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Intrinsyc Signs Corporate Development Agreement with Senoma GroupSenoma to identify strategic investment opportunities for Intrinsyc (October 17, 2011)
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/17/11 -- Intrinsyc Software International, Inc. (TSX:ICS) ("Intrinsyc" or the "Company"), a leading provider of software solutions for mobile devices, today announced that it has entered into a Corporate Development Services Agreement with Senoma Group LLC under which Senoma will advise and assist Intrinsyc to identify strategic investment and acquisition opportunities in companies complementary to Intrinsyc's current lines of business, and target potential financial partners interested in co-investing in companies with Intrinsyc.
"We are pleased to leverage Senoma Group's deep industry expertise to pursue potential strategic investment and growth opportunities for Intrinsyc aimed at complementing Intrinsyc's existing business and enhancing shareholder value," stated Philip Ladouceur, Chairman of the Board of Directors of Intrinsyc.
About Senoma Group, LLC
Senoma Group LLC, is a boutique private equity and financial advisory firm focused on late stage technology companies. Efforts are focused on scaling up businesses with established products and markets. Senoma works with senior management teams of technology companies in defining growth and technology strategies and in raising capital to fund growth.
About Intrinsyc Software International, Inc.
Intrinsyc is a product development company that brings to market next generation intelligent connected devices, from smartphones and tablets, to emerging categories of M2M (Machine-to-Machine) solutions. Intrinsyc is helping to lead the way to a networked society with 50 billion intelligent connected devices expected by 2020. Intrinsyc is publicly traded (TSX:ICS) and is headquartered in Vancouver, Canada, with operations in China, Taiwan and the United States.
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