Yonge Street Media: $1.5 million in investment helps Toronto’s Futurestate IT develop software

WEDNESDAY, MARCH 14, 2012 Edward Keenan Futurestate IT, an Entertainment District-based company that was recently named one of the 10 Canadian Cloud Companies to Watch, has secured $1.5 million in financing from government and private investors to finance its growth. One third of the money will come from FedDev Ontario, the federal government’s regional economic development agency, through its Investing in Business Innovation initiative. The remaining investment is shared by the MaRSinnovation incubator and the angel investors of the Maple Leaf Angels investor group. Continue...

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The Star: Toronto startups: Eight to watch (even Ottawa is buying in)

Published on Tuesday February 28, 2012 Dana Flavelle  Business Reporter    At Trillium Therapeutics, nearly $1 million in government funding meant the Toronto-based biotech firm could start clinical trials on a new drug to treat a chronic bladder disease that affects millions of women. At Shiny Ads, just under $200,000 in federal funding has helped the Toronto software company hire more people and expand its business, which helps large online publishers cost-effectively place small business ads on their sites. The pair is among eight Toronto-area start-ups that received $4.5...

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Edmonton Journal: Ottawa leads $20M startup funding round


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Financial Post – FP Tech Desk: Ottawa leads $20M startup funding round

James Berkow Feb 28, 2012 Public and private funding sources joined together Tuesday to invest more than $20-million in eight Toronto startups. Gary Goodyear, Canada’s Minister of State for Science and Technology, announced the fresh capital in an early morning keynote address to the Creative Economy Summit at a downtown hotel. The Federal Economic Development Agency for Southern Ontario (FedDev), is putting up $4.85-million to help the young companies leverage an additional $15.2-million in funding from venture capital and angel investment groups. “Ideas and innovation are what the...

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Yahoo! News: Technology Collaboration between Juriba and Futurestate IT Creates New Breed of Project Management Solution for Application and OS Migration

Juriba Limited and Futurestate IT Inc. are pleased to announce their technology collaboration to incorporate comprehensive AppRx application currency and compatibility capabilities from Futurestate IT within the powerful Dashworks migration project management solution from Juriba. For many enterprises that are in the midst of Windows XP to Windows 7 migration, this partnership will allow users to extend the data collected for Dashworks, and gain critical insight into best application upgrade or remediation steps, right down to the individual end user level. To IT Managers, this means crucial...

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Wireless Business & Technology: Venture profile: Futurestate IT

Based in Toronto Futurestate IT are another example of the dynamite ventures being pioneered in this startup hub. A key objective of this showcasing innovation theme is to highlight where the Cloud has been leverage to make a new product or service possible, that then underpins this new startup, and Futurestate is an example of exactly this. Futurestate IT has created AppRx, the first and only automated Cloud-based “Application Currency Management Platform (TM)”, and that can be used to support the core functions of “evergreening” an IT estate. This includes keeping applications...

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