Toronto, Ontario -- GEOCOMtms, a leading provider of software
solutions that optimize fleet scheduling, has secured a $2.1MM venture loan
from MM Venture Partners. GEOCOMtms is a leader in constraint-based fleet scheduling
optimization; their A.MAZE software solution includes fleet scheduling and routing,
territory design, tracking and wireless messenging, and digital mapping. GEOCOMtms'
growing customer list includes among others Purolator, Vascor/APL Logistics,
NAPA and Stratos Global.
"GEOCOMtms' value proposition is exceptional. Its sophisticated software
reduces the operating costs of large trucking fleets by up to ten percent, through
optimization of routes and maximum asset allocation" said Ron Patterson,
Partner, MM Venture Partners. "The company has a strong and seasoned team,
led by Bernard Tetu, a successful entrepreneur. Mr. Tetu founded and sold the
Berclain Group, a supply chain software company, to Baan in the late 90's".
"We are extremely delighted with the financing provided by MM Venture
Partners. We look forward to taking advantage of MMVP's strong network of relationships
in the US, their credibility and expertise" said Bernard Tetu, CEO &
CTO of GEOCOMtms. "This financing is strong validation for our company
and provides us with further working capital".
GEOCOMtms offers through its A.MAZE product suite, a software solution that
optimizes dynamic fleet routing, scheduling and improves logistics' operations.
A.MAZE technology allows 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 (RTFR)
through its wireless communication gateway, which allows companies to dynamically
and constantly re-schedule and re-optimize their routes according to requests'
occurring throughout the day, resulting in an increase in their fleets' efficiencies.
GEOCOMtms operates a network of offices throughout North America with facilities
in Atlanta, Boston, Montreal and Toronto. The corporate headquarters are located
in Quebec City. For further information please visit www.geocomtms.com
About MM Venture Partners
MM Venture Partners is a privately held, venture-debt fund that focuses exclusively
on private technology companies in Canada. MMVP focuses specifically on Canadian
information technology and biotechnology companies. For further information
please visit www.mmvp.com.
For more information, please contact:
Madeleine Szots, Director of Marketing
Tel: 418-650-5500 ext. 288
575, rue St-Joseph Est
Canada G1K 3B7
MM Venture Partners
Ron Patterson, Partner
Tel: 416-977-9718 ext.23
95 Wellington Street West