venture Finance Partnership today announced the completion of a US$2.0 million venture debt financing with AlterSys Inc., a global leader in Open Control Automation Software. AlterSys, which pioneered the industry's first PC-based distributed control system, will use the funds to ramp up its sales and marketing.

AlterSys's cutting-edge solutions address the needs of all automation applications, including factories, industrial equipment, power plants and building management systems. The solutions' open standards create a unified development environment that seamlessly integrates all of the application's processes, while their web-enabled technology allows this information to be shared with a company's ERP systems.

"Open Control Automation Software is the next evolution in control software, and is set to expand rapidly," said Minhas Mohamed, Managing Partner of MM Venture Partners. "AlterSys has established themselves as the clear leader in the field with a blue chip client base. They are uniquely positioned to capitalize on this fast growing opportunity."

"We are excited to have the GATX/MM Venture Finance Partnership, a leading technology investor, fund and support our growth," said Julien Chouinard, founder and CEO of AlterSys. "This funding allows AlterSys to aggressively pursue relationships and capitalize on the increasing demand for Open Control Automation Software."

About AlterSys Inc.
AlterSys is a world-leader in PC-based distributed control systems. The Company provides reliable, cost-effective software tools for developing high-performance, connective PC-based automation systems. Today, their ISaGRAF automation and process control solutions are used worldwide for applications ranging from nuclear and conventional power to metal smelting, high-speed trains, and food processing. AlterSys is headquartered in Montreal, Canada. For further information please visit

About GATX/MM Venture Finance Partnership
The GATX/MM Venture Finance Partnership is a privately held, venture-debt fund that focuses exclusively on private technology companies in Canada. The Partnership focuses specifically on Canadian information technology and biotechnology companies. The partnership comprises MM Venture Partners, founded in 1998 in Toronto and GATX Venture Finance. San Francisco based GATX Venture Finance is a unit of GATX Financial Corporation, a wholly owned subsidiary of GATX Corporation (NYSE: GMT). For further information please visit and

For Further Information Contact:

AlterSys Inc.
Francine Gauthier, Vice President Finance
Tel: 450-674-7774, ext. 232

MM Venture Partners
Amit De, Vice-President

MMV :: 370 King Street West, Suite 442 Toronto ON M5V 1J9 Canada