Difference Capital Funding announces investment in Gotham Analytics

Difference Capital Funding announces investment in Gotham Analytics

Canada NewsWire

TORONTO, Aug. 13, 2012 /CNW/ – Difference Capital Funding Inc. (“DCF”)
(TSXV: DCF) is pleased to announce its investment in Gotham Analytics
LLC, a technology company specializing in the delivery of systems and
solutions that leverages satellite communications for mission critical
remote monitoring applications.

Difference Capital Funding has acquired 48% of Gotham Analytics in the
form of equity.

“Gotham Analytics has attractive IP, Canadian and US enterprise clients,
and significant support for its products from federal regulatory
agencies in the United Sates,” said Michael Wekerle, CEO of Difference
Capital Funding. “We are excited to add this unique business to our
growing stable of investments.”

Gotham technology runs on renewable energy sources and achieves
communication paths independent of traditional cellular and landline
methods. Users of the system can control, monitor, and communicate on
demand, globally. The technology is suitable to a wide-range of
industries and markets that use sensors as well as those that wish to
adopt sensor technology.

“The partnership and investment from Difference Capital Funding comes at
a critical juncture for Gotham and will enable us to accelerate
customer acquisition and product development efforts,” said Yogi
Sookhu, CEO of Gotham Analytics. “We are fortunate to have access to
the wealth of knowledge and expertise that DCF brings to the table.”

Gotham is currently working closely with the state of New Jersey to
deploy the FrontLine AQUA system as an advance early warning flood
systems. In addition Gotham collaborated with the City University of
New York
and the New Jersey Meadowlands Environmental Research
Institute to develop an advance ocean surge modeling system.

About Difference Capital Funding Inc.

Difference Capital Funding Inc. is a public-listed, Toronto-based
merchant bank primarily focused on growth-oriented investments.

About Gotham Analytics LLC

Gotham Analytics develops new ways to collect and analyze data in
real-time from remote locations utilizing sensor networks and
presenting the information in an up-to-date, user-friendly format to
management officials and first responders.

SOURCE Difference Capital Funding Inc.

Be the first to comment

Leave a Reply