Dartmouth company developing software to transform telecommunications
ACOA awards Maplewave $3.5 million to promote innovation and exporting.
DARTMOUTH, NS – February 13, 2019: High-growth companies are forces of economic growth in Canada. Organizations like Maplewave are especially important to Atlantic Canada’s growth, as they promote innovation and exporting, leading to job creation.
The Government of Canada has awarded Maplewave repayable contributions totaling $3.5 million. These contributions will assist Maplewave’s development of next generation retail management software and promote the overall growth of the company.
“Our success over the years is a direct result of the amazing team we have assembled, and we’re excited to add even more great minds to our Maplewave family. This funding will help us remain at the forefront of the industry through the development of next-generation products and services. The addition of these highly-skilled jobs will be a catalyst that drives growth across our entire company for years to come.” – Adam Baggs, CEO Maplewave
The contribution announcement was made by Darren Fisher, Member of Parliament for Dartmouth-Cole Harbour, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister on February 12 at the Maplewave Headquarters in Dartmouth, NS. Contributions were made from Atlantic Canada Opportunities Agency’s (ACOA) Atlantic Innovation Fund ($3,000,0000) and the Business Development Project ($500,000).
“The hard work and ingenuity of Maplewave’s staff has put the company on the map. It is one of a handful of very high-growth companies in Atlantic Canada that innovates and exports more than the average business. As it sells its purpose-built products for the telecommunications sector in international markets, Atlantic Canadians benefit from the jobs it creates and a boost to the economy here at home.” – Darren Fisher, Member of Parliament for Dartmouth-Cole Harbour
Maplewave is developing a new generation of software that will help telecommunication retailers improve their operations, increase efficiency, and cut costs. Maplewave’s software also improves consumer digital experiences by making them faster and easier. With the help of the contributions made by ACOA, Maplewave plans to hire staff and expand market share in the Americas, Africa, the Middle East, Europe and the Pacific region.
“Maplewave is a key player in our thriving technology sector. The Maplewave team is putting Dartmouth on the global map with their world class telco products, services, and people.” – Mayor Mike Savage
Learn more about Maplewave at: www.maplewave.com
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