MPAC Business Development Update

Pickering, ON, July 27, 2017 - Over the past 17 years the Municipal Property Assessment Corporation (MPAC) has been developing revenue streams, through commercial value-added products and services, which have had a major impact on reducing costs for assessment services to municipalities across Ontario.

Building on this success, MPAC is looking to expand its commercial offerings and to enter markets outside of Ontario and Canada.  The international market has demonstrated great interest in MPAC’s technology and property valuation expertise.

In order to explore growing these new revenue streams to offset costs for Ontario municipalities, MPAC has recently entered into an international commercialization agreement with Axilogic. This Canadian firm will provide MPAC with the global business development, client engagement and solution design and delivery expertise that MPAC requires to successfully market MPAC’s patented Valuation as a Service (VaaS) platform internationally.

About MPAC

The Municipal Property Assessment Corporation (MPAC) is an independent, not-for-profit corporation, responsible for assessing and classifying more than five million properties in Ontario in compliance with the Assessment Act established by the Government of Ontario.

MPAC also provides products and services such as propertyline™, a secure e-commerce solution for property information, to a number of sectors including banks, mortgage firms and other assessment jurisdictions.

About Axilogic

Axilogic Assessment Corporation was established in 2017 and is a wholly-owned subsidiary of Axilogic Inc., a Canadian investment holding company that develops, acquires, licenses and represents disruptive technologies in mature international markets and emerging countries, in a manner that develops significant social, economic and institutional dividends.

Contacts

Municipal Property Assessment Corporation

Media 
Cathy Ranieri Sweenie
Director, Public Affairs
cathy.ranieri-sweenie@mpac.ca

International Business Development
Antoni Wisniowski
905-837-6150
antoni.wisniowski@mpac.ca

Axilogic Assessment Corporation

Media
Michael C. Chettleburgh
Co-Founder and President
416-568-2564
michael.chettleburgh@axilogic.com

Business Development
John Psihos
Co-Founder and CEO
647-280-1493
john.psihos@axilogic.com

Note: The applicable law prevails to the extent there is any conflict between this information and the current law. This information is not intended to provide legal advice and should not be relied upon as such.