January 18, 2016
The latest round includes investments from Trellis Capital Corporation, current shareholders, and new investors. Capital Canada Limited acted as the financial advisor with respect to the financing.
Mississauga, Ontario – January 18, 2016 – iS5 Communications Inc. (“iS5Com”) today announced that it has closed a new round of financing led by Trellis Capital Corporation (“Trellis Capital”) and existing shareholders. The funds from this financing will be utilized to further bolster iS5Com’s research and development and next-generation switching technologies focusing on secure communications.
“The Industrial Security of Things, or iSOT™ as we like to call it, for critical infrastructure and communication networks are a major concern of our customers” noted, Clive Dias, President and CEO of iS5Com. “This funding will allow iS5Com to expedite the development of new security-focused communication products aimed at the utilities and other critical infrastructure sectors.” “iS5Com will continue to build upon its extensive customer base and expertise in the utility and substation industry to bring leading solutions to market.”
iS5 Communications has seen its customer base increase to well over 100, and revenues more than doubled over the past two years. iS5Com also hit a major growth milestone, with the shipment of its High-availability Seamless Redundancy and Parallel Redundancy Protocol (HSR/PRP) switch and module to more than 20 OEM integration partners.
“The HSR/PRP module was introduced at DistribuTECH in 2015 and we have seen unprecedented market acceptance of this technology” noted Mr. Dias.
“An unrelenting customer focus and the ability to offer comprehensive end-to-end hardened communications solutions attracted us to iS5Com” says Dominic Talalla, Managing Partner at Trellis Capital.
“We are enthusiastic about the new cybersecurity products iS5Com will be introducing to its customers.”
About iS5 Communications Inc.
iS5Com is a global provider of integrated services and solutions, and manufacturer of intelligent Industrial Ethernet products. Our products are designed to meet the stringent demand requirements of utility sub-stations, roadside transportation, rail, and industrial applications. iS5Com’s services and products are key enablers of advanced technology implementation such as the Smart Grid, Intelligent Transportation Systems, Intelligent Oil Field, and Internet of Things. All products have the ability to transmit data efficiently without the loss of any packets under harsh environments and EMI conditions. iS5Com is headquartered in Mississauga, Ontario, Canada. For more information on iS5Com, please visit www.is5com.com.
About Trellis Capital Corporation
Trellis Capital is a private venture capital fund that invests in small to mid-sized Canadian companies in select technology-based sectors. Trellis Capital’s investment activities focus on technology companies with highly scalable and capital efficient business models that have the potential to be disruptive in their respective markets. Trellis Capital provides capital, expertise, and a network of contacts to the companies it invests in, as well as assists in their expansion into emerging markets if the opportunity exists.