Minacom secures third private placement

Minacom Inc, Montreal, has secured US$6 million private placement for its third round of financing to further develop and market its quality of service (QoS) management automation software. Innovatech Grand Montréal and Sofinov (a subsidiary of Caisse de dépot et placement du Québec) are the co-lead investors in the financing, followed by Investissement Desjardins and Telesystem Software Ventures Limited Partnership. Minacom dev-elops its software for the telecom sector that requires management automation solutions for converging telephony and IP (internet protocol) networks. The software is considered ideal for qualifying networks of telecom service providers and their partners. Minacom has R&D centres in Montreal and Quebec and employs 80 people in Canada, UK and US.…