Quorum Information Systems Inc. Developing Innovative Solution to Drive Growth

News release

Company plans to develop new hub to link information from key data systems  

July 9, 2019 – St. John’s (NL) – Atlantic Canada Opportunities Agency 

Businesses driving innovation and growth in the technology industry need to continue to adapt and modernize to stay competitive. With that in mind, Quorum Information Systems Inc. (Quorum) is developing an innovative digital solution to help automotive dealerships improve customer service and business operations. This will enable the company to remain competitive, maintain more than 120 jobs and expand further into the North American market. 

Quorum currently offers its XSELLERATORTM software platform to help automotive dealerships automate, integrate and streamline departments such as sales, service and parts. The company will now use artificial intelligence to develop a new data hub to integrate information collected from XSELLERATORTM, dealerships and vehicle manufacturers. This will allow Quorum to provide more comprehensive information to automotive dealerships and enable them to offer better customer service and enhance business growth.  

The Government of Canada is providing a conditionally repayable investment of more than $1.5 million for this project and Quorum is providing more than $514,000. 

The Honourable Seamus O’Regan, Minister of Indigenous Services and Member of Parliament for St. John’s South-—Mount Pearl, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency (ACOA), made the announcement today.

The Government of Canada is making smart investments that will create good, middle-class jobs in our country. It is helping Atlantic Canadians develop and bring to market new products and services that lead to market success, help grow strategic sectors, or lead to the creation of research and commercialization partnerships. Support for this project is one way the Government of Canada is working to achieve its Atlantic Growth Strategy outcome of long-term economic prosperity in the region.

Quotes

“Our government recognizes that investing in local businesses helps grow the middle class, drive economic growth and create new jobs and more opportunities for success. Companies such as Quorum Information Systems Inc. are leading the way with technology that is in demand across Canada and in international markets.”

- The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for ACOA


“Innovative companies like Quorum know that Newfoundland and Labrador is a gateway to global markets. Today we’re investing alongside Quorum’s dedicated leaders and employees; competing with the world from right here at home.” 

- The Honourable Seamus O’Regan, Minister of Indigenous Services and Member of Parliament for St. John’s South-Mount Pearl


“The software development resources for the project will come from our St. John’s office. We are pleased with the skilled and creative people we have sourced in St. John’s as this talented pool of people will be instrumental in assisting Quorum overcome the advanced technical demands associated with the project.”

- Marilyn Bown, Chief Financial Officer, Quorum Information Systems Inc.

Quick facts

  • Quorum Information System Inc.’s parent company is based in Calgary, with its St. John’s location acting as the primary branch for product development and customer support. It services a diverse range of automotive dealerships across North America and currently has more than 10,000 users.

  • Quorum’s XSELLERATOR division employs approximately 120 people, 78 of whom are located in St. John’s.

  • The Government of Canada is investing more than $1.5 million in this project through ACOA’s Atlantic Innovation Fund, while Quorum is contributing more than $514,000.

  • The Atlantic Innovation Fund (AIF) encourages partnerships among private sector firms, universities, colleges and other research institutions to develop and commercialize new or improved products and services.

  • The AIF continues to build on the objectives of the Innovation and Skills Plan, a multi-year strategy to create well-paying jobs for the middle class and those working hard to join it.

  • In 2018, the Government of Canada, through ACOA’s Business Development Program, also provided a repayable investment of $175,000 to Quorum for the company to update computer infrastructure and equipment and expand its operation in St. John’s to meet growing demand for its software platform.

Contacts

Paul McGrath
Director, Communications
ACOA NL
709-772-2984
paul.mcgrath@canada.ca

Marilyn Bown
Chief Financial Officer
Quorum Information Systems Inc.
709-758-1450 (ext. 386)
bownm@quorumdms.com


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