Leading Business Process Outsourcing Company Positioned for Strength

Aug 21, 2007

Symcor Inc., a leading North American business process outsourcer for the financial services industry, continues to position itself and its Halifax location for competitiveness and high-quality service.

The province, through Nova Scotia Business Inc., has signed a maximum $713,400 payroll rebate with Symcor. The company projects it will create up to 130 new jobs within five years. The payroll rebate is performance-based and will be paid out annually as the company meets its hiring targets.

"Symcor has locations across Canada and the U.S.," said Economic Development Minister Richard Hurlburt. "Symcor is here because Nova Scotia has the right mix of talent, great global connections and infrastructure that provide the right foundation for business success."

Symcor draws most of its business from processing cheques and managing documents. The company prides itself on meeting new industry challenges and opportunities, offering flexible and cutting-edge solutions for outsourcing.

The company is focused on offering new services and expanding existing ones to new markets. Symcor is also making significant investments in technology. These initiatives will provide Nova Scotia employees with training and exposure to the latest advances in the rapidly growing business process outsourcing field. 

"Symcor is another strong company in our world-class business process outsourcing and IT sector," said Stephen Lund, president and CEO of NSBI. "Given our strong business case and proactive business development efforts, it's no wonder competitive companies are successful in Nova Scotia."

With business centres located across five North American time zones, Symcor employs more than 5,000 employees. As one of North America's largest business process outsourcing companies, Symcor Inc. provides services designed to transform and enhance its customers' businesses. It is an industry leader in physical and electronic check processing, payment processing, statement production and document management. For more information, visit www.symcor.com.

Nova Scotia Business Inc. (NSBI) is Nova Scotia's private sector-led business development agency. NSBI is the investment attraction arm of the province and helps businesses in Nova Scotia meet growth potential through advisory, export development, financing and venture capital.

Media Contact:

Mel Rusinak
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