Province gives Compusult $1-M boost

Rob Antle
Send to a friend

Send this article to a friend.

Local firm gets cash from aerospace and defence fund

A local information technology company is getting a $1-million boost from the provincial government.

Compusult Limited is receiving the cash from the aerospace and defence development fund. The 25-year-old company will use the money to expand into new areas of expertise.

"The funding from the province that we're now receiving will help jump-start that new development activity," Compusult president Barry O'Rourke told reporters Friday.

Compusult president Barry ORourke (left) speaks to the media following a news conference at The Fluvarium Friday. Business Minister Ross Wiseman (right) announced the company would receive $1 million. Photo by Keith Gosse/The Telegram

A local information technology company is getting a $1-million boost from the provincial government.

Compusult Limited is receiving the cash from the aerospace and defence development fund. The 25-year-old company will use the money to expand into new areas of expertise.

"The funding from the province that we're now receiving will help jump-start that new development activity," Compusult president Barry O'Rourke told reporters Friday.

The company is building on its flagship product, Web Enterprise Suite.

It is working to create an enhanced web-based system that allows defence agencies, and other users, to bring together data from many places and funnel it into one comprehensive picture.

"We provide the ability to take that information from different sources, organize it intelligently, draw out the information that people need to make intelligent decisions, and to respond to those situations," company vice-president Paul Mitten said.

Compusult counts among its clients the United States Department of Defense, United States Geological Survey and Australian Department of Defence.

The $1 million comes in the form of a non-repayable contribution from the Department of Business. It is the first cash dispersed from the aerospace and defence fund.

"Compusult has clearly demonstrated that they've been successful in the international marketplace, and I think this investment now helps pivot them into the next level," Business Minister Ross Wiseman said.

Wiseman said the industry hopes to triple the amount of activity in the province over the next five years.

"This fund was established to grow capacity in the aerospace and defence industry," Wiseman said. "It's a relatively new industry in the province."

Compusult employs more than 51 people at its head office in Mount Pearl and has another 24 working in Halifax, Ottawa and Washington.

O'Rourke said the company hopes to soon hire up to 20 more employees.

rantle@thetelegram.com

Organizations: Web Enterprise Suite, Department of Defense, Department of Defence Department of Business

Geographic location: United States, Mount Pearl, Halifax Ottawa Washington

  • 1
  • 2
  • 3
  • 4
  • 5

Thanks for voting!

Top of page

Comments

Comments

Recent comments

  • John
    February 05, 2014 - 19:04

    I think it is pretty cool that different companies are able to keep exploring space. I wish that I could go in space. I have always dreamed of that as a kid. I think it would be really cool to be able to do that. http://www.orlandoac.com/

  • Randy
    July 20, 2010 - 13:02

    Just another example of The Danny Williams corporate welfare gravey train..Poof goes my tax-dollar again while the unemployment rate contiues to rise

  • Dave
    July 20, 2010 - 13:02

    Try giveaway !

  • Bones
    July 20, 2010 - 13:02

    The haters sure pounced on this one, lol. What they don't realize is that Compusult has an existing package, already developed, that this money will allow expansion and further development to it. The company is a proven, successful company with a 25 year history in the province. It's locally owned, locally operated, and locally staffed. What in the heck do you guys want? Would more cucumbers do it for ya? If you ask me, it's about time local business, local ideas, and local staff benefit from cash boosts like this instead of always giving them to the flavor-of-the-week call center that hears about government money and shows up to get some. Compusult has been around for a long time....half of us bought dial-up from them back in the early internet days, ffs, lol.

  • S
    July 20, 2010 - 13:02

    One milliondollars for twenty jobs is fifty thou per job.

    Nice work if you can get it.

  • Mr. Soundoff
    July 20, 2010 - 13:02

    Nice to know what US Dept. of Defense contracts Compusult bid on. Imagine if it's some missile guidance system / mapping etc used to bomb villages? Is this what our tax payer money is being spent on? Telegram please investigate if possible.

  • David
    July 20, 2010 - 13:02

    Disgusting. Another million dollars of taxpayers' money to subsidize a bunch of free-loading enterprisers. Hypocrites. Scrap the stupid Department of Business and let private businesses do what they're always claiming they can do.

  • Hulk
    July 20, 2010 - 13:02

    Randy from nl writes: Just another example of The Danny Williams corporate welfare gravey train..Poof goes my tax-dollar again while the unemployment rate contiues to rise

    ---------------------------

    In the article it says: O'Rourke said the company hopes to soon hire up to 20 more employees

    I think hire means jobs buddy.

    It also says the Company has been around 25 years. From what I remember Consilient was a ACOA funded startup from the get go.

    Apples and Oranges. How much do the liberals pay you guys to post these lies?

    You guys are a bunch of Newfoundland Lobsters... nuff said.

  • Philosopher
    July 20, 2010 - 13:02

    Somebody in the head offices of Compusult must be in good with the provincial PC Party.

  • Jon
    July 20, 2010 - 13:02

    Randy from nl writes: Just another example of The Danny Williams corporate welfare gravey (sic) train..Poof goes my tax-dollar again while the unemployment rate contiues to rise

    From article: ...the company hopes to soon hire up to 20 more employees.

    Perhaps it is wise to read the entire article before making foolish comments.

  • Upalong
    July 20, 2010 - 13:02

    Hopefully this is not like another Consilient scam - sucking the government into giving them money with no realistic business plan. Why is the NL government so gullible?

  • David
    July 20, 2010 - 13:02

    Funding...Contribution. Those are the government's meaningless jargon.

    'Funding' means nothing...a more accurate and informative word would be one of the following: equity investment, line of credit, secured loan, unsecured loan, debenture, interest-free loan, non-repayable loan, grant, or gift.

    Stop giving money away and hiding the fact from us...start coming clean and treating us like children.

  • delair
    July 20, 2010 - 13:02

    incentive schemes like this attract hi-tek businesses to set up in NL - with them comes skills transfer and good paying jobs. A light aircraft manufacturer in S Africa are wanting to establish a factory in N America. I made them aware of the incentives NL offers. Not a scam or a ride on the gravy train - lets hope they and others like them come to NL

  • John
    July 20, 2010 - 13:02

    it's unfortunate that every government feels compelled to give away taxpayer money to private individuals, I never could understand it, at least the Williams gov. seems a little less loose with the cash than former liberal govs have been, you can kiss this money goodbye...the only hope is that buddy buys a luxury home, or car here before he closes down and moves to Florida.