Integrated Asset Management Corp. and Integrated Partners Announce Realization of Equity Investment in Girit Projects.TORONTO -- Integrated Asset Management Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:IAM IAM - Interactive Algebraic Manipulation. Interactive symbolic mathematics for PDP-10. ["IAM, A System for Interactive Algebraic Manipulation", C. Christensen et al, Proc Second Symp Symb Alg Manip, ACM Mar 1971]. ) announced today that a private equity fund managed by Integrated Partners has realized its investment in Girit Projects Inc. ("Girit") Girit provides security systems using digital audio-visual signals transmitted over wireless and physical IP networks, enabling digital AV and data to be captured from a variety of sources, such as fixed or mobile cameras, microphones, infra-red sensors, access controls and alarms and delivered to local or remote locations where it can be managed and monitored. High profile projects include Terminal 1 at Toronto's International Airport, Ottawa's MacDonald-Cartier Airport and Zurich International Airport. Integrated Partners invested $ 6 million in Girit in February, 2004 and began to assist with its transformation into an international systems provider. In May, 2005 Girit merged with a similar company in Israel. The new firm, called Visual Defence Inc. (AIM:VCI) , is headquartered in Toronto. Visual Defence Inc. has 71 staff and offices in Toronto, Ottawa, Montreal, Atlanta, Phoenix, Buffalo, London and Ra'anana, Israel. Following the merger, Visual Defence Inc. went public through an IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. on the AIM exchange in London which valued the company at GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 45 million. Through a secondary offering concurrent with the IPO, Integrated Partners sold its interest for $ 10.6 million, earning an IRR IRR In currencies, this is the abbreviation for the Iranian Rial. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. of 57 %. Integrated Partners is a manager of private equity funds on behalf of institutional investors and has one of the most experienced private equity teams in Canada, with broad expertise across many sectors and transaction types. Toronto-based Integrated Asset Management Corp. is Canada's leading alternative asset manager with approximately $2.7 billion in commitments and assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. in private equity, private debt, real estate, managed futures and hedge funds. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release Integrated Asset Management (TSX VENTURE:IAM) |
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