TORONTO, ONTARIO–(Marketwired – January 9, 2014) – Difference Capital Financial Inc. (“DCF”) (TSX:DCF) (TSX:DCF.DB) is pleased to announce a $3 million investment in Bluedrop Performance Learning Inc. (“Bluedrop”), a leading provider of workplace training solutions for defense, aerospace, healthcare, energy and public sector clients.
“We are very pleased to have supported and advised Bluedrop on its recently completed acquisition of Atlantis Systems,” said Paul Sparkes, Executive Vice-Chairman at Difference Capital. “We believe that this combination of two leading Canadian suppliers of military and aerospace computer-based training products will create an even stronger organization that is poised to take advantage of the robust outlook for the e-training industry.”
Bluedrop has grown into a leading integrated training solutions provider with more than 100 employees in offices across Canada. The company has set industry standards for custom courseware and cost-effective simulation while innovating how people use social sharing and community building to increase both formal and informal learning online. Atlantis brings a very complementary customer base, an excellent resume of experience and a very capable delivery team. Atlantis was founded in the 1970’s and has built and delivered a suite of maintenance trainers and flight training devices for various military aircraft including the CF-18 fighter and Black Hawk and Sea Hawk helicopters, and for civilian aircraft, including the Boeing 747 and 767, as well as the Airbus A320.
“We are very excited to have Difference Capital finance our acquisition of Atlantis Systems,” said Emad Rizkalla, Chief Executive Officer of Bluedrop. “Difference Capital’s expertise in the technology sector and calibre of professionals will be instrumental in helping Bluedrop realize its synergy potential with the Atlantis acquisition. This is a transformative transaction for Bluedrop’s defence business and its shareholders and firmly establishes Bluedrop as one of Canada’s leading defence training and simulation companies.”
About Difference Capital Financial Inc.
Difference Capital Financial Inc. is a publicly-listed, Toronto-based specialty finance company focused on creating shareholder value through strategic investments in, and advisory services for, growth companies, particularly in the technology, media and healthcare sectors, as well as through opportunistic investments in undervalued financial assets and real property.
Bluedrop Performance Learning Inc. (TSX-V: BPL) is an innovator in workplace training for individuals, corporations, defence and aerospace, and governmental clients. Launched in 2004, the company has six offices and over 120 employees. Bluedrop is transforming the workplace globally by designing, developing and delivering some of the most effective and scalable skills development programs. Bluedrop was recently recognized as one of the Top 3 eLearning companies in Canada by Backbone Magazine in their “Best of Everything in Canadian Tech” issue. For more information visit http://www.bluedrop.com.
Difference Capital Financial Inc.
Chief Executive Officer
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