Incorporated Date:

May 1991

Head Office:

1 Adelaide Street East Suite 600 Toronto, Ontario M5C 2V9

President & CEO

Mr. Jay Forbes

Locations:

148 Fullarton Street, London
20 Dundas St. West, Toronto
655 Bay Street Minto Plaza, Toronto

Total employees:

Over 700

History:

Teranet Inc. was founded in 1991 as a strategic alliance between the Ontario government and the private sector. The company's mission was to automate a large amount of data, complete a legal conversion of property records and create an electronic land registration management system. 

The task involved updating a complex 200-year-old paper-based system and creating a database containing records for more than five million parcels of land.  Teranet not only operates the system on behalf of the Ontario government but also enables remote electronic access via streamlined and secure operations, primarily for lawyers, conveyancers and financial institutions. The need to physically visit local Land Registry Offices has been eliminated in many cases.

Teranet leveraged the system development, management and conversion expertise acquired during this massive project to diversify and expand into other areas.  Emphasizing strong e-service and e-commerce strategies, Teranet Enterprises Inc. was established in 1996 as a wholly owned subsidiary of Teranet Inc. and the key strategic development arm of the Teranet group.

As a result, Teranet has provided turnkey solutions and cost-effective applications for customers in government, business, and a number of professional communities. These applications include transaction-based e-commerce operations, enterprise systems management, risk management solutions, records conversion, imaging, land registration, parcel mapping and data mining.