Organization: Canadian Science and Technology Growth Fund

Growth Works proposes merger with CAVI & CSTGF

Growth Works Canadian Fund has made a proposal to merge with Capital Alliance Venture Inc (CAVI), Canadian Science and Technology Growth Fund (CSTGF) and Growth Works Opportunity Fund Ltd. If accepted by their respective boards, the funds would comprise one of the largest LSVC funds in Canada, third only to Fonds de solidarité and VenGrowth…

Symagery sells to Psion Teklogix for $4.5 million

Ottawa’s Symagery Microsystems Inc has been purchased by Psion Teklogix, Mississauga, for $4.5 million after receiving at least $30 million in venture capital financing and bridge loans. Symagery was formed in 2001as a spinoff of Orisar Inc (formerly Semiconductor Insights Inc) to develop mobile computing and wireless data applications for original equipment manufacturers serving the…