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Financing Solutions that Fit
Montreal, QC -- Silanis, the leading provider of solutions that automate the Business Approval Process, announced today that it has secured a US$2.5M venture loan from MM Venture Partners, a privately held venture debt fund. Over the past decade, Silanis has developed award-winning solutions that have contributed to over 1000 organizations achieving their approval automation goals.

"We believe Silanis is the world leader in automating the Business Approval Process for enterprises. The company has over 1000 customers, many of which are leaders in the government, financial, manufacturing and FDA Regulated markets, including the US Joint Chiefs of Staff, Quicken Loans, BMW Financial Services," said Ron Patterson, Partner, MM Venture Partners. "With Silanis' seasoned management team and the growing enterprise demand for streamlined business processes Silanis is poised for rapid growth"

"This loan provides an exceptional style of financing for the company and will enable us to further Silanis' growth by adding a professional client services group and enhancing our customer support," said Rich Warren, Chief Executive Officer of Silanis. "In addition, adding MM Venture Partners as an investor brings us significant experience and credibility".

About Silanis

Silanis Technology is the leading provider of solutions that automate the Business Approval Process. With over 1,000 customers across government, financial services, manufacturing, telecommunications and FDA regulated industries, Silanis has over a decade of experience in developing and delivering solutions that work the way organizations do. Silanis' flagship customers include the US Joint Chiefs of Staff, US Army Medical Command, GMAC CM, Stewart Title, and Bayer. For more information, please visit

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

For more information, please contact:
David Moszkowski ,Chief Financial Officer , Tel: 514-337-5255
398 Isabey, 2nd Floor, St-Laurent, Quebec H4T 1V3

MM Venture Partners
Ron Patterson, Partner, Tel: 416-977-9718 ext.23
95 Wellington Street West, 22nd Floor, Toronto, Ontario, M5J 2N7

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