November 5, 2013
GE Canada Aligns with McRock Capital
To Advance Canada’s Position in the Industrial Internet
Toronto, Ontario---(November 5, 2013) - McRock Capital is pleased to announce that it has formed a
strategic relationship with GE Canada to better connect machines, data and people in Canada’s Oil &
Gas and Mining sectors. Intelligent devices and intelligent decision-making represent the primary ways
in which large industrial sectors can significantly benefit from the connectivity and analytics of the digital
world. GE is calling this the Industrial Internet.
“GE is striving to drive new efficiency gains and accelerate productivity in major industries across
Canada,” said Simon Olivier, Vice President – Growth, Market Strategy and Business Development for GE
Canada. “McRock Capital is a unique venture capital firm focused exclusively on the Industrial Internet
which is a global priority for us.”
“The alignment between these two companies will assist in advancing innovations that enable Canadian
businesses to remain globally competitive,” said Dominique Bélanger, Vice President of Strategic
Investments & Initiatives at BDC Venture Capital. “McRock Capital’s co-founders have demonstrated a
strong track record of financing and building successful Canadian companies in Industrial IT. We are
delighted to be supporting them in their continued success.”
“The energy and mining sectors are key drivers of Canadian export growth, where value-add
enhancements in productivity and leading-edge industrial analysis can be a catalyst to graduate
innovative small Canadian companies into global leaders,” said Greg McElheran, Lead Investment
Manager, Investments, EDC. “Together, GE Canada and McRock Capital have the potential to develop
significant advances in these sectors, spurring Canada’s SME innovation ecosystem to the front of the
global pack.”
“Pervasive connectivity between physical assets, machines and the Internet is turning massive data into
new insight and intelligence,” said Whitney Rockley, Co-founder and Managing Director of McRock
Capital. “The alignment with GE Canada is a powerful combination to accelerate and scale some of
Canada’s most innovative companies assisting our major industrial markets.”
About GE
GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the
toughest challenges. Finding solutions in energy, health and home, transportation and finance.
Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more
information, visit the company’s website at www.ge.com.
In Canada, GE has operations across the country, including major manufacturing, sales and service
locations with 7,000 employees. www.ge.com/ca.
Follow GE Canada on Twitter at:
http://twitter.com/GE_Canada and YouTube at http://www.youtube.com/user/GECanada
About BDC Venture Capital
With more than $1 billion under management and more than 25 years of industry experience, BDC
Venture Capital is an investor of choice focusing on IT, health and energy/cleantech companies, as well
as venture funds, with high growth potential. From seed through expansion to exit, our mandate is to
help build outstanding Canadian companies, while working to create a sound financial ecosystem for
Canadian technology ventures. Find out more at www.bdc.ca/vc or on Twitter @BDC_VC.
About McRock Capital
McRock is an investment firm co-founded by venture capital veterans Scott MacDonald and Whitney
Rockley and invests exclusively in Intelligent Infrastructure companies across Canada and the US.
Intelligent Infrastructure is about the intersection of sensors & software and large industrial markets.
For more information, visit www.mcrockcapital.com. Follow McRock Capital on Twitter @McRockCapital
.
About EDC Investments