Winnipeg, MB, November 4, 2013 – Librestream, developers of Onsight, a suite of cloud based virtual presence tools and specialized mobile devices that allow remote field workers to collaborate in real-time with off-site experts, is proud to announce the closing of a $780,000 financing with private investors and a Toronto based fund.
“This financing will allow us to continue to pursue some substantial contracts for our Onsight platform to add to our world class list of clients. With our shift in 2012 from traditional licensed software to a cloud based SaaS model, significant new markets and opportunities have been identified. The additional capital will allow us to further explore those opportunities and complete the transformation of Librestream,” said CEO Kerry Thacher.
“We would like to thank the GreenSky team for their professional approach to early stage financing. We look forward to working with GreenSky to explore future financing, merger and acquisition and other growth opportunities,” continued Thacher.
About Librestream Inc.
Based in Winnipeg, Librestream is the developer of Onsight a suite of cloud based Virtual Presence tools and specialized mobile devices that allow remote field workers to collaborate in real-time with off-site experts to solve problems, manage projects, inspect equipment, diagnose patients, assess insurance claims, etc. Librestream has a world-class client list, including GE, Boeing, Caterpillar, P&G, Fiat, Shell, Rolls Royce and Transocean, as well as partnerships with Verizon and Cisco. See www.librestream.com
About GreenSky Capital Inc.
GreenSky Capital is a boutique corporate finance advisory firm based in Toronto, delivering customized financial solutions to small and medium sized businesses. GreenSky mandates are long-term partnerships with high growth potential companies and dedicated entrepreneurs where GreenSky supports the execution of strategic transitional events. GreenSky principals bring together a unique combination of experience in operations, investment banking and private equity. As an operator’s investment bank, GreenSky has the ability to bring extensive capital markets experience into a real-world context. GreenSky isfocused on business and relationship building as well as the ultimate transaction. For more see, www.greenskycapital.com