FOR IMMEDIATE RELEASE – Feb 25, 2016
We are very happy to announce that SageTea has qualified for a $276,000 investment from the Southern Ontario Fund for Investment in Innovation (SOFII). This non-dilutive investment will allow us to significantly advance our efforts in marketing, sales and product development.
“SageTea is a dynamic, innovative company that is positioned to disrupt the traditional methods of software coding. We are pleased to provide SOFII funds to a company like SageTea, as they gain traction in the marketplace and enable their clients to quickly and efficiently implement new software applications.”
Carol A. Armstrong,
Executive Director, Community Futures Ontario East, SOFII
The past year has been very exciting here at SageTea. In addition to the SOFII investment, we have also been awarded a Government of Canada Build in Canada Innovation Program (BCIP) project and Xerox is now actively marketing SageTea applications and services across Canada.
What’s more on February 16th, SageTea was awarded a US patent for its database model.
SOFII an integral part of FedDev Ontario’s Prosperity Initiative, is a $20M self-sustaining, revolving fund that supports high-growth, innovative Small and Medium-sized Enterprises (SMEs) in rural and urban communities by offering loans to support all aspects of growth challenges facing them.
SageTea® Inc. is a ground breaking, disruptive natural language technology that is fundamentally changing how business software is developed. Text-to-Software, our software automation platform, creates robust enterprise level products at a fraction of the cost and in far less time compared with traditional programming methodologies and languages.
SageTea is an alumnus of the Invest Ottawa accelerator and a member of the General Dynamics Mission Systems Canada EDGE accelerator designed to drive innovation in the defense and security sectors.
For more info, please contact Scott MacGregor, President: firstname.lastname@example.org or call 613-762-7820.