Automotive tech business accelerates expansion plans
Government of Canada helps Quorum Information Systems ramp up growth opportunities
May 11, 2021 · St. John’s, Newfoundland and Labrador · Atlantic Canada Opportunities Agency (ACOA)
Atlantic Canada’s advanced technology industry is an important part of building a strong, resilient economy. That is why the Government of Canada is helping automotive technology company Quorum Information Systems Inc. create more jobs and grow its business.
Technology company seeks out new business opportunities
The Honourable Seamus O’Regan, Minister of Natural Resources and Member of Parliament for St. John’s South-Mount Pearl, on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages, today announced a repayable contribution of $500,000 to Quorum Information Systems Inc.
Quorum provides customer management software solutions to automotive dealerships throughout North America. This investment will create three new jobs to help the company pursue new business partnerships, mergers and acquisitions.
Today’s announcement further demonstrates the Government of Canada’s commitment to developing a more innovative economy by supporting growing technology companies.
“Innovative companies that provide tech-based solutions support business growth across all sectors of our economy. Strategic investments in companies such as Quorum Information Systems help them accelerate growth and contribute to a strong, resilient Atlantic Canadian economy. ”
- The Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for ACOA
“The tech industry in Newfoundland and Labrador is creative, innovative, and determined to grow even bigger. Investing in Quorum supports growth, creates jobs, and shows, once again, that we’re ready to take on the world.”
- The Honourable Seamus O’Regan, Minister of Natural Resources and Member of Parliament for St. John’s South-Mount Pearl
“Quorum has grown both organically and through partnerships and acquisitions. Having completed three acquisitions in the last four years, Quorum now delivers its products to over 1,000 North American automotive dealerships and 30 percent of the Canadian franchised dealerships have one Quorum product installed in their dealership. With the support of the Government of Canada, we can continue to enhance our leadership position in the automotive software market.”
- Maury Marks, President and CEO, Quorum Information Systems
The funding announced today is provided through ACOA’s Regional Economic Growth through Innovation (REGI) program
Quorum Information Systems Inc.’s parent company (Quorum Information Technologies Inc.) 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 Information Technologies Inc. employs approximately 400 people, more than 100 of whom are located in St. John’s.
Office of the Minister of Economic
Development and Official Languages
Director of Communications
Atlantic Canada Opportunities Agency
Chief Financial Officer
Quorum Information Systems Inc.
709-758-1450 (ext. 386)
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