Tecsys secures financing for growth

Friday, November 02, 2012

The Canadian supply chain software technology provider TECSYS Inc. said Thursday it has completed a financing agreement of up to CAD$10 million with the National Bank of Canada to support the company’s growth. The financing agreement also includes a five-year CAD$5 million term loan and CAD$5 million operating line of credit. “Over the last 18 months we have experienced a significant increase in demand for our software and services resulting in the growth of...

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