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    Global tech firm Applexus Technologies opening Calgary HQ

    YYC TimesBy YYC TimesFebruary 16, 2023No Comments5 Mins Read

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    Calgary was chosen for its connection to the US market, Alberta’s business-friendly local weather and entry to educated and expert employees

    Sam Mathew, founder and CEO of Applexus Technologies, speaks to the media following the announcement that his company has chosen Calgary as its new Canadian headquarters on Wednesday, February 15, 2023. Alberta Minister of Trade, Immigration and Multiculturalism, Rajan Sawhney, listen right.
    Sam Mathew, founder and CEO of Applexus Applied sciences, speaks to the media following the announcement that his firm has chosen Calgary as its new Canadian headquarters on Wednesday, February 15, 2023. Alberta Minister of Commerce, Immigration and Multiculturalism, Rajan Sawhney, pay attention proper. Gavin Younger/Postmedia

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    One other world know-how agency has chosen Calgary for its Canadian headquarters.

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    With Alberta’s Funding and Development Fund contributing $1.43 million, Applexus Applied sciences is making ready to arrange store in downtown Calgary, creating an anticipated 125 jobs.

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    Applexus, a Seattle-based firm, has workplaces within the US, the UK, the Center East and India.

    Calgary was chosen for its connection to the US market, Alberta’s business-friendly local weather and entry to educated and expert employees.

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    “Calgary will likely be a strategic location for us to serve most of our clients within the US and Canada,” founder and CEO Sam Mathew stated in an interview with Postmedia.

    Applexus is a know-how service supplier and a pacesetter in knowledge analytics, serving to to rework companies by consulting and SAP companies. It would give attention to client industries, manufacturing industries and the know-how and vitality sectors.

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    New jobs are coming to Calgary

    The corporate has non permanent workplace area within the Ampersand Tower within the metropolis heart whereas it searches for a everlasting location. Mathew stated it could take three to 5 years to achieve their employment targets.

    It’s the newest tech firm to decide on Calgary as its Canadian or North American headquarters prior to now 12 months, becoming a member of Infosys, Mphasis, SideTrade and others.

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    The brand new jobs will likely be a welcome addition in gentle of downsizing in current months at different tech firms, together with Benevity and Symend.

    The Funding and Development Fund was created in 2021 to draw firms to Alberta and retain companies already within the province. Different investments in southern Alberta embrace Ontario-based GoldLeaf Farms, which constructed an indoor vertical farm in Calgary in November 2021, USG Corp. which constructed a wallboard manufacturing plant in Wheatland County in October, and Southland Trailers which expanded its operations with a brand new plant in Lethbridge County final December. .

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    Commerce, Immigration and Multiculturalism Minister Rajan Sawhney stated the announcement is the most recent instance of a enterprise understanding the advantage of finding in Alberta.

    “Any time an organization chooses Alberta, it is a vote of confidence in our financial system, and this one is not any exception,” she stated.

    “When firms like Applexus decide the place to do enterprise, they search for numerous key attributes. They wish to spend money on a jurisdiction that values ​​and actively helps enterprise development, one that’s dedicated to lowering purple tape, one which has a lovely company tax price, one which has a talented workforce to assist their work and one that gives quick access to giant markets.”

    — With recordsdata from Chris Varcoe

    jaldrich@postmedia.com

    Twitter: @JoshAldrich03

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