ViXS successfully closes the largest going-public TSX technology financing since 2011

GMP Securities recently announced that ViXS Systems Inc. (“ViXS”) has successfully closed a $57.4 million going-public financing.

GMP Securities was the co-lead manager and joint bookrunner for this transaction. ViXS is a world leading designer of semiconductor chips for high growth segments of the multimedia industry. This is a landmark offering in the Canadian capital markets as ViXS becomes the only publicly traded semiconductor company on theTSX and the first to go public in over a decade. ViXS is expected to commence trading on the TSX early this summer under the symbol “VXS”.

“We are pleased to have raised over $57 million in these challenging market conditions as it is a strong endorsement of our innovative technology, solid business plan, and talented employees,” said Sally J. Daub, President and Chief Executive Officer, ViXS.

Ms. Daub has served as President and Chief Executive Officer since co-founding ViXS in 2001. Under her leadership ViXS has grown from a small semiconductor start-up to the leading provider of technologies at the heart of today’s video revolution by designing and developing smart network multimedia processors that enable anywhere, anytime entertainment. She has consistently been recognized for her entrepreneurial and business expertise and talent, garnering numerous awards, including: Women’s Executive Network: Canada’s Most Powerful Women: Top 100; RBC Women of Influence, Trailblazer Category; and PROFIT Magazine.s Top 100 Women Entrepreneur. An industry advocate, Ms. Daub plays an active role as as an ITAC (Information Technology Association of Canada) board member. ViXS has also received numerous internationalawards from publications and industry associations in recognition of our world-class technology, products, solutions and applications.

Congratulations to Sally and her team at ViXS Systems Inc.!