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Thursday, March 30, 2017

British Columbia Discovery Fund Announces Portfolio Company Transaction -- Rx Networks Inc. to be Acquired

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VANCOUVER, BC--(Marketwired - March 30, 2017) - British Columbia Discovery Fund (VCC) Inc. (the "Fund"), a venture capital investment fund managed by Discovery Capital Management Corp. ("DCMC" or the "Manager"), is pleased to announce that Rx Networks has entered into an agreement to sell its Location.io business (the "Rx Transaction") to Beijing BDStar Navigation Co., Ltd. ("BDStar" -- www.navchina.com/en/). BDStar is a publicly traded company founded in 2000 and based in Beijing, China with US$235 million in annual revenue in 2016 and more than 2,500 employees.



March 30, 2017 at 09:03PM

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