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OTTAWA, July 29, 2011 /CNW/ - Espial® Group Inc. ("Espial" or the "Company"), (TSX:ESP), a leader in the delivery of on-demand TV software and solutions, today announced that Tawfiq Arafat, a partner with JLA Ventures, has joined Espial's board of directors. Mr. Arafat replaces Pierre Donaldson, who has resigned from JLA Ventures and from the board of Espial. Both changes are effective on July 29, 2011. The Board and Management wish to welcome Mr. Arafat and to thank Mr. Donaldson for his service as a director.
About Espial ([ www.espial.com ])
Espial is a leading supplier of digital TV and IPTV software and solutions to service providers in the cable, telecommunications, hospitality and consumer electronics industries. Espial's products include middleware, video-on-demand and browser solutions help implement diverse pay-TV and Internet TV business models. Over 10 million licenses of its patented software are in use across the world. Espial is headquartered in Ottawa, Canada and has offices in the United States, Europe and Asia. For more information please call +1.613.230.4770 or visit [ www.espial.com ].
About JLA Ventures
JLA Ventures, a venture capital firm with offices in Toronto and Montreal, is a leading investor in technology companies at all stages of growth. In addition, JLA Ventures is also the co-manager of the BlackBerry Partners Fund. JLA Ventures' past and current portfolio companies include: Q9 Networks (acquired by Abry Partners), Nstein (acquired by Open Text), Triple G Systems (acquired by General Electric), Pixstream (acquired by Cisco), Basis100 (acquired by First American Corporation), Fun Technologies (acquired by Liberty Media Corporation), Servicesoft Technologies (acquired by Broadbase), Isolation Systems (acquired by Shiva), Descartes Systems Group (NASDAQ:DSGX), Bioscrypt (acquired by L-1 Identity Solutions), VFM Leonardo, Quickplay Media, HealthUnity, b5media, Paymentus, ecobee, I Love Rewards, and Netshelter. For more information please visit [ www.jlaventures.com ].