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Compugen Investing in an Indigenous IT Business

Posted November 21 2019 in Announcements

FoxWise Technologies Inc. and Compugen Inc. announce a strategic investment by Compugen in FoxWise


Compugen acquires a minority interest in long-running Indigenous IT company

Ottawa, Ontario and Richmond Hill, Ontario—21 November 2019:  Today, FoxWise Technologies Inc., one of Canada’s premiere Indigenous IT firms, and Compugen Inc., a Richmond Hill, Ontario based IT solution provider, are pleased to announce a strategic investment by Compugen in FoxWise.

Sam Damm, FoxWise Founder and President, said, “I am pleased to announce our strategic partnership with Compugen.  Throughout the years, Compugen has built a strong reputation for providing practical IT solutions that simplify the challenges and complexities in Canada’s ever-evolving IT landscape. In addition to providing world-class solutions, Compugen is focused on job creation and training. They have leveraged their skills and knowledge while celebrating a diverse workforce in communities across Canada. Their commitment to local engagement, while developing an all-inclusive workforce, highlights synergy with FoxWise. I believe this partnership will enhance the scope of our service offerings while broadening Compugen’s client base.

According to Harry Zarek, President and CEO, Compugen Inc., “IT spending in Canada is almost $90B annually. It is one of the growth engines of the Canadian economy. Indigenous companies should have more opportunities to serve a broader market with state-of-the-art solutions. This investment involves working with FoxWise to support their ambitious customer service objectives.  Sam Damm has a remarkable vision of how he wants FoxWise to achieve the goals of developing an Indigenous workforce to bring high-quality jobs and top-notch IT solutions to his customers. The relationship with Compugen will allow FoxWise to expand its services capabilities beyond the public sector and allow the company to engage with Canadian organizations that have a commitment to broadening the engagement of Indigenous companies in our economy.

About FoxWise Technologies Inc.

Founded in 2000 and headquartered in Canada’s National Capital Region, FoxWise is an Indigenous-owned IT solutions and service provider. FoxWise aims to provide IT services to all levels of government and to First Nations, Inuit and Métis communities. As an Indigenous-owned company, FoxWise prides itself on working with indigenous communities and public sector organizations to build local workforces with technical savvy to strengthen and connect those communities with the opportunities and services they need to flourish.

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