Ambercore Software Completes Venture Capital Financing Round
Ottawa, Canada, March 30, 2007 – Ambercore Software Inc., a leading global provider of high performance spatial software and services for Energy and Mining industries, has today announced the completion of a venture capital financing round in the corporation by the Quorum Group of Companies (“Quorum”).
The investment will facilitate the expansion of Ambercore within the oil and gas market. The funds will primarily be used on North American and Eastern European sales and marketing initiatives designed to gain a foothold in the industries.
“Ambercore is positioned to expand within the growing oil and gas market,” said Martin Sendyk, President and CEO of Ambercore. “Quorum has a global presence in this market and we are very excited about the range of potential partners and customers our Quorum relationship can produce.”
Ambercore will see the addition of Richard Dole, Senior Partner at Quorum, and Mickey Abougoush of Teknica Overseas Ltd., to its board of directors.
About Ambercore
Ambercore Software is expanding the geo-information systems market with intelligent spatial analysis products and applications. Ambercore provides enterprise-scale software knowledge solutions for Energy and Mining sectors. The Company has a proven reputation for deploying powerful decision support systems, capable of delivering sophisticated business intelligence into the hands of international tier-one clients. Ambercore is headquartered in Ottawa, Canada with offices in Europe.
Ambercore is a trademark of AmberCore Software Inc.
Press Information:
Ted Reeler, Ambercore Software
Tel.: 613-216-0082, extension 114
E-mail (press only): press@ambercore.com
General Information: contact.us@ambercore.com
Please visit our website at www.ambercore.com
