McRock, NBIF in $3M RtTech Deal

RtTech's Support Network

RtTech has never been through any of the region’s plentiful accelerators, but that’s not to say that CEO Pablo Asiron hasn’t had mentorship.

The Moncton-area company was spun out of ADM Systems Engineering four years ago, and has received guidance from its founding company.

The New Brunswick Innovation Foundation first invested in the company in 2012 and continues to support the company.

As NBIF pointed out in a press release, RtTech’s rapid growth has been fuelled partly by the integration of its software with that of two other major corporations, OSIsoft and Emerson.  RtTech’s products RtEMIS and RtDuet both run in tandem with OSIsoft, the leading data historian for industrial processes around the world, and Emerson’s Energy Management Information System for real-time monitoring, analysis and detection of excessive plant energy consumption.

Asiron said that another organization that has helped its growth is Export Development Canada. Not only has the EDC provided financing for some of its foreign sales, but RtTech has also been enrolled in its mentoring program since 2013.