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Montreal, Sep 22nd 2022

The managing partners of True North Marine are thrilled to announce they have acquired a stake in Papersoft Technologies, an IT company based in Gurugram India

True North Marine and Papersoft led by their Managing Director Lokesh Singh have been working together for the last few years and this new partnership is the result of a very fruitful relationship which has been beneficial to both companies. Papersoft will continue to operate as an independent company.

Papersoft provides True North Marine with nimble and flexible support as the company is on an aggressive growth plan centered around big data initiatives tied to their voyage optimization and decarbonization efforts.

True North Marine in turn will be assisting with Papersoft’s growth to international markets through their sales network and the partners will also work closely work with Mr. Singh on scaling the growth of the company.

Commenting on the announcement, Brian Hatter, President of TNM said: “We are very excited about this partnership as Papersoft’s values and work ethic mirror those of TNM. We have worked with many suppliers but have never experienced this level of service and dedication. We are confident that Papersoft will be a huge help in our drive to innovate over the coming years as we tackle the decarbonization challenge facing our industry
This also represents an opportunity for our clients to obtain high quality IT work on everything from redesigning websites and apps to API feeds and even SaaS development. All at a reasonable cost with service we can vouch for”

Lokesh Singh, Managing Director of Papersoft added: “We are delighted to be partnering with TNM and continuing on our growth plan. In a short time, we have developed an expertise in working with maritime companies and it is exciting to see the Shipping industry embracing technology. We see a lot of potential for interesting and meaningful collaborations with TNM’s network and the shipping community at large.

About True North Marine:
Established in 2013, TNM has become one of the fastest growing companies in the weather routing industry. With a customer base that spans the globe, TNM are industry experts in weather routing, performance analysis and decarbonization through optimization

About Papersoft Technologies:
With headquarters in Gurugram, India, Papersoft Technologies provides IT solutions to businesses seeking to adapt to the digital age. Their team of young developers and IT professionals are experts in web design, app development, API integration, software development, cloud solutions and e-commerce

For more information:
Brian Hatter, President True North Marine
Phone +1 514 971 9660