# Trigence

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/trigence

- Industry: Software
- Headquarters: Ottawa, Canada
- Website: www.appzero.com
- Total disclosed funding: $14M
- Latest round: Series B (Feb 6, 2007)
- Investors on record: 3

## About

Trigence Corp. develops advanced application migration tools to facilitate seamless transitions from legacy IT systems to modern infrastructures, primarily targeting medium to large enterprises globally.Founded in 2004, Trigence Corp. is headquartered in Ottawa, Canada. The company specializes in application migration solutions and has undergone significant growth, securing a total of USD 1.5 mn in funding across several rounds. The most recent deal occurred on January 22, 2015, with investors including Covington and FedDev Ontario. Trigence has completed a total of 9 deals, emphasizing its stability and investor interest.Trigence Corp. offers migration tools like V-Migrate and V-Maestro, which help organizations in modernizing their IT infrastructure by automating the transition from legacy applications to current operating systems. Their solutions are designed for medium to large enterprises facing challenges with outdated applications and insufficient documentation across various sectors, particularly in North America and Europe.Trigence Corp.'s revenue model relies on subscription-based services tied to its migration tools, V-Migrate and V-Maestro. The company engages in B2B transactions, with clients entering licensing agreements for access to software that supports their IT modernization projects. Additional revenue may stem from training and support services that enhance client utilization of their tools, fostering long-term client partnerships.Following the recent funding of USD 1.5 mn in January 2015, Trigence Corp. intends to enhance its migration solutions with upcoming product releases aimed at improving efficiency and functionality. The company is actively exploring expansion into new geographic markets, particularly in Asia and South America, by 2025, capitalizing on its innovative offerings to meet diverse client needs. The recent funding will be utilized to support these development and expansion initiatives, solidifying Trigence's position in the global market.

## Funding rounds

- Series B, Feb 6, 2007, $8M — VenGrowth Capital Partners, BDC Capital, GrowthWorks Capital
- Series A, Mar 1, 2004, $5.5M — BDC Capital

## Investors

- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series A, Series B
- VenGrowth Capital Partners (https://capitalatlas.ai/funds/vengrowth-capital-partners) — Series B
- GrowthWorks Capital (https://capitalatlas.ai/funds/growthworks-capital) — Series B