Ottawa-based Versature announced Tuesday it had raised another $675,000 in debt and bank financing, bringing the total of the last three rounds to $1 million.
The company said the money would go toward scaling subscriber growth, which was at 40 per cent last year.
“This financing will allow Versature the flexibility to grow organically or through strategic acquisitions, as opportunities present themselves,” Versature CEO Paul Emond said in a statement. “We believe this highly fragmented industry is ripe for consolidation and Versature intends to be a leader in this space.”
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