Facts
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  Establised: 1984  
  Status: Revenue  
  Revenue: $10.6 million  
     
  Products:  
    FreeBalance eGrants™  
    FreeBalance eFinancials™
 
    FreeBalance Foundation™
 
    FreeBalance Purchasing™  
    FreeBalance Revenue™

 
    FreeBalance Assets™  
    FreeBalance Forms™  
       
  Competitors:  
    Agate  
    AMA  
    Bamboo Solutions  
   

Infoterra

 
STR LLC
  Clients:  
   
Centers for Disease Control
 
   
Centers for Medicare and Medicaid
 
   
Canada Economic Development
 
   
US Dept of Transportation
 
    U.S. Dept of the Army  
   
U.S. Dept of Education
 
   
Government of Canada
 
   
State of California
 
   
New York State
 
   
Government of Kosovo
 
   
Transitional Islamic State of Afghanistan
 
    Fiscal Authority of East Timor  
       
  Investors:  
    FreeBalance Employees  
    TechnoCap  
Innovatech Grand Montréal
MM Venture Partners
 
Overview
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FreeBalance helps governments around the world leverage robust Government Resource Planning (GRP) technology to accelerate country growth. FreeBalance software solutions for public financial and human resource management support reform and modernization to improve governance, transparency and accountability. Good governance is required to improve development results. Founded in 1984, FreeBalance is a for-profit-social-enterprise (FOPSE) company headquartered in Ottawa, Canada, with sales and support offices in Washington, DC (United States), Lima (Peru), Lisbon (Portugal), London (Great Britain), Pristina (Kosovo) and St. John (Antigua and Barbuda). FreeBalance solutions have been implemented in countries across the globe, including Canada, United States, Sierra Leone, Guyana, Pakistan, Mongolia, Afghanistan, Antigua & Barbuda, Timor-Leste, Republic of Kosovo, Palestine, Panama, and Uganda. For more information, visit www.freebalance.com.


Market Opportunities
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The market opportunity for software for Public Financial Management software is robust and growing. FreeBalance has achieved recognition and credibility within the narrow but influential International Public Financial Management community. FreeBalance will achieve broader recognition by 2011 among computer and financial analysts, social networking gurus, and corporate social responsibility networks. FreeBalance will be established as the leader in Government Resource Planning (GRP). The company will access additional markets including more developed countries.


Key Personnel
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Manuel Pietra - President & CEO
Don Gibbons - Chief Financial Officer
José Saldanha, Vice President, Research & Development
Doug Hadden, Vice President, Products
Suanne Dorion, Vice President, Operations
Matthew Olivier, Director, Global Marketing & Alliances
Gerard Rao, Director, Customer Satisfaction
Carol Tracey, Director, Human Resources


Directors
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Marc BaleviTechnoCap, Formerly Partner at KPMG
Claude Vachet, Managing Partner, Kirchner Investment Management
Manuel Schiappa Pietra, President & CEO FreeBalance


 
   
  1101 Prince of Wales Drive
Suite 210
Ottawa, Ontario
Canada K2C 3W7
www.FreeBalance.com
   
 
drag your mouse over photo for resume

Bruce Lazenby
President &
CEO
 

blazenby@FreeBalance.com

   

Phone:
Fax:

613-236-5150
613-236-7785

   
 
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