MONTRÉAL, April 27, 2016 /PRNewswire/ - IOCS - the world´s first developer of multi-tenant, end-to-end e-commerce platform for the processing of complex agreements - has chosen Montréal to establish its first software development centre in North America. IOCS, which is growing at an annual rate of 100%, will pursue its ambitious expansion strategy using Québec's metropolis as a springboard. The company plans to create a team of over 115 highly skilled employees in Montréal within the next three years.
IOCS' business focus has been predominantly centred on the UK market. "As a business we are experiencing hyper-growth and we have chosen to invest in building our global technical team in Greater Montréal. We chose Québec's metropolis for the depth of its talent pool, its cost effectiveness, the ease of doing business, its culture and the advantages of the time zone. As a city, Montréal fits perfectly with our company's outlook – vibrant, doing things differently and a great place to be," stated Abe Smith, CEO of IOCS.
"The Information and Communications Technology sector is a key pillar of our region's economy and its success is based on a strong pool of creative talent with high technical skills and a dynamic ecosystem of world-class universities, R&D centres and businesses," said Denis Coderre, Mayor of Montréal.
Montréal International has provided strategic support to IOCS for their expansion project. "IOCS's unique expertise and cutting-edge technology will bring great value to our metropolitan region and help bolster our competitiveness. They can count on our team to continue to provide support in the next steps of IOCS' growth strategy," explained Hubert Bolduc, President and CEO of Montréal International."
About IOCS (www.iocs-systems.com)
Founded in 2009, IOCS is the world's first service focused on the end-to-end automation of financial agreement processes. IOCS makes financial transactions more likely, more efficient, more valuable, lower risk and more environmentally friendly. In the last year, the company has processed over $10bn financial agreements.
About Montréal International (www.montrealinternational.com)
Montréal International acts as an economic driver for Greater Montréal to attract wealth from abroad while accelerating the success of its partners and clients. Its role is to attract foreign investment, international organizations and skilled workers to Greater Montréal, and promote the region's competitive environment.
SOURCE Montréal International