- One of Canada's top notch IT solution providers, Compugen, acquires a minor stake in long-running FoxWise Technologies.
- The partnership is expected to augment scope of service offerings for FoxWise while expanding Compugen's customer base.
In a recent instance of ongoing mergers, partnership, and acquisition, Ontario based Compugen Inc., has reportedly announced a strategic investment into Canada's indigenous IT firm, FoxWise Technologies.
For the uninitiated, FoxWise aims at offering IT services to all levels of government and First Nations, Inuit and Metis communities. The company also works with indigenous communities and public sector organizations to create local workforces with high technical proficiency.
Speaking on the matter, the Founder and President of FoxWise, Sam Damm, apparently cited that the company was pleased to announce its strategic alliance with the leading IT solutions provider. He further added that Compugen has created a niche in the practical IT solutions realm to simplify the challenges and complexities faced by the nation's ever changing IT landscape.
Apart from delivering highly efficient IT solutions, the company is also focused on job training and creation. Compugen's commitment to local engagement whilst simultaneously developing the all-inclusive workforce, lays an emphasis on the synergy with the FoxWise. Damm believes that this alliance would augment the service offerings for FoxWise alongside expanding Compugen's customer base.
Meanwhile, the President and CEO of Compugen Inc., Harry Zarek, stated that the company's investment in FoxWise would support their customer service objectives. FoxWise carries a proper goal of developing an indigenous workforce to attain high-quality jobs and perfect IT solutions to cater to the customer needs.
According to reliable sources, the partnership of FoxWise with Compugen would enable the former company to strengthen its service capabilities beyond the public sector thereby allowing it to work closely with the national organizations.
For the records, Compugen Inc. serves as Canada's one of the prominent IT solution providers lending support over Canada and the United States. The company is highly motivated to address complex IT challenges and provide real-world customer centric solutions for the same.
Source credit:
https://finance.yahoo.com/news/foxwise-technologies-inc-compugen-inc-010000389.html
