Toronto, ON – October 26, 2011 – BoardSuite (www.boardsuitecorp.com) announced today that it has signed an LOI (Letter of Intent) with Aumento Capital to carry out a reverse take-over with the public company.  Aumento Capital is a CPC listed on the TSX-V.  Click here to access a copy of the Aumento announcement with full details of the transaction ( this will link to their news release).

Canaccord Genuity is the sponsor for the transaction and will be responsible for the $2-$4 million dollar raise.  “This is a major development for all of us at BoardSuite as we are now in a position to properly execute our business plan to dominate the board portal market.  We have achieved a great deal in the past 7 years but this milestone will allow us to begin the true growth in BoardSuite,” says Oscar A Jofre (founder President/CEO).

BoardSuite is designed for directors on boards, who have significant risks and responsibilities. BoardSuite was created to mitigate risk by providing directors and officers a simple yet powerful solution to address their responsibilities surrounding good governance and compliance.

Provided as a FREE SaaS-based service, BoardSuite enables executive leadership teams to securely and effectively manage their governance and compliance requirements, thus allowing them to devote more time towards helping their organizations improve overall business performance.

BoardSuite has received notable recognition within the online industry for its achievements.  In March 2011, BoardSuite was selected as one of the Top 15 Companies to watch by AlwaysOn OnDemand2011. In July 2009, BoardSuite was selected as one of Canada’s leading Web 2.0 pioneers by KPMG and Backbone magazine at the PICK20 Awards, the only national roundup of Canada’s up and coming Web 2.0 pioneers who are leading the 2.0 evolution of the Web. And, in August 2009, BoardSuite was named by IDC as one of Canada’s Top Cloud Computing Solutions to watch calling it a disruptive innovation in the board portal industry.

Source: Boardsuite