ERMS Corporation Raises Additional $3.5 Million from Existing Shareholders
ERMS Corporation has completed its second round of investment from existing shareholders.
According to ERMS, this $3.5 million round of funding, led by BEST Funds, signals “continued and increased confidence” in the company’s product, Advantage, an enterprise-class emergency mass notification system.
ERMS says it will apply the funding to increase brand awareness and marketshare.
“The investment from BEST Funds further strengthens an already strong relationship between our companies. And, in turn, it allows us to build stronger relationships with our customers,” stated Sylvain Rollin, president and CEO of ERMS. “In fact, 80% to 90% of our product development roadmap comes from customer input—they are our real-world experts. This funding will help drive solution enhancements that respond to their unique needs.”
“Having had the unique opportunity to work closely with ERMS over the last few years, this commitment is a reflection of the confidence BEST has in ERMS’ progress to date,” explains BEST Funds CEO, John Richardson, of their newest investment. “It is our belief that this added capital will enable ERMS to meet the ever-increasing demand for emergency response and help position them for growth in the mass notification industry.”
“ERMS exemplifies the characteristics of a leading Canadian technology company, and we look forward to continuing to work with their forward-thinking team,” he added.
