Shapero comes to the Ottawa tech firm from online wealth management firm Betterment, where she served in the top accounting role since 2016.
Management says there’s still significant demand for its patented optical tech, but it lacks the production capacity to meet market need.
Revenues for this past year were US$133 million, up from US$116 million in 2016.
The jump in year-over-year revenue can be partly attributed to the acquisitions Quarterhill made in 2017.
Revenue for the Ottawa cleantech firm was $7.6 million for the three months ended Dec. 31, 2017, compared to $8.3 million over the same period last year.
Investment recipients must either establish operations in Renfrew County or have an economic impact on the Ottawa Valley.
Annidis said it had 33 employees as of last summer.
Firm reported declining revenues and profits in the quarter.
Mitel CEO Rich McBee said the “heavy lifting” of absorbing ShoreTel is “well advanced.”
Online rental platform acquires Kanata tech firm in bid to capitalize on ‘synergies’ between two ventures