Sylogist Increases Credit Facility to $125 Million (CAD)

Calgary, Alberta--(Newsfile Corp. - January 31, 2022) - Sylogist Ltd. (TSX: SYZ) ("Sylogist" or the "Company"), a leading public sector SaaS company, is pleased to announce that it has entered into an agreement with its current banking institution to expand its existing credit facility from $75 million (CDN) to $125 million (CDN), on improved terms. Funding acquisitions remains the primary purpose of the credit facility, of which approximately $100 million (CDN) remains available. The facility is committed for a two-year term and renewable annually thereafter.

Bill Wood, Sylogist's President and CEO, stated: "We are grateful for our lender's confidence in our business and their partnership as we grow. This expanded credit facility will help us to further our aggressive M&A growth strategy."

For further investor information, contact:

Rudy Shirra, Manager, Corporate Development and Investor Relations

Sylogist Ltd.

(403) 266-4808

ir@sylogist.com