Navigating The New Frontier
McGuinty Government Capitalizes On Emerging Technology, Creates High-Value Jobs
Ontario is helping a leading-edge eastern Ontario IT company become a global leader in cloud computing, an Internet-based computing system, while creating seven knowledge-based jobs in Kingston.
By bringing its innovative Orchestra CMS content management system to market, Stantive Technologies Group Inc. would gain an important foothold in Internet-based, cloud computing services, the next wave of technological innovation. The province is providing $300,000 through the Eastern Ontario Development Fund to help the company develop its pioneering content management system and improve staff training.
This three-year project will also help build a new foundation for sustained, diversified economic growth in eastern Ontario.
Partnering with local business organizations is a key component of the five-year Open Ontario plan to create new job opportunities and promote economic growth.
- Formed in 1992, Stantive Technologies Group Inc. provides business technology services in four key areas: consulting services, on-demand application solutions, on-premise IT products and community-focused collaborations.
- In 2008, eastern Ontario's gross domestic product was approximately $66 billion, representing 12 per cent of the provincial total.
- Cloud computing is Internet-based computing, whereby shared resources, software, and information are provided to computers and other devices similar to an electricity grid.
- As a result of business tax cuts and the move to a harmonized sales tax, the tax on business investment in Ontario is being cut in half, making Ontario businesses more competitive.
“As a government, we need to maximize Ontario's competitiveness to succeed in today's global, knowledge-based economy. Supporting Stantive Technologies Group Inc.'s efforts to become a world leader in cloud computing sends a clear message that Kingston, Ontario is the place to be for developing cutting-edge, game-changing technologies.”
“Cloud computing represents the next wave of IT innovation. With help from the Ontario government, our company will be better-positioned to successfully launch its cloud-based computing system on the global market.”
“Stantive Technologies has shown significant growth over the past 12 months and this investment will allow them to excel their products and service offering and attract major companies as new clients from the around the world. Today's announcement is the first successful technology sector EODF investment that Kingston has seen to date. KEDCO has been working closely with Doug Girvin and Stantive Technologies to support their continued growth which is already resulting in new job creation and investment to our city."”
John Paul Shearer