DOVICO Software and SR&ED ONE Announce Partnership Agreement

Moncton NB and Markham ON, August 14, 2012

DOVICO Software and SR&ED ONE are announcing today a partnership agreement that will help companies that invest in innovation and research and development comply with the strict documentation requirements of Canada’s $4 Billion a year Scientific Research & Experimental Development (SR&ED) tax credit.

The SR&ED (Scientific Research & Experimental Development) program is a federal tax incentive designed to encourage innovation and is open to all companies operating in Canada.

“The type of work that qualifies for this tax credit is broad. And by using both DOVICO time tracking software's inherent SR&ED reporting capabilities and SR&ED ONE's knowledge and expertise, Canadian businesses of all sizes can benefit. There is so much common ground when you analyze our companies’ current and potential customer base." said Kevin Aucoin, Business Development Executive at DOVICO. "SR&ED ONE has the reputation as well as the skills to navigate the intricacies of Canada's SR&ED tax program and we have the software that easily and efficiently gathers the time data required to substantiate the claims."

“In our pursuit to help our clients file claims that are compliant with the program’s guidelines and requirements, we recognize the importance of having a robust and non-intrusive time-tracking system created to help capture SR&ED activities, which is why we chose to partner with DOVICO Software,” explains Danny Ladouceur, Principal & Co-Founder. “Their flexible system, which is serving clients in 72 countries, is already used by many high profile companies such as Bayer, Vodafone, Pitney Bowes, and Allianz.”

This agreement will see each company inform their existing and future customers about the products and services available from the other company via webinars, e-mail and website promotions.

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About DOVICO Software

As a leading developer of Time Management Software, DOVICO Software provides proven time and cost saving solutions that have been embraced by thousands of the world's best known companies such as Wawanesa Insurance, National Geographic, McAfee Inc. and Microsoft.  Established in response to the emerging global demand for enhanced operating efficiency, our easy-to-use web based timesheet for Employee Time Tracking and Expense Management Software improves employee efficiency, staff productivity, project control and increases profitability in 60 days... We Guarantee It!

About SR&ED ONE, a division of Ideacia ONE Inc.

SR&ED ONE is the premier full service SR&ED firm serving clients of all sizes from diverse industries. Our team of professional consultants that cover all fields of science and finance, deliver quality results using our proven methodology, which has earned us a solid reputation with CRA. We also provide IRAP and Media Tax Credit claim preparation to our clients as an added value service. We also offer free on-site eligibility assessments. For more information, visit us at or call us at 1.877.266.0005.

© DOVICO Software Inc.

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