V-DOCS provides an electronic signature and contract software utility for the telecommunications industry. It allows retailers to become more environmentally conscious while increasing efficiencies.
The province, through Nova Scotia Business Inc. (NSBI), is supporting the growth with a $420,000 payroll rebate over five years. The investment will help create up to 40 new jobs over the term of the agreement, potentially doubling the companies' workforce.
"Master Merchant Systems and V-DOCS are innovative homegrown companies with clients all over the world," said Percy Paris, Minister of Economic and Rural Development and Tourism. "This investment will help foster the growth of high-quality jobs in the information technology sector, a testament to our jobsHere plan."
The companies employ 40 people. New employees will increase software development capacity and enhance sales efforts globally, targeting the cloud-based computing market.
"Our success and innovation is rooted in our people," said Matt Brannon, senior vice-president of sales and marketing for Master Merchant Systems and V-DOCS. "We plan to double our workforce with local talent and expertise, allowing us to compete with larger providers in international markets."
More than 75 per cent of Master Merchant System's revenue comes from sales abroad, which the company hopes to grow with increasing demands in global cloud-computing.
"This is a great example of a Nova Scotia company that continues to stay on top of trends while expanding into new global markets," said Stephen Lund, president and CEO of NSBI. "Companies like Master Merchant Systems and V-DOCS help bring the Nova Scotia brand to businesses and consumers around the world."
Master Merchant Systems has been an established Nova Scotia company for over 20 years, servicing the local Point of Sale market. V-DOCS Inc. was established in 2009, after the development of the paperless document management system for the telecommunications industry. For more information, visit www.mmspos.com or http://v-docs.ca.
Nova Scotia Business Inc. is the province's private-sector-led business development agency. Through trade development, investment attraction, business financing and venture capital, NSBI assists local companies and attracts international companies to Nova Scotia. Follow NSBI online at www.nsbi.ca/connect.