NewPace Expands

BDC provides growth funding to expanding technology company

Bedford, NS, November 29, 2011– As NewPace completes its third year of operation in Nova Scotia, the company is thrilled to announce that it is expanding its services to include an innovative new mobile product. Referred to as the hidden gem of Canada’s technology sector, NewPace provides state of the art software development and consulting services for a suite of global clients.

“We are often the company behind the company,” explains Brent Newsome, CEO and President of NewPace. “Our software engineers and systems operators are integral in developing and operating software solutions for businesses that help them better service their clients. We specialize in making our customers look good to their customers.”

NewPace recently inked two deals with Business Development Bank of Canada (BDC) to secure up to $850,000 of funding. The funding supports the development and marketing of a new mobile software solution that NewPace will sell to global telecommunications operators. The software solution is based on the Rich Communications Suite (RCS-e) specifications, a newly adopted mobile global standard established by the GSM  (Global System for Mobile Communications)Association.

“The best way to describe RCS-e is an enhanced version of SMS messaging with the features of familiar PC-based Instant messaging services. The new standard provides integrated chat, video and photo sharing and allows users to seamlessly connect with their friends who are (and aren’t) on the same mobile carrier,” explains Gavin Murphy, Chief Technology Officer at NewPace.

He continues, “the first implementation is set to be rolled out in Europe in 2012 by five of Europe’s top carriers. The NewPace solution provides a cost-effective option for smaller carriers to be able to offer this service to their customers and continue to compete in the marketplace.”

In its final stages of product development, NewPace expects to continue adding to its forty-person technology team.

“We are one of a handful of companies developing in this space,” confirms Newsome. “It’s great to be able to offer our talented employees challenging projects to work in a cultural environment that is increasingly supportive of innovative technology companies.”

In addition to the RCS-e product, the team at NewPace continues to provide a wide range of software development, software quality assurance and high-tech consulting services for customers looking to improve their existing software, develop new innovated software applications, or build mobile applications.

About NewPace Technology Development

NewPace delivers cutting-edge software solutions in a variety of domains, including mobile applications for the enterprise and the Rich Communications Suite. Founded in 2009, the organization services a wide variety of global clients providing a stable secure environment and the expertise to delivery robust, high availability and scalable solutions. The team includes specialists in Android™, BlackBerry® and iOS™ platforms development; VoIP/SIP applications; graphic designers; software developers; quality assurance and operations specialists. To find out more about NewPace visit: www.newpace.com

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For more information, or to schedule interviews, please contact:

Christina Carew
Director of Communications
Christina.Carew@NewPace.com

M: 902-221-1927