Plans to speculate $24 million and add 110 jobs in Calgary
New Calgary-based business hub for North America operations
Global AI-powered Order-to-Cash platform, Sidetrade, right this moment introduced an acceleration to its North America offensive technique with plans to speculate $24 million and add 110 full-time jobs in Calgary over the following three years.
Plans to speculate $24 million and add 110 jobs in Calgary
Just one 12 months for the reason that launch of its North America operations, Sidetrade has exceeded expectations with 58% of its new bookings now from the North America market. The SaaS supplier has been acknowledged by Gartner as certainly one of simply three Leaders within the 2022 Magic Quadrant for Invoice to Cash functions.
Sidetrade is now accelerating its enlargement into North America by investing $24 million within the subsequent three years and hiring within the area.
Brad Parry, President and CEO of Calgary Economic Development, stated: “Sidetrade’s expansion in Calgary as its North American headquarters speaks to the city’s leading business environment and the exciting momentum in our tech and innovation ecosystem. Alberta and Calgary are centres for AI excellence with highly skilled talent, and as a global leader in AI, Sidetrade joins a growing roster of multinational companies that call Calgary home, where bright minds with big ideas are solving global challenges.”
Sidetrade plans to fill 110 new positions and is recruiting in any respect ranges (from entry stage positions, as much as government management roles) for gross sales & advertising, skilled providers, IT assist, and R&D. As a part of its ongoing dedication to develop its skills, Sidetrade may also supply the Sidetrade Academy – a coaching program for profitable onboarding expertise and profession improvement.
A business hub in Calgary to assist North American operations
Calgary is the proper location for Sidetrade because of the native authorities who’re devoted to creating Calgary a gorgeous location for worldwide tech firms. The information additionally coincides with the Government of Canada’s strengthened commitments to AI expertise as a driver of financial progress and good jobs.
George Chahal, Member of Parliament for Calgary Skyview stated: “I am pleased to congratulate Sidetrade on the grand opening of their new Calgary office. It is an exciting occasion as Sidetrade — yet another world leading AI and tech company chooses to call Calgary home. It also marks a significant milestone towards Canada’s success as an emerging global IT and technological leader. Artificial Intelligence is among the greatest and most innovative technological advances of our age and has significant impact on the daily lives of Canadians. Canada’s strategy to become a world-leader in all things tech will help drive economic growth, build a resilient, modern economy and attract top talent from across the globe.”
Sidetrade’s new Canadian hub may also assist its rising worldwide buyer base and assist to develop the business throughout the continent.
For their workplaces, Sidetrade has chosen the Ampersand constructing in downtown Calgary, an space which is more and more attracting international expertise firms. Currently, Calgary is ranked within the Top 50 North American Markets for Tech Talent, and was lately revealed as the third greatest place on the planet to stay based on Economist Intelligence.
Sidetrade has already employed 44 folks in North America, together with 20 new workers for its Calgary-based business hub, including to its international workforce of 300 staff.
Jyoti Gondek, Mayor of Calgary stated: “Sidetrade choosing downtown Calgary for its North American Head Office and creating 110 new jobs adds momentum to our city’s growing tech sector.
“As our reputation for innovation grows, more companies like Sidetrade are recognizing the competitive advantage Calgary offers given our deep talent pool, our infrastructure, and the low cost of doing business.”
Sidetrade operates in a buoyant market, valued at $5 billion in North America according to Midcap Partners. The AI firm is already trusted by large North American corporations like Expedia, TechData, Iron Mountain, Micro Focus, Clean Harbors, Select Energy Services, and Superior Propane.
Olivier Novasque, CEO of Sidetrade, said: “Calgary is the perfect location to bolster our global ambitions. Today is a major step forward for Sidetrade. Our new Calgary location is a business accelerator for the North American continent and will provide solid support to our customers worldwide. What’s more, Sidetrade is a truly multicultural organization, and we’re pleased to embark on the next stage of our journey with more Canadian teammates. We look forward to the years ahead with confidence. We have the vision and the resources to be a world leader in AI-driven Order-to-Cash applications.”
Investor relations
Christelle Dhrif +33 6 10 46 72 00 [email protected]
Media relations
Rebecca Parlby +44 7824 505 584 [email protected]
About Sidetrade (www.sidetrade.com)
Sidetrade (Euronext Growth: ALBFR.PA) provides a SaaS platform dedicated to securing and accelerating cash flow. Sidetrade’s next-generation AI, nicknamed Aimie, analyzes $4.6 trillion worth of B2B payment transactions daily in the Sidetrade Cloud to predict customer payment behavior and the attrition risk of more than 21 million companies worldwide. Aimie recommends the best cash collection strategies, intelligently automates actions on the Order-to-Cash process, and dematerializes customer transactions to enhance productivity, performance, and working capital management.
Sidetrade has a global reach, with 300 talented employees based in Paris, London, Birmingham, Dublin, Houston, and Calgary, serving global businesses in more than 85 countries. Amongst them: Tech Data, KPMG, Nespresso, Hearst, Expedia, Manpower, Securitas, Randstad, Engie, Veolia, Inmarsat, and Bidfood.
For further information, visit us at www.sidetrade.com and follow us on Twitter @Sidetrade.
In the occasion of any discrepancy between the French and English variations of this press launch, solely the English model is to be thought-about.
- Global AI agency Sidetrade chooses Calgary for North America enlargement
