Montreal, Quebec – October 31, 2006 – DFT Microsystems Canada (‘DFT’), an early-stage company focused on delivering advanced semiconductor test solutions to the world, announced today that it has secured a US$2.0 million venture loan from MMV Financial Inc. This investment will provide DFT Microsystems with the funds to enhance its sales and marketing team and expand its product offering.
“This financing allows DFT Microsystems to aggressively pursue its growth strategy and position DFT Microsystems as the premier compact test instrument company,” said David Lisk, president and chief executive officer of DFT. “MMV’s deal team understood our unique product value and we are pleased to have them as a financial partner.”
"DFT has made significant advancements in the last twelve months, both in terms of market share and in their ability to execute their strategy,” said Jacques Perreault, SVP, MMV Financial Inc. “We at MMV were impressed by the quality of the technology, the management team and by the traction the company is having in the market."
About DFT Microsystems Canada
DFT Microsystems delivers a breakthrough in semiconductor test cost and performance via its compact test intstruments. By delivering state of the art analog and high-speed digital test capability, DFT Microsystems' technology extends the capabilities and economic life of any ATE platform. Our instruments provide solutions that dramatically reduce test cost and accelerate time-to-volume. For more information visit http://www.dftmicrosystems.ca/.
About MMV Financial:
MMV Financial is a Toronto-based specialty finance company providing creative debt solutions directly to technology and life sciences companies across North America. MMV is backed by top U.S. and Canadian private equity firms and financial institutions including CCP Equity Partners, Caisse de dépôt et placement du Québec, NewStar Financial, Inc., and Wells Fargo Company. For more information please visit http://www.mmvf.com/.
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DFT Microsystems Canada
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