Archived — Government of Canada Supports Software Innovation in Brantford
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For immediate release
September 21, 2012
Brantford, Ontario — Local software company Systems Logic will be able to attract more North American clients by enhancing its warehouse management software, thanks to a Government of Canada investment announced today by Phil McColeman, Member of Parliament for Brant, on behalf of the Honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario).
"Our Government is committed to creating jobs, growth and long-term prosperity for southern Ontario," said MP McColeman. "This investment through the Investing in Business Innovation Initiative will position Systems Logic to best serve the growing and highly profitable pharmaceutical industry. The growth of this company is another wonderful example of how Brant businesses continue to implement innovative strategies for expansion and growth in our community and how our Government is supporting them."
Systems Logic provides warehouse management software and business technology consulting services to distribution-based companies throughout North America, helping clients better manage their inventories and meet growing customer requirements. The company's flagship product is "Wireless Warehouse in a Box," which provides users with real-time mobile warehouse management capability.
Under FedDev Ontario's Investing in Business Innovation initiative, Systems Logic will receive up to $366,667 to enhance its software and offer new services, including online websites for client companies to manage their own logistics, as well as marketing services and software needed for their clients to sell their products online. In addition to leveraging private investments of up to $1 million from investors in the Golden Triangle Angelnet, this is expected to increase sales for the company and create up to seven new jobs in the Brantford area.
"We are excited with the opportunities that this investment provides for our organization going forward," said Anthony Allwood, president and CEO of Systems Logic. "With our customer base expanding across North America and approximately 80 per cent of our new customers coming from the United States, it is great to be part of a Canadian solution, creating Canadian technology jobs, and bringing new dollars into our country."
Investing in Business Innovation is designed to boost private sector investment in start-up businesses to accelerate the development of new products, processes and practices and help bring them to market. Funding under the initiative is also available for angel investor networks and their associations to attract new investment and support the growth of angel investment funds. Applications for funding are being accepted and assessed on an ongoing basis. For more information, please refer to the program guidelines available on the FedDev Ontario website.
Created in 2009, FedDev Ontario supports the southern Ontario economy by building on the region's strengths and creating opportunities for jobs and economic growth. The Agency has launched a number of initiatives to create a Southern Ontario Advantage and place the region in a strong position to compete in the global economy. These initiatives are designed to encourage partnerships and support projects that help the region's businesses and communities become more competitive, innovative and diversified. To learn more, please visit www.FedDevOntario.gc.ca or call 1-866-593-5505.
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For more information, contact:
Office of MP Phil McColeman
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