Global AI firm, Sidetrade, Chooses Calgary for North America Expansion

Global AI-powered Order-to-Cash platform, Sidetrade, announced an acceleration to its North America offensive strategy with plans to invest $24 million and add 110 full-time jobs in Calgary over the next three years. Just one year since the launch of its North America operations, Sidetrade has exceeded expectations with 58% of its new bookings now from the North America market. The SaaS provider has been recognized by Gartner as one of just three Leaders in the 2022 Magic Quadrant for Invoice to Cash applications. Sidetrade is now accelerating its expansion into North America by investing $24 million in the next three years and hiring in the region. Brad Parry, President and CEO of Calgary Economic Development, said: "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."