Field ID Receives BDC Financing to Accelerate Growth
Toronto - Nov. 15, 2011 - Field ID, the leading provider of cloud-based inspection and safety compliance management software, today announced new debt financing from the Business Development Bank of Canada (BDC). The funds will be used to further accelerate Field ID's revenue growth by supporting its sales and marketing effort.
"Field ID's innovative system is making rapid inroads among companies seeking modern and efficient safety compliance," says Enes Kula of the BDC's Subordinate Financing Group. "The financing we have provided will help Field ID expand market share even faster."
Field ID automates inspection and safety compliance management with sophisticated, yet simple-to-use safety inspection software. The solution, used by numerous companies throughout North America and overseas, combines electronic identification (RFID - Radio Frequency Identification - and barcodes) with mobile handheld devices and the Web to automate antiquated, paper-based processes. The benefits are greater efficiency and reliability in workplace safety and regulatory compliance.
"BDC's financing is helping us add more front-line salespeople and strengthen our marketing program," says Somen Mondal, CEO, Field ID. "We have a great product that has fast become the standard in industrial safety compliance. Thanks to BDC, we now have extra resources to take Field into market even more aggressively."
About Field ID
Field ID is the world's leading paperless safety compliance and inspection management system. The company's easy-to-use, cloud-based inspection software has revolutionized the way companies manage safety compliance, create safer workplaces, and improve quality assurance processes. Field ID combines web-based technologies with the power of mobile devices and electronic identification (RFID and barcodes) to improve the efficiency, reliability and reporting of workplace safety management. Manufacturers, distributors, third party inspectors and end users worldwide use Field ID to inspect facilities and equipment, improve training management, and track assets such as cranes, slings and harnesses. For more information, please visit http://www.fieldid.com.
Contact us at 416-599-6464 or 1-800-996-4797 toll-free in North America, or via email at firstname.lastname@example.org.
Canada's business development bank, BDC, puts entrepreneurs first. With almost 1,900 employees and more than 100 business centres across the country, BDC offers financing, subordinate financing, venture capital and consulting services to 29,000 small and medium sized companies. Their success is vital to Canada's economic prosperity.
For more information contact:
Hogarth Communications, for Field ID