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Press release

Lavaltrie, Quebec, November 14, 2011

Devolutions: Double Winner at Devtech 50

Devolutions received two major awards last Thursday at Devtech 50, one of the most prestigious digital technology competitions in Quebec.

""Receiving these awards makes us very proud of course, and especially, very enthusiastic about the future.""

Devolutions, a software development firm located in Lavaltrie, received two major awards last Thursday at Devtech 50, one of the most prestigious digital technology competitions in Quebec.

The event was doubly rewarding for the company. Devolutions not only received the third overall prize, valued at $15,000 and presented by Deloitte, but it was also awarded the Prize for Best Business Model, valued at $5,000 and presented by Teralys Capital. Both prizes are made up of equal parts cash and services from the donor company.

""Receiving these awards makes us very proud of course, and especially, very enthusiastic about the future,"" says Devolutions CEO David Hervieux. ""Preparing our submission to the contest already gave us incredible energy, and it pushed us to make our action plan even clearer. And now, these awards give us access to such high-quality resources that I still have trouble imagining just how far we could go!""

For more information or media inquiries, contact Mélissa Gagnon at (514) 360-3686 or news@devolutions.net.

About Devolutions Devolutions, the only company from the Lanaudière region to be among the finalists, offers network management and administration software addressing various issues that have emerged in information technology (IT) services. Over 100,000 users in some 60 countries and in all industries use Devolutions’ services. Its products face competition from large firms on the international market, including Microsoft, but Devolutions stands out particularly because it is the only company offering an online platform.

About Devtech 50 The Devtech 50 competition is organized by the economic development agency Quebec International. It is open to any start-up company offering high-tech products or services and with a net worth of less than $250,000 at time of submission.