Calgary scored yet another multinational firm to open its office in Calgary in the coming month.
Mphasis Limited, IT services company based in Bangalore, India, will be setting up Canadian headquarters in Calgary.
Mphasis is looking to hire for 1,000 jobs over the next 3 years.
We have made a bet on the ecosystem play. We made a bet on the fact that we’d find a lot of raw talent.
We think we can create up to 1,000 jobs in the next two to three years, mostly through local demand.
We are delighted that this collaboration will elevate Mphasis’ expansion of its operations in Canada, while promoting [Alberta’s] position as a global hub for next generation technology, including quantum computing.
Nitin RakeshMphasis CEO
Mphasis mainly services banks and insurance companies with their IT solutions and services.
Jobs will be created over the next 3 years and will include development, automation, machine learning, data science and artificial intelligence.
This is a great news for the City of Calgary that has been struggling to gain traction to get technology firms to open up there.
Another company, Infosys, announced 6 months ago, that they will be hiring 500 employees in Calgary as well.
Both companies cite relatively low cost of living and the high quality of life for the reason to move there.
The only downside is the lack of quantity of available IT talent in Calgary. Most high paying IT jobs are in Toronto – so after the oil bust a large number of IT professionals moved out East. Lack of quality IT jobs did not gain Calgary any new IT talent. So it will be interesting to see where these firms will recruit 1,500 IT talent over the next 3 years.
University of Calgary is tackling this problem head on by opening up new programs in IT to their students. The only way to build a great hub is to have available local talent.
“Post-secondaries are critical to unlocking Calgary as the tech centre of North America.
It’s all about not just getting companies here, but allowing companies to expand their business here, because you have the right talent available to them.
Coun. Jeff DavisonCalgary Economic Development
In order for a good ecosystem to survive, you just need great talent and great companies to come together to get the momentum going.