A Dartmouth software utility will double its workforce thanks to a hefty payroll rebate from the province.
Sister companies V-DOCS Inc. and Master Merchant Systems Software Ltd. will add 40 positions to their workforce, already 40 strong, over the next five years.
The five-year, $420,000 payroll rebate was made available through Nova Scotia Business Inc., the firm announced Thursday.
The new hires will increase the company’s software development capacity, enhance global sales efforts and target the growing cloud-computing market, said Matt Brannon, senior vice-president of sales and marketing.
More than 75 per cent of Master Merchant Systems’ revenue comes from sales abroad, which the company hopes to grow, considering the demand for global cloud computing.
“Our success and innovation is rooted in our people,” Brannon said in a release.
“We plan to double our workforce with local talent and expertise, allowing us to compete with larger providers in international markets.”
A global retail solutions firm servicing the point-of-sale market, Master Merchant Systems started in Dartmouth 20 years ago. V-DOCS Inc. was established in 2009 to provide digital contracts that allow retailers to reduce their paper consumption, keep track of important documents and increase efficiencies.
“This is a great example of a Nova Scotia company that continues to stay on top of trends while expanding into new global markets,” Stephen Lund, president of Nova Scotia Business Inc., said in a release.
“Companies like Master Merchant Systems and V-DOCS help bring the Nova Scotia brand to businesses and consumers around the world.”