May 20, 2010
FREDERICTON (CNB) - The provincial government is investing up to $560,000 in payroll rebates to help Q1 Labs Canada Inc. hire up to 70 new employees, including technical and sales positions, at its Fredericton and Saint John locations. Q1 Labs is also planning to expand its research and development centre in Fredericton.
The announcement was made at the company's Fredericton office by Finance Minister Greg Byrne and Chris Fanjoy, senior vice-president, engineering, Q1 Labs Canada Inc.
"Our province has had real success attracting global information technology companies, and our investment in Q1 Labs Canada Inc. is evidence of this company's potential for future expansion in New Brunswick," said Byrne. "Q1 Labs Canada Inc. is an international firm with leading-edge products and a growing client base, and its commitment to growth in New Brunswick signals to the world that New Brunswick is the place to be for information and communication technology."
Byrne spoke on behalf of Business New Brunswick Minister Victor Boudreau.
Q1 Labs Canada Inc. is a subsidiary of Q1 Labs Inc., based in Massachusetts. The company is a global provider of security intelligence software. It employs more than 70 in Fredericton and Saint John, and it has offices in the United States and Europe. It recently announced plans to open a new office in Belfast, Northern Ireland.
"Two years ago, we were pleased to create a new, larger research and development centre in Fredericton," said Fanjoy. "This new facility allowed us to contribute to our company's rapid growth and develop innovate solutions and services for our customers. Today, we are pleased to be partnering with the provincial government to continue our expansion in this province, which includes hiring more skilled New Brunswickers and maintaining a centre of excellence with the University of New Brunswick as we focus on security intelligence-related research."
Q1 Labs Canada Inc. is the latest technology firm to expand in New Brunswick. Other companies have included Computer Generated Solutions Canada Ltd.; Research In Motion; Agfa Healthcare Inc.; and Fredericton Fantastic Network North America.
"Our government is driven to support companies that will, in return, play a significant role in our provincial economic growth strategy," said Byrne. "Q1 Labs Canada Inc. is a global business that emphasizes its commitment to academic collaboration and forward-thinking research initiatives, and we are proud that is has chosen to be a part of New Brunswick's growing information technology community and add to our province's reputation as Canada's smart province."
MEDIA CONTACTS: Ashley Bursey, communications, Business New Brunswick, 506-453-2694, email@example.com; Nicole Czarnecki, public relations manager, Q1 Labs Inc., 781-250-5829, nicole.czarnecki@Q1Labs.com.