July 18, 2022
Intelivote Systems Inc., a Dartmouth, Nova Scotia-based company providing electronic voting services to unions, associations, political parties, municipal and provincial governments, and federal government agencies, obtained protection under the CCAA on July 14. In contrast to other companies in the electronic voting industry, Intelivote does not sell electronic voting hardware and software or voting machines and tabulators, and its work is project-based and depends on election cycles. All of the company’s debt is quite old as it was incurred around the time when the company was started in 2003, when electronic voting technology was in its infancy. Intelivote raised debt financing with hopes of developing innovative technology to capitalize on the change in the election voting from a paper-based process to electronic voting methods. However, the company’s business was not as profitable as expected due to lengthy delays in election law reform to permit electronic voting, intense competition from competing software and voting hardware and the company’s inability to secure as much international business as it had anticipated. Grant Thornton is the monitor. Counsel is BoyneClarke for the company.
By Dina Milivojevic