LONDON, Ontario--(BUSINESS WIRE)--LBMX Inc., a leading provider of technology solutions for buying groups and purchasing cooperatives, announced today that it has opened a development office in Sault Ste. Marie, Ontario. From its new location at the Millworks - Centre for Entrepreneurship, the company will be creating a key product line for the e-commerce sector.
Over the past several months, LBMX has been working with staff from the City’s Economic Development division, Sault College and the Sault Ste. Marie Economic Development Corporation. The three organizations have provided the firm with assistance and guidance in setting up an office in the community.
“The buying group industry has reached an inflection point that requires setting the course towards creating more connected member experiences,” said Greg Dinsdale, President and CEO of LBMX. “We are delighted to establish a presence in Sault Ste. Marie for this is a community of talented people that we believe will help LBMX capitalize on this turning point. This team will be integral in the development of our next generation e-commerce platform which our buying group customers and their members are eagerly anticipating from LBMX.”
For Dan Hollingsworth, the City’s Director of Economic Development, seeing a new company set up in Sault Ste. Marie reinforces the fact that the community has competitive advantages and is a great place to do business. “Our staff have been working with LBMX for a while now, and it’s great to see this expansion to our community come to fruition,” he said.
These comments were echoed by Colin Kirkwood, Vice President, Academic and Research at Sault College. “We were pleased to hear of LBMX’s plan to open an office in Sault Ste. Marie, and we were honoured to support them throughout this process,” he said. “Our college looks forward to future collaborations with LBMX as the plan for a Sault Ste. Marie operation unfolds, and we congratulate the company on this milestone.”
About LBMX Inc.
LBMX is the leading provider of technology solutions for purchasing cooperatives and buying groups. These solutions comprise digital marketplaces, product information management (PIM), central and direct bill management, rebate and purchase analytics, and complete EDI services to assist members and groups to connect to their suppliers. LBMX is based in London, Canada and has customers throughout Canada, United States, United Kingdom, Australia and New Zealand.
About Sault College
The vision of Sault College is to provide a transformative life experience through empowering those who study with us to think and learn in progressive, innovative ways, including those we have not yet imagined. Sault College grants Ontario College certificates, diplomas, advanced diplomas, graduate certificates, and degrees to its graduates. The College is the largest deliverer of apprenticeship training in all of Northern Ontario. Sault College has a significant economic impact on the community, with spin-offs in excess of $158 million. Over $1.8 million dollars in scholarships, bursaries and awards are distributed annually to students at the College. Located on the border to the United States and situated in the middle of three of the largest Great Lakes on the planet, in the traditional territory of the Anishnaabe, Sault College is one of 24 publicly-funded colleges in the province of Ontario.
About Millworks – Centre for Entrepreneurship
In 2016, the Sault Ste. Marie Economic Development Corporation began a new approach to fully embrace the importance of small business through Millworks – Centre for Entrepreneurship. With support through the City of Sault Ste. Marie along with the Province of Ontario and the Federal government, a strong ecosystem of stakeholders and supporters has been created. This ecosystem has allowed Millworks to deliver programs and services to Sault Ste. Marie and the Algoma Region. Millworks provides individuals the access to tools, education, mentorship and networking opportunities, to assist with their sustainable development.