Subscribe to our free, weekly email newsletter!


TECSYS concludes $10 million financing agreement

Following increased demand, company pursues growth opportunity.
November 01, 2012

TECSYS, a leading supply chain management software company, announced today that it has completed a financing agreement of up to $10 million with the National Bank of Canada to support the Company’s growth.

The $10 million financing agreement includes a five-year $5 million term loan and a $5 million operating line of credit.

“Over the last eighteen months we have experienced a significant increase in demand for our software and services resulting in the growth of our backlog, human resources and associated capital infrastructure,” commented Peter Brereton, president and CEO of TECSYS. “We have also accelerated our investments in R&D. The financing agreement we have just concluded will provide us with the added liquidity necessary to take advantage of the current growth opportunity.”

Subscribe to Modern Materials Handling magazine

Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!

Recent Entries

In recently issued research and data, JLL pointed out that its market data indicates rents are on the rise, with companies on the hunt for warehouse and distribution space.

New retail, rental fleet and floor plan financing solutions available in U.S. first before rolling out to Canada, Mexico, Brazil and Chile.

Equipment Leasing and Finance Association suggests favorable conditions will drive replacement and expansion spending.

The former Boesel Opera House, originally built in 1895, previously housed a bar and restaurant and was gutted by a fire in 2012.

Acquisition to boost real-time visibility features of current Wynright warehouse control systems applications.

Article Topics

News · Supply Chain Software · Business · Tecsys · All topics

About the Author

Josh Bond, Associate Editor
Josh Bond is an associate editor to Modern. Josh was formerly Modern’s lift truck columnist and contributing editor, has a degree in Journalism from Keene State College and has studied business management at Franklin Pierce. Contact Josh Bond


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA