MONTREAL, CANADA - NOVEMBER 12, 2002. BiblioMondo is pleased to announce the successful completion of its recent round of financing in which it obtained 6.5 million dollars of financing from an elite group of Quebec institutions namely, Investissement Desjardins, La Financière du Québec, a subsidiary of Invest Quebec, TechnoCap Inc., Caisse populaire Desjardins de Saint-Laurent and Conseillers en Gestion et Informatique C.G.I. Inc. Proceeds of the financing will be used to enhance our sales and marketing operations and further invest in our new product lines.
Those financing agreements build on BiblioMondo's continued success, here and abroad, in providing web-centric state-of-the-art library applications. Prestigious institutions such as Bibliothèque de Lyon in France, Buckinghamshire County Library Service in the United Kingdom, ProBiblio network of libraries in the Netherlands, Hamburg Library in Germany, Cerritos Library and AOL MapQuest Library in the USA, and Hydro-Quebec Library in Canada trust BiblioMondo's advanced library automation solutions. Most recently, BiblioMondo, in partnership with CGI Group, was chosen by La Bibliothèque nationale du Québec as its provider of an advanced integrated library information system and associated professional services.
Since its founding, BiblioMondo has built a solid reputation for itself in the library automation sector. Software applications and solutions developed by the company have been very well received by renowned libraries and library consortia all around the world. Furthermore, BiblioMondo is committed to the development of new state-of-the-art applications such as our new patron services product line ZONES, which provides libraries and users with highly attractive, personalized and easy to use on-line services. ZONES uses the latest in Internet portal technology and self-service Customer Relationship Management concepts (CRM).
BiblioMondo is a world-renowned Library Information Systems provider with operations in Canada, the United States, the United Kingdom, France, the Netherlands and Germany. Our web-centric multi platform and multilingual set of products manage operations in over 1400 Public, Corporate and Academic libraries worldwide reaching 19 million users. Many of the world's largest libraries and consortia run BiblioMondo products.