MONTREAL, LONDON, PARIS, COLOGNE, AMSTERDAM, BOSTON (CCN) BiblioMondo(TM) - the World's eLibrary Network(TM) (www.BiblioMondo.com), is pleased to announce a $4.2 million investment from GATX/MM Venture Finance Partnership.
"The quality of BiblioMondo's team and the value proposition of their solution, uniquely positions the company to become the dominant player in the library network market", said Ron Patterson, Partner, MM Venture Partners. "BiblioMondo is well positioned to capture the market for library networks looking to move into the digital age".
BiblioMondo is the World's e-Library network. BiblioMondo develops software to manage the digital assets in the back office of enterprise and public libraries. BiblioMondo provides massively scalable networking for the worlds 712,000 multi-media libraries (audio, video, digital works) and provides access to their vast content via the Internet or corporate Intranet. With offices in 6 countries, BiblioMondo has network nodes in London, Paris, Cologne, Amsterdam, Boston and Montreal and boasts 1400 clients in 11 countries and 19 million users.
In North America, BiblioMondo's major clients include America OnLine Inc., the Supreme Court of Canada, Hydro-Quebec and the Bibliotheque Nationale du Quebec. In Europe, major customers include the Bibliotheque municipale de Lyon (France), the City of Hamburg (Germany), Hertfordshire (UK) and ProBiblio (The Netherlands) - the world's largest library network.
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 1988 in Toronto and GATX Capital. San Francisco based GATX Capital, is a unit of GATX Corporation, a specialized finance and leasing company active worldwide. For further information please visit www.mmvp.com and www.gatx.com.
About BiblioMondo other financial partners
In addition to GATX/MM Venture Finance Partnership, BiblioMondo financial partners include Investissement Desjardins and TechnoCap. Investissement Desjardins (www.Desjardins.com/id) is the venture capital arm of the Mouvement Desjardins, covering investment in growth companies and investment funds. TechnoCap (www.TechnoCap.com) is a tier one US style venture capital company that invests in and builds extreme performance technology companies.