Just who is Promeric?

Promeric Technologies Inc., or Promeric for short was founded in 1994 and is Canada’s leading provider of process management software for the insolvency industry. Its flagship software solution, Ascend, is used by the majority of Canadian bankruptcy trustee firms to process insolvencies in Canada and the Caribbean.

Promeric was purchased by FCT on November 30, 2010 and provides a platform that allows trustees to submit their collections/bankruptcies for estates online.

We are excited to be able to have the technology and the intellectual capital made available through Promeric that will allow us to provide an additional service to our customer base — a service that will increase efficiency within the insolvency process, both in Canada and abroad.

An exciting new partnership

Don MacLeod, senior vice-president at FCT explains the reasoning behind this acquisition:

“When we began our discussions with Promeric, it became apparent that we shared a vision of a highly automated end-to-end process. The acquisition of Promeric gives us a strategic advantage in the insolvency market by enabling increased efficiencies between disparate stakeholders in the insolvency process.

“Plus, with FCT as a partner, Promeric gains access to the resources and infrastructure that will accelerate their expansion both within Canada and internationally. This is win for Promeric; a win for FCT; and more importantly, a win for all of our customers.”

Promeric will continue to operate under the same name as a stand-alone business under the larger FCT umbrella of products and services.

If you would like to learn more about putting this partnership to work for you and your organization, leave a comment below.

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