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New Partner Joins Celtic House Venture Partners



ierre-Andr will lead the firm's investment activities in the Ottawa-Montreal region.


Ottawa, ON July 3, 2008 -- Celtic House Venture Partners is pleased to announce the appointment of Pierre-Andr Meunier as Partner effective July 2, 2008. Pierre-Andr will lead the firm's investment activities in the Ottawa-Montreal region. Pierre-Andr's operational and investment experience is complementary to that of the existing Celtic House team.



Pierre-Andr said: "I'm excited to be joining the Celtic House partnership. I believe that companies in Celtic House's target regions have tremendous innovation and business potential. With its expertise, global reach, and extensive network, Celtic House offers the right platform to build world class enterprises and leaders in their respective markets."



Pierre-Andr's background supports Celtic House's objective of expanding its investment activities in the Software and Wireless sectors as well as improving its access to deal flow in the province of Qubec. During his career, Pierre-Andr has held senior operational positions including President & CEO of Codagen Technologies, a developer of automated software development tools, and Executive Vice President of ISR Technologies, a developer of reprogrammable modems for military applications and wireless OEMs. Most recently, Pierre-Andr was a Partner at GTI Capital, a Montreal-based venture capital firm focused on early stage IT investing. While at GTI Pierre-Andr led its investment in, and sat on the board of, Diablo Technologies, a Celtic House Fund III company.



Celtic House is a leading early-stage Information-Communications Technology VC fund in Canada and the United Kingdom, managing approximately $500 million in committed venture capital.The partnership works from offices in Toronto, London, and Ottawa, and invests in Systems, Semiconductor, and Software companies commercializing fundamental technology. Recent investments include Avvasi (Waterloo, Ontario), Ontology Systems (London, UK) and RedMere (Dublin, Ireland).



"We are enthusiastic about Pierre-Andr joining our team," said Brian Antonen, Partner at Celtic House, "We have had the opportunity to work with Pierre-Andr over a number of years and know that he shares our passion for company building. We expect him to draw from his entrepreneurial credibility and network as well as working with our existing portfolio to identify and develop new early-stage companies."



Contact information:



David Adderley


Partner


Phone: 613.271.2020






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