Applexus Secures $1.4 Million IGF Grant from the Government of Alberta

Funding Rounds

Summary

SEATTLE, Feb. 15, 2023 /CNW/ -- Applexus is thrilled to announce that the Government of Alberta has awarded the company a $1.4 million IGF grant (Investment and Growth Fund) to establish its business footprint in Canada. "Applexus is committed to working with local partners to create new opportunities to ensure that the new delivery center is aligned with the needs and priorities of the community and stands as a driver for economic growth in the region. Applexus is excited to begin this new chapter in the companys journey and takes immense pride in collaborating with the Government of Alberta to transform its presence into an enormous success. "We are excited to establish ourselves in the growing and vibrant technology sector of Calgary and hope to use this opportunity to make a valuable impact in the community," said Dan Ratchford, Vice President and Head of Delivery - Canada, "The IGF grant will allow Applexus to penetrate new regions to elevate and reinforce its presence, serve a wider audience, absorb a multi-faceted and exceptional talent base, and bring new and innovative services to the province and the country." With team members strategically positioned in key markets around the world, Invest Alberta works to break down barriers so businesses can start up, scale up, and succeed without limits.

$ Funding

$
Amount $1.4M Total raised
Date February 15, 2023 Announcement date
Investors Calgary Economic Development Lead investors
Company http://www.applexus.com Funded company

Classifications

industries
No industries detected
applications
Data Management

AskAI Classifications

Labels
SAP Software Solutions SaaS Application Development

Linked Companies

Applexus Technologies
$10M to $25M