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MHC NorthStar Posts 50% SaaS Document Volume Growth, 25% SaaS Customer Growth, and More Than Double Payments Volume

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Fully agentic engineering delivers features 16x faster, with over hundreds of new capabilities in 12 months, driving new growth and innovation recognition from leading analyst firms

MINNEAPOLIS, Oct. 20, 2026 /PRNewswire/ — MHC, the AI-powered SaaS platform for document, customer communications, and payment automation, today announced that MHC NorthStar SaaS volume grew more than 50% year over year and the number of customers running on MHC NorthStar SaaS increased 25%. Organizations managing business-critical communications are increasingly choosing MHC NorthStar for its ability to combine modern cloud agility with the governance, compliance, and reliability required in complex operating environments.

MHC NorthStar SaaS volume grew more than 50% year over year and the number of customers increased 25%.

What’s New in MHC NorthStar

Over the past 12 months, MHC has accelerated innovation across its platform, delivering hundreds of enhancements across its product portfolio. Recent releases focus on three areas: improving user productivity, expanding platform capabilities, and strengthening performance and governance. All innovations are available across cloud, on-premises, and hybrid deployments, allowing organizations to modernize at their own pace without sacrificing control.

Making Work Easier

Redesigned MHC NorthStar Designer delivers a more intuitive, document-centric experience for business users.Enhanced Forms Builder capabilities simplify form creation through low-code, drag-and-drop design.New intelligent authoring capabilities, including expression editing and sample data generation, help teams design, test, and deploy communications faster.

Solving More Business Problems

New editable Microsoft PowerPoint output expands the range of business-critical documents organizations can create and manage through MHC NorthStar.Continued platform enhancements enable customers to extend intelligent document automation and customer communications management across more use cases, departments, and customer journeys.MHC NorthStar Payments Plus (with Paymode® embedded) transforms accounts payable department from a cost center to a profit center by giving customers expanded payment modality on top of their current capabilities.

Advancing Performance, Governance, and Compliance

Faster document posting at a greater scale. Large payroll and tax batches now post 2x faster, and the platform handles bigger batch sizes with ease, so organizations can process peak-season volumes with confidence.A responsive platform that scales with demand. Accessing employee documents stays fast and reliable as more users are active at once. Admin reporting is also noticeably faster, with filtering and search that stay responsive as document volumes grow.Accessibility-by-design capabilities embed accessibility requirements directly into templates before content is generated.MHC is advancing a fully containerized architecture and governed data layer to strengthen scalability, security, and readiness for future analytics and AI capabilities.

Built Faster. Managed Responsibly.

As part of accelerating innovation, MHC has completed its transformation into an AI-first product development organization, embedding intelligent automation throughout the software development lifecycle to accelerate innovation, improve quality, and increase productivity. While these technologies now perform nearly all the development work, every release remains governed by established engineering, architecture, security, and compliance processes, with experienced teams overseeing design, testing, validation, and production deployment. This combination of automation and disciplined execution enables teams to deliver key capabilities up to 16x faster than historical benchmarks.

Customer satisfaction has long been a hallmark of MHC, with CSAT consistently exceeding 90%. Building on that foundation, MHC is applying these same capabilities within its support organization to help customers receive answers and resolutions faster when they need them most. Combined with closer collaboration between Engineering and Customer Success, these efforts have reduced average support resolution times by more than 90%.

“Regulated industries have been told for years that innovation, speed, and control are trade-offs. We’re proving they don’t have to be,” said Prasun Baidya, Head of Technology at MHC. “Our AI-first approach enables us to deliver innovation dramatically faster while maintaining human oversight, testing, security, and compliance controls our customers expect. Work that once took months can now be delivered in weeks, and the pace of cloud adoption we’re seeing tells us customers are ready to move forward.”

Adoption by the Numbers

Over 50% year-over-year growth in MHC NorthStar SaaS volume.25% year-over-year growth in customers running on MHC NorthStar SaaS.Double-digit growth in new customer acquisition in 2026 compared with the same period in 2025.120%+ year-over-year increase in payment volume in Q3 2026.

“This is about giving organizations a platform that doesn’t force them to choose between moving faster, improving customer experience, and staying in control,” said Emily Washington, Head of Product at MHC. “MHC NorthStar helps customers modernize today while positioning them for a future where intelligent document automation is the default operating model.”

Independent Analyst and Customer Recognition

MHC’s product momentum is reflected in independent evaluations. MHC was named a Major Player in the IDC MarketScape: Worldwide Intelligent Customer Communication Management (CCM) 2026 Vendor Assessment (Doc #US54131626, September 2026). MHC also strengthened its Leaders-quadrant position in the 2026 QKS Group SPARK Matrix™ for Customer Communications Management and advanced to Leader status in the 2026 Aragon Research Globe™ for Workflow and Content Automation — up from Contender the prior year.

Based on customer reviews, MHC earned 18 G2 badges across 80 Summer 2026 reports, more than doubling its Winter 2026 total, and maintained a Leader position in the Aspire CCM-CXM Leaderboard for the fourth consecutive year.

“None of this happens by accident,” said Chris Hartigan, Chief Executive Officer of MHC. “The momentum we’re seeing across transaction volume, cloud adoption, customer growth, and product innovation is the direct result of sustained investment, disciplined execution, and a clear vision for where this market is headed. The results speak for themselves. Customers are choosing MHC NorthStar because it combines innovation with the governance, compliance, and reliability they demand. We’re not iterating at the edges of this market. We’re helping shape its future.”

About MHC

MHC simplifies complexity and unlocks intelligence for organizations in highly regulated industries — enabling them to deliver exceptional experiences with confidence. Our AI-powered SaaS platform automates mission-critical document, customer communications, and payment processes at scale, helping organizations eliminate manual work, ensure compliance, and drive better business outcomes. MHC customers generate over 10 billion documents and communications and process billions in AP payments annually using our solutions. Learn more at mhcautomation.com.

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SOURCE MHC Software

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Anrok launches MCP server, putting your tax data inside the AI tools your team already uses

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Ask in plain language, get an answer that spans your billing system and Anrok, and act on it without opening a dashboard.

SAN FRANCISCO, Oct. 21, 2026 /PRNewswire/ — Anrok, the AI-native tax infrastructure for global commerce, today launched the Anrok MCP. It is a direct connection between your Anrok account and the AI assistants your team already works in, including Claude, ChatGPT, Cursor, and VS Code. Your team can read transactions, filings, exposure, customers, exemption certificates, and products, then act on what it finds without leaving the conversation.

Finance teams adopted AI assistants faster than their finance systems. A controller can ask an assistant to draft a memo or model a scenario. But to answer, “did we collect the right tax in July?” they close the assistant, open a dashboard, run an export, and build a spreadsheet. Anrok believes your tax data shouldn’t stay behind a login.

Anrok MCP puts tax data in the same thread as everything else your assistant can reach, including your billing system, your inbox, and your spreadsheets.

“Finance teams are increasingly doing their work directly with AI agents and their tax data should be in there with them,” said Brad Silicani, CEO at Anrok. “Ask it to reconcile your billing system and Anrok, and you get the reconciliation in minutes for your close. The AI does the thinking, and Anrok MCP exposes the tools. It’s the same platform either way, and it’s accurate underneath.”

What your team can do

Anrok MCP includes 30+ tools across transactions, filings, exposure, customers, exemption certificates, and products. Your team can:

Reconcile Anrok against your billing system and find the gap before you remit.Pull a revenue or transaction answer without building a report.Review a filing before Anrok submits it and avoid the amended return.Debug a single transaction without opening a support ticket.Get a recommended tax category for a new SKU, then map it so it never falls through again.Catch exemption certificates before they lapse.

The MCP also writes. It can create a product, create a customer, create or update a transaction, and upload a certificate. Every write shows what moved, so you can check it.

One platform behind one connection

Anrok MCP is part of Headless Tax, the way into Anrok’s platform through the Anrok APIs and MCP. Behind it, one platform runs all five tax jobs: monitor and manage, register, calculate, file and remit, and reconcile and audit. That includes reconciliation, which no other tax platform has built in. One source of truth means one connection reaches your transactions, filings, exposure, customers, and certificates. The same intelligence powers Anrok across the dashboard, the API, and your agents.

“Anrok’s MCP cut our monthly Stripe-to-Anrok reconciliation from 4 hours to 30 minutes.” —Christie Perez, Indirect Tax Manager at Webflow

Availability

Anrok MCP is available now to Anrok customers. Connect from your AI tool’s connector settings, approve the scopes, and start asking. Documentation is at https://apidocs.anrok.com/mcp/.

About Anrok

Anrok is the AI-native tax infrastructure for global commerce. More than 5,500 users run sales tax and VAT/GST compliance on Anrok across 150+ countries, with more than $100B in processed volume. One platform runs all five compliance jobs, monitoring, registration, calculation, filing and remittance, and reconciliation, which no other tax platform has built in. Teams reach it however they work, in the product with Anrok Atlas, through the Anrok APIs, or by handing the job to an agent. The result is every tax dollar owed, collected, so tax becomes a pass-through instead of an expense.

Media contact

Emilie Murphy
emilie.murphy@anrok.com

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SOURCE Anrok

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Alternative Data Market to Reach USD 40.35 Billion by 2035 as AI Developers and Corporations Expand Data Buying, Credence Research Finds

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LONDON, Oct. 21, 2026 /PRNewswire/ — Credence Research Inc. has added a new global Alternative Data Market study to its market intelligence portfolio, examining the competitive, technological and regulatory factors shaping demand through 2035.

The global alternative data market was valued at USD 6.32 billion in 2025 and is projected to increase to USD 7.56 billion in 2026 before reaching USD 40.35 billion by 2035, according to Credence Research. The forecast represents a 20.37% compound annual growth rate from 2025 to 2035. All market sizes, segment shares and regional shares are Credence Research estimates.

Key Takeaways

Credence Research estimates 2025 revenue of USD 6.32 billion and a 2035 market value of USD 40.35 billion, equivalent to 20.37% annualized growth over 10 years.North America represented 57.3% of modeled global value in 2025.Card and receipt transactions led the data type category with a 22.4% share.Hedge funds accounted for 24.6% of the end user category.Web-scraped data is forecast to grow at 24.00% annually, while Technology and AI developers is projected at 28.50%.The analysis distinguishes market revenue from adjacent products and services to avoid treating unrelated spending as part of the addressable market.

Scope & Segmentation – Alternative Data Market

The study measures licensed nontraditional datasets used for investment research, commercial intelligence and AI applications, including card and receipt panels, web traffic, app use, web-scraped information, geolocation, satellite data and sentiment feeds. Conventional market prices, ratings, cloud storage and consulting fees are excluded. Revenue is allocated to the buyer geography and is expressed in current U.S. dollars. The report evaluates the commercial drivers, market restraints, supplier positions and technology transitions affecting this defined market.

By data type: Card and receipt transactions; Web traffic and app usage; Web-scraped data; Geolocation and foot traffic; Satellite and weather data; Social and sentiment data; Other ESG, employment and B2B data.By end user: Hedge funds; Asset managers and investment institutions; Retail and consumer companies; Technology and AI developers; Other corporates and public sector.By region: North America; Europe; Asia Pacific; Latin America; Middle East and Africa.

Explore the full report: https://www.credenceresearch.com/report/alternative-data-market 

Why This Report Matters

Defines the revenue boundary around purchased information rather than bundling unrelated analytics software and financial reference data.Compares investment-firm demand with newer corporate and AI developer use cases, including the privacy and licensing requirements that shape adoption.Provides a framework for evaluating vendor quality, consent, geographic coverage and data reliability before buyers commit to long-term contracts.

Market Overview

Alternative data vendors increasingly sell the same underlying information to different buyer groups. Quantitative funds use transaction, web and location panels to estimate business performance before quarterly filings. Retailers apply those signals to site selection and competitor analysis, while AI developers license web and app information for model training and retrieval workflows.

The forecast reflects a modeled change in buyer adoption, supplier economics and product mix rather than a guarantee of future transactions. Credence Research evaluates these mechanisms alongside recent regulatory and corporate developments. Decision-makers should distinguish disclosed company announcements from estimates of total market revenue.

Market Insights

Base year: 2025; forecast horizon: 2035; modeled CAGR: 20.37%.Largest modeled geography: North America (57.3% of 2025 value).Leading categories: Card and receipt transactions (22.4%) and Hedge funds (24.6%).Fast-growth categories: Web-scraped data (24.00% CAGR) and Technology and AI developers (28.50% CAGR).Geographic and segment shares are proprietary Credence Research model outputs, not audited vendor market-share disclosures.

Key Attributes

Attribute

Details

Historical period

2018–2025, as listed in the report

Base year

2025

Forecast period

2025–2035

Market size, 2025

USD 6.32 billion

Estimated market size, 2026

USD 7.56 billion

Market size forecast, 2035

USD 40.35 billion

Revenue CAGR, 2025–2035

20.37 %

Coverage

Global

Segments covered

Data type; End user

Geographies

North America; Europe; Asia Pacific; Latin America; Middle East and Africa

Market Segmentation Analysis

By data type

Card and receipt transaction panels led data types with 22.4% of 2025 spending because they can help estimate consumer revenue before corporate reporting. Web-scraped information is the fastest-growing data type in the model, supported by price monitoring, job-posting analysis and licensed AI data feeds.

By end user

Hedge funds accounted for 24.6% of 2025 end-user spending. Technology and AI developers have the faster modeled growth rate as demand expands from trading signals into model training, retrieval systems and agent-ready data services.

Card and receipt transactions held 22.4% of the data type segment in 2025, while Hedge funds led the end user split at 24.6%. Credence Research forecasts faster growth for Web-scraped data (24.00% a year) and Technology and AI developers (28.50% a year). These figures represent market estimates and are not company-reported results.

Market Drivers and Opportunities

Faster commercial signals

Card-spending, store-visit and app-usage panels can reveal operating trends before financial results are released. Funds buy such feeds to build forecasts, while retailers use them to compare competitors and local markets. Data coverage, representativeness and historical consistency determine whether these signals justify recurring subscription fees.

AI training and agent-ready feeds

Model developers are seeking licensed and documented sources of web, app and commerce data. Vendors that deliver clean feeds through APIs and data marketplaces can reach customers outside the hedge fund sector. Contracts for model training also require clear rights to collect, transform and reuse source information.

Distribution through existing research platforms

Financial-information terminals and cloud marketplaces reduce the engineering work required to test a new dataset. Bloomberg’s 2025 integration of Similarweb traffic data is one example of this route to market. Distribution can broaden adoption, although vendors may surrender part of the economics to aggregators.

Regional Analysis

Credence Research estimates the following shares of global 2025 revenue: North America 57.3%; Europe 22.1%; Asia Pacific 14.6%; Latin America 3.1%; Middle East and Africa 2.9%. These allocations sum to 100% and reflect buyer location rather than the location of manufacturing or company headquarters.

North America led the market in 2025, supported by its established buyer base, supplier relationships and industry infrastructure. Europe and Asia Pacific are also material demand centers, although the competitive mix and procurement requirements vary by country. The smaller regions may record high percentage growth from a limited starting base, and such rates should not be mistaken for leadership in absolute spending.

North America benefits from a dense concentration of quantitative funds, financial data platforms and AI developers. European buyers must navigate stringent personal-data rules, which increases demand for licensed and aggregated feeds. Asia Pacific adds demand from financial centers and domestic digital platforms but faces varying localization requirements.

Market Challenges

Sensitive geolocation and transaction data create privacy, consent and national-security concerns. U.S. enforcement actions and cross-border data restrictions make diligence a core purchase requirement. Panel drift, incomplete histories and nonrepresentative samples can undermine the value of apparently timely signals; a faster feed is not necessarily a better forecast.

Buyers should also evaluate the total cost of adoption, interoperability with existing systems, vendor continuity and country-specific compliance obligations. Those factors can lengthen purchasing decisions even where the long-term growth thesis remains intact. The study distinguishes these commercial constraints from the market forecast itself.

Future Outlook

North America holds the largest modeled share because it hosts many hedge funds, data vendors and AI companies. Asia Pacific has the fastest forecast regional growth as investment institutions and local digital platforms expand. The strongest opportunities lie in licensed, traceable and AI-ready datasets that meet regulatory and quality standards.

Through 2035, suppliers that convert product capabilities into repeatable deployments, transparent pricing and reliable support should be better positioned than firms relying only on early demonstrations. Credence Research expects growth to vary across customer types and geographies rather than advance evenly each year.

Competitive Landscape

The market includes established multinational suppliers and specialized technology or service providers. Competition centers on product performance, customer relationships, integration capabilities, delivery reliability and the ability to meet sector-specific standards. The companies listed below participate in different parts of the value chain; their inclusion does not imply identical offerings or a verified ranking by market share.

Competitive analysis should distinguish vendors that directly sell the products or services in the defined scope from adjacent technology providers and end users. Credence Research uses supplier disclosures and industry evidence to assess participation. Comparable revenue for the narrow market definition is rarely disclosed, so this release does not assign unsupported individual company shares.

Key Players

BloombergS&P Global Market IntelligenceLSEGFactSetMoody’sSimilarwebPlacer.aiPlanet LabsYipitDataConsumer EdgeM ScienceThinknum

Recent Developments

June 2025: Bloomberg made Similarweb web-traffic analytics available through the Bloomberg Terminal ALTD function alongside other alternative datasets. 

January 2025: The U.S. Federal Trade Commission finalized its order restricting Gravy Analytics and Venntel from selling sensitive location data. 

Report Coverage

The full study covers market size and forecast, competitive conditions, value-chain structure, product and application segmentation, regional demand, market drivers, restraints, opportunities and regulatory developments. It provides a 2025 baseline and 2035 outlook and identifies areas where supplier disclosures support, but do not independently establish, Credence Research market estimates.

Explore the full report: https://www.credenceresearch.com/report/alternative-data-market  

Table of Content –

Chapter 1 Market Segmentation

Chapter 2 Introduction

Chapter 3 Executive Summary

Chapter 4 Global Alternative Data Market Trends and Developments

Chapter 5 Global Alternative Data Market Production, Supply and Demand Analysis

Chapter 6 Global Alternative Data Market Pricing Analysis

Chapter 7 Global Alternative Data Market Dynamics

Chapter 8 Global Alternative Data Value Chain Analysis

Chapter 9 Global Alternative Data Market Regulations and Policies

Chapter 10 Global Alternative Data Market Hotspots and Opportunities

Chapter 11 Global Alternative Data Market Outlook, 2025-2035

Chapter 12 Global Alternative Data Market Segmentation and Outlook

Chapter 13 Global Alternative Data End-Use and Application Market Outlook

Chapter 14 Global Alternative Data Geographic Market Outlook, 2025-2035

Chapter 15 Global Alternative Data Technology, Innovation and Sustainability Outlook

Chapter 16 Global Alternative Data Market Key Strategic Imperatives

Chapter 17 Competition Outlook

Chapter 18 Company Profiles

Chapter 19 Disclaimer

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About Us

Credence Research Inc. is a global market intelligence and consulting firm founded in 2015. It delivers market insights, quantitative analysis and strategic guidance to business leaders, investors, governments and nonprofit organizations. The company helps clients evaluate market opportunities, understand competitive dynamics and make informed strategic decisions.

Credence Research produces industry studies covering market size, forecasts, growth drivers, market trends and competitive landscapes. Its services also include customized research, commercial due diligence and go-to-market advisory. Findings draw on primary and secondary research, expert input and analytical modeling.

Contact Us

Credence Research Inc.
Tower C-1105, S 25, Akash Tower
Vishal Nagar, Pimple Nilakh, Haveli
Pune – 411027, India
USA: +1-888-600-6441
Email: sales@credenceresearch.com 
Website: www.credenceresearch.com 

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TECHNATION Appoints New Board Leadership and Welcomes Industry Leaders to National Board

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TORONTO, Oct. 21, 2026 /CNW/ — TECHNATION, Canada’s national technology industry association, is pleased to announce the appointment of Sylvie Ouellette as Chair and Colin McIsaac as Vice Chair of its National Board of Directors.

Sylvie Ouellette is President and Co-Founder of Versatil BPI Inc., a Canadian-owned, women-led technology SME based in the National Capital Region, specializing in data, artificial intelligence, and security intelligence. She has more than 30 years of industry experience, including senior executive roles at Electronic Data Systems and Hewlett-Packard. As Chair, she brings both multinational leadership, including representing TECHNATION at the last two G7/TECH7 summits, and firsthand experience building a Canadian technology company.

Colin McIsaac is the Vice-President, North America Commercial Sales at Lenovo, responsible for strategy and performance across the NA VLB Segment and Canada’s Public Sector business. A prominent voice on the North America Senior Leadership Team, he oversees sales, operations, culture, and P&L execution to ensure Lenovo consistently delivers industry‑leading value for customers. Under his leadership, the team brings Lenovo’s complete portfolio of hardware, software, and services to market, fueling growth through innovation, customer partnership, and operational excellence.

Sylvie and Colin have been active members of TECHNATION’s Board of Directors for several years, serving on the Executive Committee and Governance Committee, respectively.

“We are pleased to welcome Sylvie as Chair and Colin as Vice Chair to TECHNATION’s National Board of Directors,” said Kevin d’Entremont, President and CEO of TECHNATION. “As seasoned members of our National Board, they have been engaged in shaping the focus of TECHNATION in supporting the full technology ecosystem in Canada. Their combined expertise, leadership, and commitment to advancing Canada’s technology ecosystem will be invaluable as we continue to advance the priorities that matter most to the sector and to Canada’s digital future.”

In addition to these appointments, TECHNATION is pleased to welcome four industry leaders to its Board of Directors:

Heather Black, Regional Vice-President, Canadian Public Sector Leader, Palo AltoPeter Kelcey, General Manager, Customer Success Lead, Microsoft CanadaErin O’Halloran, Vice President & General Manager, Oracle Health CanadaRaj Thuppal, Chief Digital Officer – Public Sector, ServiceNow Canada

These appointments come at a pivotal moment for Canada, as governments and businesses accelerate the adoption of digital technologies that are transforming how the economy operates and grows.

“I am honoured by the trust my fellow Board members have placed in me to lead TECHNATION at such a defining moment for Canada,” said Ouellette. “As technology reshapes our economy, national security, and global competitiveness, we must strengthen Canada’s capacity to innovate, advance responsible AI, and ensure Canadian businesses across the full ecosystem help shape our digital future. I look forward to working with our members and government partners to turn collaboration into action that delivers meaningful value for Canadians.”

Together, these appointments strengthen TECHNATION’s commitment to bring industry expertise to inform public policy, champion member priorities, and advance initiatives that support Canada’s digital and economic growth. Their leadership will help drive key priorities including digital transformation, procurement reform, workforce development, and Canada’s long-term competitiveness.

TECHNATION also extends its sincere thanks to outgoing Board Chair, Lloyd Switzer, retired Chief Procurement Officer at TELUS, for his leadership and dedication to the board. “Lloyd has been an invaluable leader at TECHNATION, guiding the association through a period of executive transition, while bringing a strong industry perspective through his role as Chief Procurement Officer at TELUS,” said d’Entremont. “While his retirement marks the end of an exceptional chapter, he has ensured a smooth transition and a bright future for our association and Canada’s tech sector.”

TECHNATION’s National Board is comprised of senior executives from across Canada’s technology landscape, representing both Canadian tech firms and global enterprises with significant operations and investments in Canada. A full list of TECHNATION’s National Board of Directors can be found at www.technationcanada.ca.

About TECHNATION

TECHNATION is Canada’s authoritative technology industry association, representing the full spectrum of Canada’s tech ecosystem, from agile innovators to domestic and global tech companies. Trusted by both industry and government, TECHNATION is the neutral connector, convener and catalyst powering a digital future and positioning Canada as a global tech leader. Together with our members, we shape tech policy and insights, deliver forums to drive public-private collaboration, foster inclusive workforce development, and support global expansion. Learn more at www.technationcanada.ca.

SOURCE TECHNATION Canada

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