Xpertdoc Technologies has raised $2.3 million (CAD).
The Montreal startup, a Microsoft Gold Partner, secured the funding from BDC Capital.
The customer communications management solutions company will use part of the funding for a new office, while another portion is earmarked for hiring more workers to keep up with its 40% growth year-over-year for six consecutive years.
“Xpertdoc is doing an amazing job in successfully competing in a global market dominated by giants such as Adobe and OpenText,” said Jean-Philippe Poissant, Director, Growth Capital and Business Transfer for Northern Quebec at BDC Capital.
“We have strong growth potential and plan to hire close to 100 high-technology specialists within three years,” said Francis Dion, founder of Xpertdoc. “Our team of 50 highly qualified professionals is working hard toward achieving our goal of doubling our revenue from $5 million to $10 million in two years, now propelled by the additional funding from BDC.”