Software Company Receives $1M to Green

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<strong>Calgary, Alberta</strong><br />A Canada-based software company that helped its customers cut global CO2 emissions by more than 29,000 tons during the past 12 months &mdash; the equivalent of taking 5,000 cars off the road &mdash; is preparing to ramp up sales of its ecologically friendly software that&rsquo;s already revolutionized more than 30,000 public and private desktops worldwide, said Tim Griffin, president of Userful Corp.<br /><br />Userful is a Web service that lets users multiply and manage their desktop computers. They can multiply their hardware investment, creating up to 10 independent workstations from a single computer by attaching multiple monitors, mice and keyboards. This reduces demand for electricity and cuts hardware waste by up to 80 percent.<br /><br />Userful also enables users to manage and monitor their desktops through a central administrative Web site that generates significant savings in administration. Userful replaces expensive administrative tools, licenses and IT staff enabling nonexperts to easily manage and control their desktops from a simple Web browser. By switching to Userful, organizations typically save more than 50 percent on their desktop computing costs, said Griffin.<br /><br />In an effort to expand Userful&rsquo;s international reach and boost sales of its products, AVAC Ltd. has committed a $1 million investment from AVAC&rsquo;s capacity builder program.<br /><br />&ldquo;Userful software programs are becoming recognized as the new global standard in green computing on Linux and represent a significant growth opportunity,&rdquo; said Jacques LaPointe, senior investment manager at AVAC Ltd.<br /><br />&ldquo;Userful&rsquo;s products are unique in the marketplace and AVAC&rsquo;s investment, which will be repaid through revenues over time, will help the company take better advantage of the global opportunities their technology presents. It will also help Userful attract third-party risk capital to its user-friendly technology,&rdquo; added LaPointe.<br /><br />More specifically, AVAC&rsquo;s investment will help Userful attract new personnel and build channel sales, whereby independent partners act as an extension of Userful&rsquo;s direct sales force, said Griffin.<br /><br />&ldquo;We&rsquo;ve got a very successful product, and this money is strategically important because of what it will help us do. The investment is also a vote of confidence in Userful and our long-term approach to the company&rsquo;s development,&rdquo; added Griffin.<br /><br />AVAC helps Alberta-based companies build capacity and attract commercial investment to advance ideas and products in agribusiness, ICT, life sciences and other industrial technology sectors.<br /><br />&ldquo;The fund addresses a shortage of available funding from third-party investors for new and existing companies. It also provides mentoring, marketing and operational guidance and other support to help Alberta businesses become competitive in both local and global markets,&rdquo; explained Ross Bricker, AVAC president and CEO.<br />

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