August 2, 2018 by Office of the Premier New Brunswick
August 2, 2018 – Lateetud Inc., a company in the robotic process automation sector, is opening an office in Fredericton and creating up to 30 jobs over the next four years.
“Creating job opportunities in emerging industries is at the heart of your government’s multi-year economic growth plan,” said Premier Brian Gallant. “Having an award-winning international robotics company like Lateetud choose Fredericton as a location is more evidence that New Brunswickers are working hard to have our province recognized around the globe as a hub.”
Lateetud implements robotic process automation using “software robots” and extends their capabilities to include machine learning, optical character recognition, text analytics, business process management, document management, and artificial intelligence. The company will hire software developers, designers, a sales and support team and a general manager.
Opportunities NB estimates that creating up to 30 jobs would contribute $7.4 million in direct GDP for the province over four years and would generate $510,000 in provincial income taxes over the same period.
To support the creation of these jobs, the company is eligible for an investment of up to $375,000 from Opportunities NB, which is a Crown corporation that works to attract and support opportunities to grow the economy and create jobs. It provides support services for businesses across New Brunswick.