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

Effectively serving contemporary e-commerce demands of smaller, more frequent orders requires AS/RS technology designed for optimal storage volume, speed, flexibility and scalability.

Vocollect solutions are attractive because payback is typically 9-12 months and mobile workers appreciate being equipped to succeed in their job, boosting worker retention.

The company now has a network of eight regional service training centers across North America dedicated to training programs for Crown customers, dealers and employees.

This follows the opening of a London office earlier this year, and strengthens the company’s global presence in North America, Mexico, Latin America, Europe and South Africa.

As increasing awareness of environmental concerns permeates business operations, savvy companies are responding to customer, competitor and regulatory pressures to enhance their sustainability efforts.

Article Topics

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

About the Author

Josh Bond, Contributing Editor
Josh Bond is a contributing editor to Modern. In addition to working on Modern's annual Casebook and being a member of the Show Daily team, Josh covers lift trucks for the magazine.


© Copyright 2016 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA