Calgary just secured a big win in diversifying its economy.
The global software development company ESQ Business Services was looking to establish a Canadian support and development centre for its new subsidiary Coudexa Technology Inc.
The company, which has offices in the US, India, Mexico, Singapore, and the United Kingdom, according to a release from the City of Calgary, had eyes on Toronto, Winnipeg, and Vancouver as potential locations, but ultimately landed on Calgary.
- See also:
The choice was due in part to the work put in by Calgary Economic Development, which has been pushing for Calgary to diversify its economy.
“Calgary Economic Development’s recent efforts to promote and attract investment in new technology industries outside of the traditional oil and gas sector was a strong factor in our decision to launch this new unit in Calgary,” said ESQ Chief Executive Officer Paul Sandhu, in the release.
“Working with CED and their recommended partners shortened the process of starting up our Cloudexa Technology operation by many months.”
The release notes that potential businesses are moved through the City of Calgary’s Business and Local Economy Program, which helps potential businesses get set up in Calgary.
“We understand that time is money for businesses looking to open in Calgary which is why we are focused on moving businesses through our processes quickly,” said Sonya Sharp, Leader of the Business and Local Economy Program at The City of Calgary.
“We also recognize that we need to improve things to make it easier for businesses to open and this also includes working more closely with our partners like CED to make sure we can sell Calgary to potential businesses and then get their doors open quickly once they get here, together.”
The decision for ESQ Business Solution to come to Calgary speaks volumes, according to CED President and Chief Executive Officer Mary Moran.
“When a global leader in the tech sector such as ESQ Business Solutions expands to Canada and chooses Calgary as its first location it speaks to remarkable value proposition this city can offer to companies as a leading tech centre in Canada with an unmatched quality of life,” she said in the release.
“Innovation is a key pillar in our vision for Calgary in the New Economy and companies like ESQ are driving progress in the tech sector so there is a great fit for city and company.”