Syncapse Corp.

Syncapse Corp.

August 31, 2011 10:00 ET

Canadian Entrepreneur Leads Global Adoption of Social Media Among the World's Largest Companies

Michael Scissons Realizes Success of His Vision as Syncapse Celebrates Top Ten On 12th Annual PROFIT HOT 50 Ranking

TORONTO, ONTARIO--(Marketwire - Aug. 31, 2011) - Syncapse Corp., a global leader in enterprise social media management, announced today it has placed in the top ten on the 12th annual PROFIT HOT 50 ranking of Canada's emerging growth companies. The company's revenue has increased more than 1000 per cent since 27-year-old Michael Scissons, a Saskatchewan-born entrepreneur, now residing in Toronto, founded the company in 2007. Syncapse's growth continues, as it doubles the size of its Toronto headquarters and adds nearly 100 new employees.

Syncapse was founded in 2007, after Scissons' launched Facebook in Canada and saw an opportunity to help global corporations capitalize on skyrocketing adoption of social media among consumers. Today, Syncapse works with Fortune 500 companies, helping them successfully connect with their customers via social media channels like Facebook, Twitter, and YouTube. The Syncapse Platform™ is used by global brands to create their presence, manage communication, and measure performance across the social media landscape. The number of brands using the Syncapse Platform™ has increased by 800 percent in the past year. Clients include BlackBerry®, Labatt Breweries of Canada, Electronic Arts, Nationwide Insurance, L'Oréal Canada and Tim Hortons Inc. among many others across the Americas, Europe, and Asia.

"Canada is an excellent place to base a technology company," said Michael Scissons, President and CEO, Syncapse Corp. "The growth of Syncapse represents the opportunity present for Canadians to build global companies – right in their own backyard."

Syncapse's newly expanding headquarters will span over 30,000 square feet of office space across three buildings in Toronto's media district. The new office space will open by the end of the year and will feature a full service Café and state-of-the-art business and entertainment facilities for employees. Syncapse expects to have 250 employees by the end of 2011 and is currently hiring in the areas of software development, engineering, product management, sales and customer service. Other key milestones for the company in 2011 include completing a Series A round of funding for $25 million USD from ABS Capital Partners and launching partnerships with new clients including L´Oréal Canada. Early investors include Canadian technology visionaries Rob Burgess and Ian Giffen, along with investment from the Business Development Bank of Canada (BDC).

The PROFIT HOT 50 is the definitive ranking of Canada's Emerging Growth Companies. Published in the October issue of PROFIT magazine and online at, the PROFIT HOT 50 ranks young firms by two-year revenue growth.

About Syncapse Corp.

Founded in 2007, Syncapse Corp. is a global leader in enterprise social media management with offices in Toronto, London, New York, Portland, and San Francisco. The Syncapse Platform is a comprehensive, cloud-based software platform where brands can create their social media presence, manage the communication, and measure the engagement across multiple markets, stakeholders, and channels. The Syncapse Platform is supported with a complete suite of client services to ensure successful implementation and execution, so companies and their brands can embrace social media as a key element of their marketing mix. Syncapse is a member of Facebook's Preferred Developer Consultant program and employs a team of passionate social media professionals worldwide. To learn more visit

About PROFIT Magazine

PROFIT: Your Guide to Business Success is Canada's preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For 29 years, Canadian entrepreneurs and senior managers across a vast array of economic sectors have remained loyal to PROFIT because it's a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at

*Source: Altimeter Group, July 2011 (

Contact Information

  • Syncapse Corp.
    Meg Sinclair
    Manager, Corporate Communications
    (O) +1.416.593.3773 / (M) +1.646.578.1628