A local software company will create seven new jobs and enhance their services thanks to federal funding announced on Friday.
Brant MP Phil McColeman said Systems Logic Warehouse Management Solutions on Henry Street will receive a $366,667 loan from FedDev Ontario.
“Our government’s first priority is the economy – creating jobs, growth and long-term prosperity,” McColeman said. “We have faced some hard times in southern Ontario recently. While we continue to show signs of recovery here and across Canada, there is still uncertainty surrounding the global economy.
“We know many small and medium-sized enterprises face challenges getting access to capital. Investing in business innovation helps to address that challenge. It is designed to boost private-sector investment in new businesses to accelerate the development of products, processes and practices.”
Systems Logic provides warehouse management software and business technology consulting services to distribution-based companies throughout North America. The company helps clients manage inventories through mobile warehouse management capability.
The loan will be used to enhance software and offer new services, including online websites for client companies to manage their own logistics, marketing services and software needed by clients to sell products online.
The company currently employs 13 people and the federal funds will create another seven jobs initially, with more growth planned, Systems Logic CEO Anthony Allwood said.
“We are excited with the opportunities that this investment provides for our organization going forward,” Allwood said. “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.”