Applexus bringing its Canadian HQ to Calgary

Applexus Technologies, a global leader in digital innovation, is investing $3 million to establish its Canadian headquarters in Calgary and plans to create 125 jobs over the next five years.

A $1.43 million grant from the government of Alberta’s Investment Growth Fund (IGF) contributed to the province edging out a competing jurisdiction. The grant was a unique incentive to support well-established, financially-sound companies that are considering a comparable location to choose Alberta as their investment home.

“The IGF award enables us to expand our presence in the country and bring new jobs to the region which will positively benefit the community,” said Sam Mathew, founder and CEO of Applexus Technologies, in a statement. “We are deeply honoured that the Government of Alberta has conferred this grant on Applexus and are excited to take this step forward in our journey. This will help us develop a stronger and more diversified presence.”

The company, which was founded in 2005, operates worldwide, with offices in North America, the United Kingdom, India, and Sri Lanka. It offers business consulting services to help clients manage SAP solutions software that, according to SAP, 99 of the 100 largest companies in the world use to manage their business processes.

“Calgary has the talent pipeline, access to global markets and competitive business environment for technology leaders like Applexus to thrive,” said Brad Parry, president and CEO of Calgary Economic Development, in a statement. “With one of the fastest-growing tech workforces in North America, Calgary is a city of innovation and opportunity where bright minds and big ideas come together to do game-changing work across industries.”

Calgary Economic Development worked closely with Applexus and Invest Alberta to facilitate the company’s move to Calgary.

“Applexus is a welcome addition to Alberta’s tech and innovation sector, and we are excited the company has chosen our province to establish its Canadian headquarters,” said Rick Christiaanse, CEO of Invest Alberta, in a news release.

“The support the company received from the Government of Alberta, Invest Alberta, and Calgary Economic Development positioned our province as a destination of choice and is a tangible example of Alberta’s world-renowned ‘make it happen attitude’ when it comes to global investment.”

Applexus is seeking office space in the Calgary downtown core and has begun the hiring process. The company currently has four employees at its new Canadian headquarters and will be hiring more in the coming weeks.

IGF was created in 2021 and designed to attract high-impact investments to Alberta or to retain businesses that might be attracted by competing jurisdictions. “The IGF is an Alberta-made approach to attract business outside the province, and incentivize them to seriously consider the many advantages of doing business in Alberta,” said Rajan Sawhney, Alberta’s minister of trade, immigration and multiculturalism, in a release. The 2022 Alberta budget increased the annual fund allocation to $15 million from $10 million, including $5 million for a rural stream.