TmaxSoft Announces Formal Expansion into the Canadian Market, Appoints Satya Sarangi CEO and President

Toronto,ON,JanuaryX,2016–TmaxSoft Canada Inc. (“TmaxSoft”) a multinational technology innovator focused on infrastructure software, today has formally announced its expansion into the Canadian market. Having matured its technology in multiple Asian markets over the past 18 years, TmaxSoft will launch a strong Canadian outreach with its new Mississauga, Ontario base of operation.
TmaxSoft’s technologies provide innovative options to companies looking to move and
modernize data to the cloud for use in applications and in data analysis. The company specializes in legacy modernization, middleware, database and infrastructure software solutions, with technology applicable across verticals including Financial Services, Retail, Government, Utilities, Telecommunications and more. The Canadian headquarters will create employment opportunities that range to all levels and areas of business.

TmaxSoft expects to triple their employment numbers this year in Canada, with additional growth expected in the years following. “At TmaxSoft, we proudly commit 45% of our revenues to research and development, so it’s crucial for us to locate in regions that support innovation,” says Satya Sarangi, CEO and President of TmaxSoft Canada Inc. “Our goal is to provide enterprise customers with leading edge and innovative IT infrastructure software solutions at optimized costs leading to enhanced business value and superior customer experience.”

“The City of Mississauga is proud to be home to TmaxSoft, a globally recognized and respected business,” Mississauga Mayor Bonnie Crombie said. “The professional leadership from TmaxSoft chose Mississauga as the leading destination to invest, expand service offerings, develop new and innovative technologies, and to remain ahead of the competition in the field of infrastructure software,” Mayor Crombie added.

“At the City of Mississauga, we are committed to creating an environment where businesses can grow, thrive and succeed – and TmaxSoft is proof our efforts are working.” “As we embark on securing an expanded Canadian presence, Mississauga and the Greater Toronto Area (GTA) was identified as the ideal location for our Canadian headquarters,” says Sarangi, “The GTA contains an impressive pool of technology talent, globally-respected innovation hubs and some of Canada’s largest and most cutting-edge organizations.”

“We welcome TmaxSoft into our strong community of Canadian businesses championing the development of a robust and sustainable digital Canada,” says Karna Gupta, President and CEO of the Information Technology Association of Canada (ITAC). “Companies like TmaxSoft drive innovation and competitiveness in the Canadian technology sector, helping Canada prosper on a global stage.”

TmaxSoft’s global headquarters is located in Seoul, South Korea, with area headquarters in twelve countries including Canada, U.S., U.K., Brazil and India. As TmaxSoft expands across the country, the Canadian headquarters in Mississauga will be instrumental in supporting national hub locations and offices. For more information about TmaxSoft, visit www.tmaxsoft.com.