April 9, 2018, MONCTON (GNB) – Dovico Software Inc. is expanding its workforce in Moncton, creating up to 13 full-time jobs with support from the provincial and federal governments.
“Job creation and economic development is a top priority for your government,” said Finance Minister Cathy Rogers. “We are proud to be supporting innovative New Brunswick companies like Dovico Software, and we look forward to their continued growth and success.”
Rogers spoke on behalf of Economic Development Minister Francine Landry, who is also the minister responsible for Opportunities NB.
The company was incorporated in 1993. Its flagship product, Dovico Timesheet, is sold worldwide to companies such as Xerox, HedgeServ and Ryan.
The provincial and federal governments are investing a combined total of $463,119 in the company to help it meet consumer demands and facilitate innovations. With these investments, Dovico will be hiring new employees, boosting the company’s expertise and enhancing its software-as-a-service solution for timesheet entry and improving productivity.
“In order to grow a strong and sustainable economy in Atlantic Canada, we must encourage small and medium-sized companies to remain innovative and compete on a global scale,” said federal Health Minister Ginette Petitpas Taylor. “This investment in Dovico Software Inc. is helping to create jobs for the region while supporting growth for the information technology sector.”
Petitpas Taylor spoke on behalf of federal Innovation, Science and Economic Development Minister Navdeep Bains, who is also the minister responsible for the Atlantic Canada Opportunities Agency (ACOA).
Opportunities NB, which is a Crown corporation that seeks to attract and support opportunities to grow the economy and create jobs, is investing up to $95,709 in support of the new positions and $14,360 in support of market development activities for a total investment of $110,069 in the form of non-repayable contributions. The Department of Post-Secondary Education, Training and Labour is investing $20,800 through the One-Job Pledge program.
These investments will contribute an estimated $2.3 million to the province’s GDP over the next three years and generate provincial income tax revenues of more than $139,000 over the same period.
ACOA is investing $332,250 through its Business Development Program.
“When people invest in your dream, it is the best compliment you can get,” said the company’s director, president and CEO Yves Doucet. “It does come with a responsibility, but, after 25 years in business, it presents even better opportunities for providing world-class business services to all our customers. We are grateful to have fantastic partners like ACOA and the Province of New Brunswick.”
From left: federal Health Minister Ginette Petitpas Taylor; Diane Doucet, company co-founder and project co-ordinator; company director and president Yves Doucet; and Finance Minister Cathy Rogers.
MEDIA CONTACT(S):
Eric Lewis, communications, Opportunities NB, 506-866-6938.
Paul C.J. LeBlanc, communications, Atlantic Canada Opportunities Agency, 506-452-3310.
Estelle Johnston, communications, Dovico Software Inc., 506-855-4477.
