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SERVICEPATH BECOMES FIRST COMPANY ACCEPTED INTO TECHPLACE

CONTACT: Claire Green TechPlace 289-337-5505 info@techplace.ca

SERVICEPATH BECOMES FIRST COMPANY ACCEPTED INTO TECHPLACE

Burlington’s innovation hub offers office space to high potential companies.

Burlington, ON, June 23, 2017 – servicePath will be the first company to take up residence at TechPlace when it moves into one of the five offices available to new and growing technology companies. The early acceptance of servicePath will set the tone for the type of high energy and big potential companies TechPlace hopes to attract to the space.

“servicePath helps us set the bar high at TechPlace,” said Claire Green, Manager of TechPlace. “The company’s unique SAAS solution, backed by an experienced and successful leadership team, shows immense potential for growth, so it’s important we support them by providing space to get settled, and immediate access to resources and programming. This is a very exciting milestone for TechPlace, and we look forward to welcoming more companies very soon.”

With operations and customers on four continents servicePath will locate their new Headquarters and team at TechPlace with plans to double by the end of the year. At that time, the company plans to locate to a larger facility nearby.

servicePath’s unique technology platform addresses the challenges specific to technology and IT service providers, enabling increased market adaptability, business agility and service differentiation. TechPlace will provide a base camp for their operations and access to resources and programming, relationships and mentorship, through a growing partnership network.

Daniel Kube, CEO of servicePath, spoke about why the company has selected Burlington from amongst a list of choices. “The Toronto Hamilton corridor offers a great skill and talent pool to grow a high tech company. We selected the region for great educational institutions and its centralized North American location that allows us to service both coasts and our US and Canadian customers. TechPlace is close to GO transit and 30 minutes to the airport, making it attractive for employees, customers and stakeholders to get to.”

Please direct all media inquiries to Claire Green at Claire@techplace.ca.

About servicePath CPQ and SLM:

ServicePath focuses on helping organizations automate the sales process and reduce the time to quote for complex services through their unique “Configure, Price, Quote (CPQ)” capability. The company’s Service Lifecycle Management (SLM) is its key market differentiation, extending beyond CPQ to enable organizations to truly understand their cost of service, and manage the renewal of subscription-based revenue thereby reducing revenue leakages, which ultimately drive revenue assurance and growth.

About TechPlace:

Supported and led by the Burlington Economic Development Corporation, TechPlace is a one stop destination for new and growing technology companies. With the support of partners from across the public and private sectors, it is dedicated to connecting, developing, and advancing entrepreneurs at all stages. This means providing access to space and resources that are fundamental to growing a business in today’s technology-driven marketplace.

TechPlace also has a limited number of “launch pad” offices that are available to eligible companies. These offices are available on six-month terms for a subsidized rate, and include office furniture, Wi-Fi, and access to mentorship and resources. There is an application and selection process for these spaces. High potential companies that might be a good fit are invited to inquire at info@techplace.ca.

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