21st Annual Outstanding Business Achievement Awards
Mariner's strategic partner Brovada Technologies, Inc. Wins The Emerging Enterprise Award


Saint John, NB - November 30 , 2005- The Saint John Board of Trade has announced the recipients of its 2005 Outstanding Business Achievement Awards. At its 21st awards dinner, Brovada Technologies Inc. was honoured with the award for Emerging Enterprise, and Fundy Engineering & Consulting Ltd. accepted the Entrepreneurial Achievement Award. In the Business Excellence category, the award went to ADI Limited.

The Board of Trade also presented silver and bronze awards in each of the award categories. In the Emerging Enterprise category, the silver award was presented to Claire Driscoll & Associates Inc. In the Entrepreneurial Achievement award category, silver was awarded to Millennium Mist Springs Ltd. and bronze went to Fitworks Equipment Ltd. The silver award in the Business Excellence category was given to T4G, with bronze awarded to CenterBeam Inc.

In the Emerging Enterprise category, Brovada Technologies took top honours. Founded in Halifax by Karl Greenlaw in February 2003 to develop software solutions for the auto financing sector, Brovada moved to Saint John in early 2004 and was one of the first four companies introduced by Propelsj in its Launch32 initiative aimed at creating 32 new ICT start-ups in Saint John within 36 months.

In early 2004, Brovada’s focus shifted to developing leading edge software products for the insurance industry to provide a seamless connection for insurance brokerages to synchronize their customer and policy data with their insurance carrier partners, with minimal re-keying of data and minimal changes to customers’ systems. Brovada also developed software which allows brokerages to offer and administer financing plans for insurance premiums. The company’s latest product - just being released - incorporates advanced web-based communications techniques to provide an estimated 20%-plus productivity improvement for insurance brokers, with minimal user training. Brovada’s clients now include some of the largest insurance companies and credit unions in Canada and one of largest insurance brokerages in the world.

The company has seen impressive sales growth since 2004, with 25% of its sales going to the US. Distribution partnerships have been established with an Ontario company focused on insurance clients, and a Saint John company for telecom clients and other vertical markets.

Employment has grown from four employees in 2004 to 19 today, with growth expected to continue. Fully half of Brovada’s new workforce is composed of newcomers and returnees to Saint John.


» Visit the Brovada Technologies website

» Visit the Saint John Board of Trade website