TECSYS, a downtown Montreal-based company specializing in warehouse and distribution management software, purchased Laval-based Logi-D late last week.<\/p>\n
The purchase cost $2.95 million in cash and $100,000 in common shares, all of which will go to founder and CEO Richard Philippe.<\/p>\n
\u201cJoining TECSYS will help bring us to the next level,\u201d said Philippe. \u201cBeing a part of the top solution for healthcare supply chains opens new avenues for us to expand our product footprint. With our resources now combined, I look forward to joining the TECSYS team and providing our customers the best solution available.\u201d<\/p>\n
Logi-D\u2019s client base of hospitals and other healthcare organizations appealed to the larger company, which operates offices throughout North Amerca, Europe and Latin America. It also appreciated the $5.6 million dollars in revenue the 27-employee company earned last year.<\/p>\n
\u201cThis acquisition will bring together two Quebec based technology companies with complementary product lines, and extend our leadership in healthcare supply chains where more than 30% of our business is currently coming from,\u201d said Peter Brereton, president and CEO of TECSYS. \u201cLogi-D’s technology reduces the time clinical staff spend managing their inventory, leading to proven reduction in costs with improved patient care and outcomes. We remain the only supply chain solution built to address the specific needs of the healthcare industry, and will continue to expand our offerings both organically and through acquisitions.\u201d<\/p>\n
TECSYS shares are listed on the Toronto Stock Exchange, which will have to approve the deal.<\/p>\n
Note: This story appeared on page 10 of the Laval edition of the Suburban yesterday.<\/p>\n","protected":false},"excerpt":{"rendered":"
TECSYS, a downtown Montreal-based company specializing in warehouse and distribution management software, purchased Laval-based Logi-D late last week. The purchase cost $2.95 million in cash and $100,000 in common shares, all of which will go to founder and CEO Richard Philippe. \u201cJoining TECSYS will help bring us to the next level,\u201d said Philippe. \u201cBeing a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_wp_convertkit_post_meta":{"form":"-1","landing_page":"0","tag":"0","restrict_content":"0"},"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[20],"tags":[136,418,96,417,416],"class_list":["post-15782","post","type-post","status-publish","format-standard","hentry","category-hundredmilecircle","tag-laval","tag-logi-d","tag-montreal","tag-purchased","tag-tecsys","post-wrapper","thrv_wrapper"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p2buQs-46y","jetpack-related-posts":[{"id":3066,"url":"https:\/\/traceyarial.com\/blog\/en\/laval-mayoralty-candidates-debate-coops\/","url_meta":{"origin":15782,"position":0},"title":"Laval Mayoralty Candidates Debate Coops","author":"Tracey Arial","date":"November 2, 2013","format":false,"excerpt":"Seven said they\u2019d be there, but in the end, only four candidates for Laval mayor participated in a debate about cooperatives last week. 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Inspirational women raise money for women shelter\u00a0 (WI,Apr26,pA6) Lachine transfers human resources to Mtl (WI,Apr26,pA9) On\u2026","rel":"","context":"In "Hundred Mile Circle"","block_context":{"text":"Hundred Mile Circle","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/hundredmilecircle\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/childrenpainting2.jpg?fit=263%2C563&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/posts\/15782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/comments?post=15782"}],"version-history":[{"count":2,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/posts\/15782\/revisions"}],"predecessor-version":[{"id":15784,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/posts\/15782\/revisions\/15784"}],"wp:attachment":[{"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/media?parent=15782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/categories?post=15782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/tags?post=15782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}