industry news

  • Cuboh posted an article
    Cuboh talks about its 2020 growth and the joining of Brandon Ellis (Checkfront) as CTO. see more

    VICTORIA, BC, Canada - Cuboh, the highest rated online ordering manager for modern restaurants, continues to grow with the appointment of Brandon Ellis as their new Chief Technology Officer.

    The Canadian startup oversubscribed their seed round in March 2020, raising $1.6M CAD with Altair CapitalGood News Ventures and Dash40 Ventures. “This investment has helped us grow our customer success, sales and development teams more than 200% overall,” said Cuboh Co-Founder & CEO Juan Orrego. “We need to continue growing the team at this speed to satisfy our increasing customer needs in this pandemic environment, which has put more emphasis on online ordering.”

    Orrego continued, as Cuboh is a technological solution, “the keystone to these new hires was the CTO; we needed a seasoned executive. Someone with experience in growing a small national start-up to a global enterprise with employees and customers worldwide.”

    Ellis was the perfect fit, having played an integral role in growing Checkfront - a Canadian company that offers an online booking system for tours, activities, and rentals - from 3 to 80+ employees over the last six years. “Brandon has been an immediate fit for Cuboh, and with his expertise we’re all excited to see where we go next” added Tyler Gellatly, Cuboh’s Director of Operations & Partnerships.

    As of June 2020, Cuboh serves 1,000+ locations in the US, Canada, and increasingly in Australia where it just launched its operations with the help of a strategic partnership with Square.

     

    About Cuboh

    Cuboh is the preferred restaurant solution for online ordering consolidation and POS direct integration. Headquartered in Victoria, BC, Canada, Cuboh integrates delivery apps such as Uber Eats, Doordash, and Chownow with restaurants' Point-of-Sale (POS) systems. Its solution replaces all other delivery app tablets and enables restaurants to consolidate data, increase online orders, and drive profits via new revenue streams and better service.

     

    Media Contact

    Omar Sequera  
    omar@cuboh.com

  • Paula Parker posted an article
    Recent announcement will increase program eligibility for tech businesses impacted by COVID-19. see more

    VICTORIA, BC (April 8, 2020) This morning Prime Minister, Justin Trudeau, announced additional new measures to the Canada Emergency Wage Subsidy program. These changes are significant for the tech community, which includes Canada’s most promising and fastest growing companies. VIATEC was among the advocates supporting this initiative, knowing that without these changes, such companies would have been at a serious disadvantage and unable to maintain operations. 

    The initial structure of the wage subsidy program was well meaning but required companies to demonstrate a 30% reduction in revenue for the same month last year. This excluded Canada’s fastest growing companies that had increased revenue and staff size significantly in the last 12 months. 

    It’s not unusual to see young companies grow 100% year over year but the initial requirements of the wage subsidy program meant that those companies that were rapidly expanding before the COVID 19 Crisis would not qualify. Without changes, some of Canada’s fastest growing companies would find themselves left without the support available to other businesses, which would have been catastrophic to Canada’s innovation sector.

     

    What it means for businesses:

    1. Calculations now allow companies to show the required 30% reduction in revenue by comparing the months of January and February of this year, rather than last year at the same time.

    This is especially helpful for growing companies like startups that are already much bigger than 12 months ago, but have suffered a big dip in revenue just recently. 

    2. Companies only need to show a 15% reduction in March, as the crisis had not fully taken hold until mid-month. 

    This was the biggest ongoing concern among startup and tech advocates like us, so we are very pleased with this revised eligibility.

     

    These measures are more in alignment with the unique financial dynamics of businesses within our tech sector and we sincerely hope they help protect jobs and allow tech leaders to pay their workers and bills during these difficult times. VIATEC is encouraged by the responsiveness of the government and would like to thank those within our tech community who came forward to inform our advocacy by filling out our survey, emailing us, or contacting the government directly. 

    Visit Canada.ca for more information on the Canada Emergency Wage Subsidy or our COVID-19 Resources page for a complete list of programs. 

    MEDIA CONTACT: 

    Paula Parker
    Community Manager
    pparker@viatec.ca
    Cell: 604-440-2686
     

    ABOUT VIATEC:

    VIATEC (Victoria Innovation, Advanced Technology and Entrepreneurship Council), started in 1989. VIATEC's mission is to cultivate the most cohesive tech community in the world by providing resources to tackle shared opportunities and challenges while boosting a sense of belonging and shaping our region. (Victoria's biggest industry is tech!).

    We work closely with our members to offer a variety of events, programs and services. In addition, VIATEC serves as the front door of the local tech sector and as its spokesperson. To better support local innovators, we acquired our own building (Fort Tectoria) where we offer flexible and affordable office space to emerging local companies along with a gathering/event space for local entrepreneurs.

     

  • "JEA plays an essential role in the pension administration system at OPTrust," --OPTrust President see more

     TORONTO, July 6, 2017 /CNW/ - OPTrust today announced a strategic investment in James Evans & Associates (JEA) Ltd., a leading provider of pension administration services in Canada and the U.S., and one of the pension plan's long-standing service providers. JEA's pension engine, which OPTrust believes is the best product offering in its category, is a key component of the pension plan's administration system.

    "JEA plays an essential role in the pension administration system at OPTrust," said OPTrust President and CEO Hugh O'Reilly. "Our investment in JEA represents a strategic investment with a valued provider that fits within the plan's approach to innovation, strategic relationships and serving our members."

    "We are delighted to strengthen our long-standing relationship with OPTrust. This strategic partnership will support JEA as we continue to offer leading-edge pension solutions and help shape JEA's products to fulfill market needs, which will benefit all of our clients. For more than 38 years, JEA has provided  software solutions to the pension industry and we look forward to the opportunities that will undoubtedly come about as a result of this agreement," said Jim Evans, President & CEO of JEA.

    Given that OPTrust employs the JEA pension engine, a natural synergy exists between the two organizations. This investment represents a strengthening of the relationship between OPTrust and JEA, which has been ongoing for two decades.

    About OPTrust
    With net assets of $19 billion as at December 31, 2016, OPTrust invests and manages one of Canada's largest pension funds and administers the OPSEU Pension Plan, a defined benefit plan with almost 90,000 members and retirees. OPTrust was established to give plan members and the Government of Ontario an equal voice in the administration of the Plan and the investment of its assets through joint trusteeship. OPTrust is governed by a 10-member Board of Trustees, five of whom are appointed by OPSEU and five by the Government of Ontario.

    About JEA
    JEA, a Victoria, British Columbia-based company, is one of Canada's leading pension software firms. JEA's solutions are used to administer over 1.5  million individual member pensions across public and union plans in Canada and the United States.  JEA provides solutions that enable organizations to operate their pension plans with great flexibility, using configurable rules-based solutions capable of managing the most complex, defined benefit pension plans. Offering solid, reputable and easy-to-use technology coupled with people who have extensive pension knowledge, JEA offers full-service pension software, solutions and consulting services.

    SOURCE OPSEU Pension Trust (OPTrust)
     

    For further information: Media Contacts: Claire Prashaw, Manager, Public Affairs, OPTrust, +1 (416) 681-3617, cprashaw@optrust.com; Sheree Johnson, Chief Operating Officer, JEA, 416-407-3312, S_johnson@jea.ca