sourcevolution Receives $3 Million in Funding From Desjardins and the Caisse de depot et placement du Quebec

All the funds will be dedicated to freedomone mobile, the company that will support the marketing of the mobile platform freedomone(TM)


MONTREAL, QUEBEC--(Marketwire - Jan. 10, 2012) - sourcevolution, an information technology (IT) consulting firm, has announced that it has obtained $3 million in funding from Capital régional et coopératif Desjardins and the Caisse de dépôt et placement du Québec. sourcevolution is one of a group of 15 Quebec companies selected through a partnership between the Caisse and Desjardins, for their growth potential and their outstanding performance in their respective industries. The companies will share a total of $15.5 million.

This funding will directly contribute to the marketing of freedomone™, a mobile communication platform and flagship product of the new company freedomone mobile, created by sourcevolution. Over three years of research and development and an investment of several million dollars have been devoted to the creation of this innovative solution which will help organizations enter the era of mobility efficiently, sustainably and profitably. Funding provided by Desjardins and the Caisse de dépôt et placement du Québec will provide additional support for marketing freedomone™ in various target markets.

"The confidence and interest demonstrated through this major investment from institutions such as the Caisse and Desjardins provides us with yet another confirmation of the value our product represents in today's market," said Yves Perron, President of sourcevolution and freedomone mobile. "Mobility is one of the areas that are radically changing the world of IT today. Organizations are looking for solutions and ways to capitalize on the opportunities offered by mobility. freedomone™ will help them do so."

About freedomone mobile

Founded in 2011, freedomone mobile was created as a product division of sourcevolution, an IT company offering business intelligence, architecture and development solutions, as well as mobile solutions for large corporations. The mission of freedomone mobile is to internationally market its breakthrough solution freedomone™, a mobile communication platform enabling organizations to optimize business operations - bi-directionally, contextually and across multiple channels. To learn more about freedomone mobile, please visit www.freedomonemobile.com.

Contact Information:

Caroline Doyon
Senior Consultant
Simard Hamel Communications
514 287-9811, ext. 25
c.doyon@shc.ca

Lucie Drouin
Marketing Director
freedomone mobile
514 354-6565, ext. 215
ldrouin@freedomonemobile.com