IP4B inc., a full service provider of hosted and cloud telecom solutions for business, received major funding from BDC Capital, a subsidiary of the Business Development Bank of Canada (BDC). This financial support will enable IP4B to increase its market share, to pursue its acquisition plans, and to continue to invest in its business telecom IP platform.
“We were impressed by BDC Capital’s flexibility. The funding we received from them will enable us to massively invest in strategic initiatives that will usher in a new phase of IP4B’s growth,” explained Steve Foisy, CEO and co-founder of IP4B.
“Steve shepherded IP4B to a level of growth few players in the industry have been able to reach,” said Benoît Mignacco, BDC Capital’s Managing Director, Growth & Transition Capital, for the Montreal area. “At BDC Capital, we like to support entrepreneurs who are leaders in their field and who think big. Steve and his team’s future plans for IP4B are sound and ambitious.”
Over the last six years, IP4B has invested $2 M on its world-class IP business telecom platform. As a result, the technology and architecture now driving the platform give IP4B an edge over the business telecom platforms of major providers in Canada and even worldwide.
“We offer our customers a truly bona fide one-stop solution. What’s more, the combination of our Telco-grade IP business platform and human customer service has enabled us to earn the trust of many major customers such as Métro, Marcil Centre de rénovation, Trévi and Cegep de Sorel-Tracy,” added Foisy.
IP4B is also planning to expand its market by setting up a certified distributor and reseller network. This type of initiative and several others will enable IP4B to meet its objective of doubling its sales within three years.
IP4B has been a business telecom leader for 25 years. A full service, one-stop provider, the firm offers a comprehensive set of state-of-the-art solutions supported by human customer service. IP4B operates its own world-class hosted and cloud IP platform through strategic partnerships with best-in-class vendors like BroadSoft, Juniper Networks and Oracle. To learn more, visit www.ip4b.ca.
About BDC Capital
With more than $2 billion under management, BDC Capital is the investment arm of BDC, serving as a strategic partner to Canada’s most innovative and high potential firms. It offers a range of equity, venture capital and flexible growth and transition capital solutions to help Canadian entrepreneurs scale their businesses into global champions. To find out more, visit bdc.ca/capital.