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Two New Investments Closed

January 16, 2012

The Ontario Capital Growth Corporation (OCGC) is pleased to advise that it has closed two new investments under the Ontario Emerging Technologies Fund (OETF).


Igloo Inc.

Igloo Inc. (“Igloo”) is a Canadian-based company headquartered in Kitchener, Ontario, that develops, markets, and sells enterprise software in the cloud. Igloo is an on-demand social networking/collaboration platform which allows corporate customers to easily build and deploy social networking communities to help organizations improve business processes, increase employee productivity and enhance stakeholder engagement inside and outside the organization. The Qualified Investor is Royal Bank of Canada.

To learn more about Igloo Inc., visit www.igloosoftware.com.

To learn more about Royal Bank of Canada, visit http://www.rbc.com.


Interactive Sports Technologies Inc.

OCGC has closed a co-investment in Interactive Sports Technologies Inc. (“IST”), alongside an Angel Investor. IST, based in Vaughan, Ontario, developed a patented, proprietary, 3D modeling and computer vision technology used in golf simulators for both the residential and the commercial/retail markets. IST’s patented 3D, automated digital modeling technology provides a video golf swing analysis system.

To learn more about Interactive Sports Technologies Inc., visit www.hdgolf.com.