BDC and NBIMC honoured for investment in Q1 Labs

The BDC Venture Capital and co-investor New Brunswick Investment Management Corp (NBIMC) have won the 2012 Deal of the Year Award for their investment in Q1 Labs Inc, a provider of security intelligence software founded in New Brunswick and acquired by IBM in 2011. The award was presented by the Canadian Venture Capital and Private Equity Association. BDC initially invested in Q1 Labs in 2003 and was the largest Canadian investor at exit, generating one of the highest ever returns for the BDC VC group. Q1 Labs was founded by employees of the Univ of New Brunswick. The firm moved its headquarters to Waltham MA before the IBM acquisition but its R&D centre remains in Fredericton....