Satya Sarangi Appointed CEO and President
Toronto, ON (Apr. 6, 2016) – TmaxSoft, a multinational technology innovator focused on infrastructure software, 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.
The Information Technology Association of Canada (ITAC) is the voice of the Canadian information and communications technologies (ICT) industry championing the development of a robust and sustainable digital economy in Canada. A vital connection between business and government, we provide our members with the advocacy, networking and professional development services that help them to thrive nationally and compete globally.
TmaxSoft (TMS), a multinational software provider headquartered in Seoul, South Korea, specializes in mission critical enterprise infrastructure software solutions. Since its founding in 1997, TmaxSoft has successfully delivered improved IT performance to enterprise and governmental customers. With twelve country headquarters in Europe, Asia, India, and the Americas, TmaxSoft serves a growing global marketplace interested in highly compatible, alternative infrastructure technologies that can scale to the needs of tomorrow. TmaxSoft’s products provide the quality, security and performance demanded by both traditional and private/hybrid cloud architectures. TmaxSoft OpenFrame, a mainframe modernization solution, provides mainframe rehosting of single-tier mainframe applications on cloud-ready, multitier x86 architectures running Linux; TMS’s powerful flagship middleware product JEUS is deployed on almost half of all web servers in South Korea; and TIBERO, TmaxSoft’s enterprise SQL database, provides the scalability necessary for growing enterprise data requirements. TmaxSoft’s long-standing commitment to IT infrastructure innovation has resulted in innovative options to move and modernize all data to the cloud for use in applications as well as data analysis.
For more information visit www.tmaxsoft.com.
This article was originally published on Jan. 18, 2016.