Gatineau-based Zeligsoft has completed a $5-million Series-B financing round which it will use to expand into the military, aeropace and telecom markets. The company, which provides software development tools for the embedded computing industry, received the investment from a group led by BDC Venture Capital. The funding injection included an initial investment from Export Development Canada and Echo Capital FIERS Outaouais LLP and a follow-on investment from Fonds regional de solidarite FTQ Outaouais. As part of the deal, Zeligsoft has also added semiconductor industry veteran Simon Morris from BDC to its board of directors. "We are very pleased to have the support of such a strong investment group, and to have diversified the experience around the board table," said Zeligsoft's chairman, Dave Longbottom, in a statement. "With this investment round, we can realize the full potential of our market-leading product strategy and continue to grow the company into one of the most important vendors of software tools in the embedded software industry, meeting the needs of the largest embedded systems makers around the globe." The company said it will be using the funding to expand beyond its success in providing software tools for defence contractors and integrators building software defined radios (SDRs). It will be creating solutions for issues in the embedded systems market, such as managing software complexity, managing hardware platform change and evolution, enabling software reuse, and enabling software development in and for foreign markets. Zeligsoft's tools help developers quickly and efficiently build reusable and optimized multiprocessor software for applications such as SDRs, wireless infrastructure and handsets, telecom switches, Internet protocol routers, digital media and defence command-and-control systems.
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