Technology company sets up shop in Charlottetown

Teresa Wright
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Stephen Sweett, president of Buchanan Technologies Inc., chats with Don Hasey at the help desk. Buchanan Technologies Inc. has opened an office in Charlottetown and is projecting to create 46 jobs on the Island.

An I.T. company from Texas has opened an office in Charlottetown and expects to bring close to 50 jobs to the province.

Buchanan Technologies Inc. has already hired 10 information technology specialists and is projecting to create 46 jobs on the Island within the next three years.

Company president Stephen Sweet said there was a lot of competition for their business’ venture into the Maritimes, but they eventually chose Charlottetown after a careful and lengthy selection process.

It was the availability of skilled and bilingual workers in P.E.I. that helped make Charlottetown the top pick for Buchanan Technologies Inc. to set up shop.

“It’s important that we pick a community where the availability of overall talent is there, we’re not going to struggle as our customers’ needs grow, to bring new people in,” Sweet said.

The company will also benefit from the province’s Innovation and Development Labour Rebate. This could mean roughly $700,000 for the company in wage and salary rebates over five years if the projected 46 new jobs are created.

Office space at the Atlantic Technology Centre complete with furniture and technology equipment that allowed the company to launch its operations right away with little start-up costs was also a big bonus, Sweet added.

“We’re a services organization, so people are our most important assets and the quality of the people that we met through our selection process, the quality of the people we interviewed in our test interviews and the quality of people we were able to hire speak to the quality of the people we’ve hired here,” Sweet said.

“And we’re excited in terms of our community matters program to give back to the province, just as they’ve supported us.”

Innovation Minister Allen Roach said he was happy to welcome this company to P.E.I., as it provides a new opportunity for Islanders who work in the I.T. field more opportunities to for employment in the province.

“P.E.I. is proving to international technology companies that this is an ideal location for near-shore services,” Roach said.

The company will be hiring a range of technical specialist positions, including technical support, an MDM specialist, a network specialist, a security specialist, a desktop support specialist and administration.

Given that the company has already hired 10 people, Roach said he has confidence it will meet or exceed its hiring projections within the next three years.

“Buchanan Technologies’ commitment to P.E.I. and Islanders creates opportunity for educating young people who are interested in starting and growing their ICT (information and communications technology) careers here at home,” Roach said.

Buchanan Technologies provides both basic and advanced technology support to companies – everything from troubleshooting passwords and email access to more advanced monitoring of server environments, databases, mobility and desktops.

Charlottetown is one of seven offices operated by the company worldwide.

Organizations: Technologies Inc., Atlantic Technology Centre, ICT

Geographic location: Charlottetown, P.E.I., Texas Iceland

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Recent comments

  • hugh
    July 25, 2014 - 11:59

    that is approx. $ 15.000 per job, if they ever reach 46 employees obviously PEI was the biggest give away, the BS that PEI had a better bilingual workforce, is window dressing, considering the unemployment rate in N.B., a bilingual province.

  • Krista C
    July 24, 2014 - 13:19

    What ever happen to that Adepdio IT company that received over 800K free money a couple of years ago? How many jobs did they create? They're probably burnt through that cash in a year and nothing to show for it.

    July 24, 2014 - 10:10

    No one is saying that employees will get paid less when the free money runs out. There will be no jobs as the company will close just like all the others did when the free money stops coming.

  • voter
    July 24, 2014 - 09:31

    TFW'S will be needed

  • Sal
    July 24, 2014 - 07:23

    They are only here for the wage and rent subsidies. There is a high shortage of skilled IT workers on the island. Look at CGI and Mphasis. They can't find staff. As far as finding bilingual agents, good luck. This will only benefit people who want to come to Canada to get their citizenship at local tax payers expense.

    • Developer
      July 24, 2014 - 08:44

      CGI cant find anyone cause they pay below typical IT wages, that's why the only people working there are people who are actively looking elsewhere for jobs

  • don
    July 23, 2014 - 22:13

    how much is it costing the tax payers for these few jobs? and when the money runs out will they do like the rest jump ship and look for greener grass?

    • Fran
      July 24, 2014 - 06:48

      The article says they will get roughly 700k over 5 years from Innovation PEI. Find out how Innovation PEI gets their money and you'll find out how much it's costing tax payers. If you're concerned that once Innovation PEI's money runs out, that the employees won't get paid as much, I think that there are laws in place to prevent that.

    • John
      July 24, 2014 - 08:57

      It's called "Down Sizing"

    • reality
      July 24, 2014 - 19:01

      it says in the article - read before you open your mouth for your foot