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Debt Collection Software Market to Grow by USD 2.31 Billion (2024-2028), Driven by Rising Non-Performing Loans (NPLs), with AI Driving Market Transformation – Technavio

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NEW YORK, Nov. 19, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global debt collection software market size is estimated to grow by USD 2.31 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 8.92% during the forecast period. Rise in non-performing loans (npls) is driving market growth, with a trend towards integration of advanced technologies in debt collection software. However, high cost of debt collection software poses a challenge.Key market players include AgreeYa Solutions Inc., Analog Legalhub Technology Solutions Pvt. Ltd., CDS Software, Chetu Inc., Comtech Systems Inc., Comtronic Systems LLC, DAKCS Software Systems Inc., Debt Pay Inc., DebtCol Software Pty. Ltd., Debtrak, Experian Plc, ezyCollect Pty. Ltd., Fair Isaac Corp., Fidelity National Information Services Inc., Gaviti Akyl Ltd., Indigo Cloud Ltd., MarketXpander Services Pvt. Ltd., Nestack Technologies Pvt. Ltd., PDCflow, PrimeSoft Solutions Inc., Quantrax Corp. Inc., Radixweb, receeve GmbH, Sila Inc., Totality Software Inc., A4dable Software, Ameyo Pvt Ltd., DBA PaySimple Inc., and Simplicity Collection Software.

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Debt Collection Software Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 8.92%

Market growth 2024-2028

USD 2.31 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.48

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

APAC at 31%

Key countries

US, Japan, China, Germany, and UK

Key companies profiled

AgreeYa Solutions Inc., Analog Legalhub Technology Solutions Pvt. Ltd., CDS Software, Chetu Inc., Comtech Systems Inc., Comtronic Systems LLC, DAKCS Software Systems Inc., Debt Pay Inc., DebtCol Software Pty. Ltd., Debtrak, Experian Plc, ezyCollect Pty. Ltd., Fair Isaac Corp., Fidelity National Information Services Inc., Gaviti Akyl Ltd., Indigo Cloud Ltd., MarketXpander Services Pvt. Ltd., Nestack Technologies Pvt. Ltd., PDCflow, PrimeSoft Solutions Inc., Quantrax Corp. Inc., Radixweb, receeve GmbH, Sila Inc., Totality Software Inc., A4dable Software, Ameyo Pvt Ltd., DBA PaySimple Inc., and Simplicity Collection Software

Market Driver

The Debt Collection Software market is witnessing significant trends, including automation, multichannel communication, and affordability for organizations of all sizes. Large enterprises segment seeks economies of scale through deployment of advanced debt collection solutions. Services and solutions segments dominate, offering debt collection services and modern applications for effective loan recovery. Implementation of debt collection software involves business-specific needs, training, and implementation work. Legacy systems are being replaced with modern applications for productivity and effective debt recovery. Borrower data, overdue invoice reminders, phone calls, and online payment collection are essential components of the debt collection ecosystem. Banks and financial organizations prioritize debt collection journeys and money collection process, addressing complexities through automation, notifications, alerts, and compliance with consumer protection laws and debt collection regulations. Costs, bankruptcy status, and litigious consumers pose challenges. InterProse Corporation’s InterProse ACE offers debt collection software for government organizations, with components including text messaging, voice mail drops, dialers, and compliance with debt collection regulations. Deployment options include on-premises and cloud-based, catering to enterprise size. 

The debt collection software market is undergoing a transformation through the integration of advanced technologies such as artificial intelligence (AI), machine learning (ML), and data analytics. These technologies are streamlining debt collection processes by enhancing decision-making capabilities, automating repetitive tasks, and improving overall efficiency. AI specifically, is revolutionizing the financial industry by enabling automated decision-making processes, predictive analytics, and personalized customer interactions. For instance, AI algorithms analyze historical debtor data to forecast payment behaviors and suggest tailored collection strategies, resulting in more effective interventions. This technological integration is a game-changer for the debt collection industry. 

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Market Challenges

The Debt Collection Software market faces challenges in automating debt collection processes for organizations, particularly in the large enterprises segment. Affordability and economies of scale are key considerations, as debt collection software solutions must effectively meet business-specific needs without straining budgets. Automation of loan recovery processes, online payment collection, and multichannel communication are essential for productivity and effective debt recovery. Services and solutions segments offer debt collection services and deployment of software for organizations. Debt collection journeys include overdue invoice reminders, phone calls, text messaging, voice mail drops, and dialers. Borrower data, debt collection regulations, bankruptcy status, and litigious consumers add complexities to the debt collection ecosystem. InterProse Corporation’s InterProse ACE software addresses these challenges with automatic monitoring, notifications, and alerts. Deployment options include on-premises and cloud-based solutions, catering to various enterprise sizes. Training and implementation work are crucial for successful deployment and integration with core business systems, such as legacy systems and modern applications. Consumer protection laws and debt collection regulations must be adhered to, ensuring compliance and effective debt collection. Costs, productivity, and effective debt recovery are the primary objectives for financial and banking organizations. The debt collection software market continues to evolve, providing innovative solutions to streamline the money collection process.The debt collection software market is facing a significant challenge due to the high cost of the software. This issue poses a barrier for smaller debt collection agencies and businesses with limited financial resources, potentially reducing competition and increasing prices for consumers. The average cost of the software ranges from USD480 to USD1200 yearly per user, with enterprise solutions costing more based on specific requirements. This high expense can hinder market growth and limit access to effective debt collection solutions for many organizations.

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Segment Overview

This debt collection software market report extensively covers market segmentation by

Deployment1.1 On-premises1.2 Cloud-basedIndustry Application2.1 Small and medium enterprises2.2 Large enterprisesGeography3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 On-premises- On-premises debt collection software solutions hold a substantial position in the global debt collection software market, addressing the demands of businesses that value internal infrastructure management, data security, and customizability. These software solutions are installed and operated within an organization’s premises, granting users a significant degree of autonomy over their debt collection operations. Large enterprises, particularly those in regulated industries like finance and healthcare, prefer on-premises debt collection software to safeguard sensitive debtor information and adhere to stringent data privacy regulations. Companies such as DAKCS Software Systems Inc. (DAKCS) provide tailored on-premises debt collection solutions, catering to the unique security and regulatory needs of large enterprises. This level of customization is particularly appealing to complex debt collection operations within large enterprises. On-premises debt collection software enables organizations to maintain full control over their data and operations, which is essential for large enterprises adhering to strict IT policies and security protocols. Providers like CDS Software offer extensive on-premises debt collection software, empowering large enterprises to manage their debt collection processes while ensuring data security and integrity. The need for direct control over data and operations, combined with the ability to customize software to align with specific business processes, is expected to fuel the growth of the on-premises segment in the global debt collection software market.

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Research Analysis

The Debt Collection Software market is witnessing significant growth due to the automation of debt collection processes, providing large enterprises with economies of scale and affordability. This market caters to both services and solutions segments, offering debt collection services and software solutions to organizations. The deployment of debt collection software streamlines the loan recovery process, enabling effective communication through multichannel methods. Borrower data management is crucial, and these systems provide features like overdue invoice reminders, phone calls, and online payment collection. Banking and financial organizations benefit greatly from these solutions, increasing productivity and improving the effectiveness of debt recovery. However, implementing debt collection software comes with complexities, including business-specific needs, training, and implementation work. Legacy systems and modern applications must be considered during strategy development. The debt collection ecosystem requires a well-thought-out plan for successful implementation.

Market Research Overview

The Debt Collection Software market is witnessing significant growth due to the automation of debt collection processes, which helps organizations streamline their loan recovery process and improve productivity. The large enterprises segment is a major contributor to the market’s growth, as they can leverage economies of scale and affordability. The market offers both solutions and services segments, with debt collection services being a popular choice for organizations seeking expert assistance in managing their debt collection journeys. The deployment of debt collection software involves careful strategy and implementation, taking into account business-specific needs and the complexities of the debt collection ecosystem. Modern applications replace legacy systems, offering online payment collection, overdue invoice reminders, and multichannel communication options like phone calls, text messaging, voice mail drops, and dialers. Implementation work includes training and adherence to debt collection regulations, consumer protection laws, bankruptcy status, and litigious consumers. The market caters to banking organizations, financial institutions, government organizations, and other entities, providing effective debt recovery and cost savings through automatic monitoring, notifications, and alerts.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

DeploymentOn-premisesCloud-basedIndustry ApplicationSmall And Medium EnterprisesLarge EnterprisesGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Benzinga Announces Winners for the 2024 Global Fintech Awards

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NEW YORK, Nov. 19, 2024 /PRNewswire/ — Benzinga, the leading financial media platform for next-generation investors, is thrilled to announce the winners and runners-up of its 10th annual Benzinga Global Fintech Awards. The prestigious event, held at Convene Brookfield Place in New York City, celebrated innovation, excellence, and outstanding achievements across over 25 categories, recognizing companies and individuals who are shaping the future of financial technology.

“This year’s finalists and winners embody the transformative power of fintech innovation,” said Jason Raznick, Founder of Benzinga. “We are proud to honor the brightest minds and most innovative companies in the fintech industry. Their contributions are driving significant advancements and shaping the future of finance.”

Lifetime Achievement Award

Winner: Anthony Pompliano

Best of Awards

Best Alternative Investments Platform

Winner: Arrived HomesRunner-Up: Groundfloor: Fractionalized Retail Investing

Best API Solution

Winner: Polygon.ioRunner-Up: DriveWealth

Best Automated Trading Software

Winner: TickblazeRunner-Up: AlgoBulls

Best Broker for Sophisticated Traders

Winner: AlpacaRunner-Up: TradeStation

Best Brokerage App

Winner: WebullRunner-Up: TradeStation

Best Brokerage for Beginners

Winner: StashRunner-Up: eToro

Best Brokerage for Day Trading

Winner: TradeUpRunner-Up: Moomoo

Best Brokerage for Forex in the US

Winner: Trading.comRunner-Up: IBKR

Best Brokerage for Options Trading

Winner: IBKRRunner-Up: Firstrade

Best Brokerage for Short Selling

Winner: TradeZero Holding Corp.Runner-Up: IBKR

Best Brokerage for Trading Futures

Winner: EdgeClearRunner-Up: NinjaTrader

Best Canadian Brokerage

Winner: QuestradeRunner-Up: Qtrade Direct Investing

Best Data Analysis Tool

Winner: Northern Trust Investment Data Science – Equity Data ScienceRunner-Up: PitchBook

Best Day Trading Software

Winner: IBKRRunner-Up: Tickblaze

Best ETF Launch

Winner: iShares Bitcoin TrustRunner-Up: Xtrackers U.S. National Critical Technologies ETF (CRTC)

Best Financial Literacy Tool

Winner: Financial FinesseRunner-Up: MoneyLion Digital Financial Ecosystem

Best Financial Planning Software

Winner: Asset-MapRunner-Up: Origin

Best Financial Research Company

Winner: Toggle AIRunner-Up: EPSMomentum

Best in Financial Education

Winner: Options Industry CouncilRunner-Up: TradeStation

Best Insurtech Company

Winner: infineoRunner-Up: Mylo

Best Investment Research Tech

Winner: Trading CentralRunner-Up: Outprfrm

Best Lending Solution

Winner: Pagaya TechnologiesRunner-Up: Prosper

Best Matching Engine

Winner: Devexperts’ DXmatchRunner-Up: EP3 by Connamara Technologies

Best New Product

Winner: FrecRunner-Up: SoFi Alternative Investments

Best Paper Trading Platform

Winner: TradeZero Holding Corp.Runner-Up: Charles Schwab

Best Payments Solution

Winner: Modern TreasuryRunner-Up: Aeropay

Best Portfolio Tracker

Winner: Delta Investment TrackerRunner-Up: TradeZella

Best Prop Trading Platform

Winner: IBKR

Best RegTech

Winner: Green CheckRunner-Up: Kore

Best Robo-Advisor

Winner: WealthfrontRunner-Up: Titan

Best Social Investing Platform

Winner: Parrot FinanceRunner-Up: Traderverse

Best Software for Longterm Cryptocurrency Investments

Winner: Path CryptoRunner-Up: iTrustCapital

Best Software for Swing Trading

Winner: Autochartist Automatic Trade IdentificationRunner-Up: WealthCharts

Best Software for Trading Cryptocurrency

Winner: Devexperts’ DXtrade

Best Trading Technology

Winner: GTNRunner-Up: Tickblaze

Best Venture Capital Firm

Winner: Tribe CapitalRunner-Up: BankTech Ventures

Breaking Barriers

Winner: GotradeRunner-Up: Apex Trader Funding

Emerging InsurTech

Winner: AspidaRunner-Up: TruStage Payment Guard

Institutional Innovation

Winner: Tipigo InsightsRunner-Up: Quinn

Most Innovative ETF Company

Winner: StockSnips

Most Innovative in Capital Markets

Winner: GTNRunner-Up: OpenYield

Most Impactful Fintech Executive

Winner: Anthony Denier

Peoples Choice

Winner: NVSTly: Social Investing

Chairman’s Awards

Chairman’s Awards: Best AI Analysis Tool

Winner: True Trading Group

Chairman’s Awards: Best AI Chat API

Winner: FinChat

Chairman’s Awards: Best AI Finance Start-up

Winner: WNSTN.ai

Chairman’s Awards: Best AI Research Platform

Winner: Quasar Markets

Chairman’s Awards: Best AI Tool for Software Performance

Winner: TurinTech AI

Chairman’s Awards: Best Backtesting Software

Winner: FX Replay

Chairman’s Awards: Best Fraud Prevention Solution

Winner: ID Dataweb

Chairman’s Awards: Best Gold Broker

Winner: MultiBank Group

Chairman’s Awards: Best Hybrid Trading Solution

Winner: Tickblaze

Chairman’s Awards: Best In Customer Loyalty

Winner: Kartera

Chairman’s Awards: Best Shareholder Engagement Platform

Winner: Tiicker

Chairman’s Awards: Best Stock Scanner

Winner: WealthCharts

Chairman’s Awards: Excellence in Democratizing Options Trading

Winner: SensaMarket

Chairman’s Awards: Excellence in Futures Education

Winner: NinjaTrader

Chairman’s Awards: Excellence in Futures Prop Trading

Winner: Apex Trader Funding

Chairman’s Awards: Excellence in Holistic Trading Education

Winner: Piranha Profits

Chairman’s Awards: Most Innovative Leveraged Issuer

Winner: Microsectors

Chairman’s Awards: Most Innovative Options Brokerage

Winner: Tradier

Chairman’s Awards: Most Innovative Prop Trading Firm 2024

Winner: For Traders

Chairman’s Awards: Best Software for Trading Futures

Winner: Optimus Futures

About Benzinga Fintech Deal Day & Awards 2024:

The Benzinga Fintech Deal Day & Awards celebrate excellence across the fintech industry, honoring the companies, executives, and platforms that are shaping the future of finance. With networking opportunities, panel discussions, and a prestigious awards ceremony, the event provides an unparalleled platform for deal-making and collaboration.

For more information about the winners or to learn more about future events, visit Benzinga Events.

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Plug and Play announces expansion into Seattle along with Partnership with SBI Holdings and SNBL and Future Participation as co-GP in SBI US Gateway Fund

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The partnership comprises the establishment of Plug and Play Seattle with SBI Holdings and SNBL as the Founding Anchor partners and Plug and Play’s future participation as co-GP in the $40M SBI US Gateway Fund

Plug and Play expands presence to Seattle, Washington, in strategic collaboration with SBI Holdings and SNBL to foster innovation and early-stage investment

SEATTLE, Nov. 19, 2024 /PRNewswire/ — Plug and Play, the world’s leading innovation platform based in Silicon Valley that connects startups, corporations, venture capital firms, universities, and government agencies, announced today a strategic collaboration with SBI Holdings, Inc., and SNBL to establish Plug and Play’s first presence in the Greater Seattle Region. The expansion includes two new offices in the region, with locations at the SNBL Global Gateway (SGG) business incubation facility in Everett, WA, and at CoMotion Labs technology incubator on the University of Washington’s (UW) Seattle campus, aiming to drive regional innovation and support early-stage startup growth.

This collaboration not only marks Plug and Play’s entry into the Seattle area but also includes Plug and Play’s participation as co-General Partner (co-GP) for the newly launched SBI US Gateway Fund. The $40 million fund established by SBI and SNBL focuses on early-stage startups in North America with promising advancements in sectors such as artificial intelligence, advanced manufacturing, climate technology, supply chain, and healthcare, including biotechnology and drug research and development. Through its co-GP role, Plug and Play will leverage its extensive global network and innovation expertise to guide and support portfolio companies, providing strategic growth opportunities and strengthening investment outcomes.

Strengthening the U.S.-Japan Innovation Pipeline
The launch of the SBI US Gateway Fund is a significant step in connecting North American startups with key investment and partnership opportunities from Japan. With this partnership, Plug and Play, SBI, and SNBL aim to create synergies between the U.S. startup ecosystem and Japanese investors, fostering long-term growth and sustainability in cutting-edge fields. The fund’s operations will benefit from Plug and Play’s expansive reach across five continents and its experience in corporate innovation and startup acceleration.

“We are thrilled to bring Plug and Play’s innovation platform to Seattle in partnership with SBI Holdings, SNBL, and the University of Washington,” said Saeed Amidi, Founder & CEO at Plug and Play. “The Pacific Northwest is home to a dynamic and rapidly growing tech ecosystem, and we are excited to contribute to this community by supporting the next generation of innovative companies.”

Yoshitaka Kitao, Representative Director, Chairman, President & CEO from SBI Holdings, stated, “This collaboration with Plug and Play and SNBL represents a major milestone in our commitment to fostering innovation and supporting transformative startups. By connecting Japanese investment with North American innovation, we are creating a unique bridge that will empower startups with not only capital but also strategic guidance and industry connections. Together, we are shaping the future of technology and healthcare advancements.”

Ryoichi Nagata, Representative Chairman, President & CEO from SNBL stated, “We are excited to join forces with Plug and Play and SBI Holdings in this groundbreaking collaboration. Through the combined strengths of our organizations, we aim to build a robust platform that will enhance our ability to support startups and innovation utilizing the SNBL Global Gateway business incubation facility. This strategic alliance enables us to leverage our respective expertise and extensive networks, creating unparalleled opportunities for growth and advancement on a global scale.”

This new collaboration between Plug and Play, SBI, SNBL, and UW will provide startups with capital and access to a unique blend of corporate innovation resources, strategic advisory services, and a wide network of industry leaders across key sectors. These resources are expected to amplify the value and growth of portfolio companies in the SBI US Gateway Fund, setting a strong foundation for sustainable innovation and development.

Plug and Play x SNBL Global Gateway (SGG) (Everett, WA)
SBI has partnered with SNBL, the largest non-clinical contract research organization in Japan, to operate an accelerator program and SBI US Gateway Fund at SGG business incubation facility in Everett, WA. Plug and Play plans to use the SGG business incubation facility as a hub to operate their accelerator programs.

Plug and Play x CoMotion Labs (Seattle, WA)
Plug and Play, SBI, and SNBL have agreed to partner with the University of Washington’s CoMotion Labs to help foster the startup ecosystem in the Seattle area and on campus. CoMotion Labs provides a multi-industry incubation environment for early-stage startups. While preference is given to UW spinoffs, CoMotion Labs also accepts startups from outside the UW community. From critical infrastructure to learning, mentoring, and networking, CoMotion Labs nurtures and enables success and helps startups grow without taking equity or IP.

To learn more about Plug and Play Seattle, visit https://www.plugandplaytechcenter.com/locations/seattle.

About Plug and Play
Plug and Play is the leading innovation platform connecting startups, corporations, venture capital firms, universities, and government agencies. Headquartered in Silicon Valley, we’re present in 60+ locations across five continents. We offer corporate innovation programs and help our corporate partners in every stage of their innovation journey, from education to execution. We also organize startup acceleration programs and manage over $1 billion in AUM across our funds, driving innovation across multiple industries where we’ve invested in hundreds of successful companies, including Dropbox, PayPal, Guardant Health, Honey, N26, Rappi, Turing, and more. For more information, visit https://www.plugandplaytechcenter.com/.

About SBI Holdings
Established in 1999 as a pioneer of Internet-based financial services in Japan, the SBI Group is a comprehensive Internet financial group that operates globally, encompassing five core businesses: “Financial Services Business,” such as securities, banking and insurance businesses; “Investment Business,” which is engaged in private equity investment including venture capital investment; “Asset Management Business,” that provides various asset management related services; “Crypto-asset Business,” which operates crypto asset trading and exchange services; and “Non-financial Business,” which includes business activities related to biotechnology, healthcare and medical informatics, Web3, and new overseas markets. For more information, please visit https://www.sbigroup.co.jp/english/.

About SNBL
Shin Nippon Biomedical Laboratories, Ltd. (SNBL) is the largest and the oldest non-clinical contract research organization in Japan, with a strong focus on supporting the growth and development of the global biotechnology and drug discovery ecosystem. Founded in 1957, SNBL provides comprehensive services ranging from translational research (TR) to contract research and Medipolis, a unique blend of biomedical facilities. Headquartered in Kagoshima, Japan, SNBL is dedicated to advancing innovation in biotechnology and healthcare through its partnerships, research, and support of new and groundbreaking therapies. For more information, visit https://en.snbl.com/.

Media Contacts

Plug and Play Media Relations
Jacky Tsang
press@pnptc.com

SBI Holdings, Inc. Corporate Communications Dept.
Tel: +81 3 6229-0126

SNBL IR & Corporate Communications
ir@snbl.com

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Invitation to Tecsys’ Conference Call on December 5, 2024, Covering Second Quarter FY2025 Results

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MONTREAL, Nov. 19, 2024 /CNW/ — Tecsys Inc. (TSX: TCS) will release its financial results for the second quarter of fiscal year 2025 ended October 31, 2024, on December 4, 2024, after the markets close. Tecsys President and CEO Peter Brereton, and CFO Mark J. Bentler, will host a conference call on December 5, 2024, at 8:30 a.m. ET to present and discuss the results with the analysts.

Subject: Q2 FY2025 Financial Results Conference Call
Date: December 5
Time: 8:30 a.m. ET
Phone number: 1-800-836-8184 or 1-646-357-8785

The call can be replayed until December 12, 2024, by calling 1-888-660-6345 or 1-646-517-4150 (access code: 91117 #).

About Tecsys

Tecsys is a global provider of advanced supply chain solutions. With a commitment to innovation and customer success, the company equips organizations with the essential software, technology and expertise needed for operational excellence and competitive advantage. Its cloud solutions serve a diverse range of industries, including healthcare, distribution and converging commerce, across multiple complex, regulated and high-volume markets. Built on the Itopia® low-code application platform, Tecsys’ offerings include enterprise resource planning, warehouse management, consolidated service management, distribution and transportation management, supply management at the point of use and order management solutions. Tecsys provides critical data insights and control across the supply chain, ensuring that organizations are agile, responsive and scalable.

Tecsys is publicly traded on the Toronto Stock Exchange under the ticker symbol TCS. For more about Tecsys and its solutions, please visit www.tecsys.com.

Forward Looking Statements

The statements in this news release relating to matters that are not historical fact are forward-looking statements that are based on management’s beliefs and assumptions. Such statements are not guarantees of future performance and are subject to a number of uncertainties, including but not limited to future economic conditions, the markets that Tecsys Inc. serves, the actions of competitors, major new technological trends, and other factors beyond the control of Tecsys Inc., which could cause actual results to differ materially from such statements. More information about the risks and uncertainties associated with Tecsys Inc.’s business can be found in the MD&A section of the Company’s annual report and the most recently filed annual information form. These documents have been filed with the Canadian securities commissions and are available on our website (www.tecsys.com) and on SEDAR+ (www.sedarplus.ca).

Copyright © Tecsys Inc. 2024. All names, trademarks, products, and services mentioned are registered or unregistered trademarks of their respective owners.

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