- Appello has secured customers in multiple US states, officially
kicking off its international expansion
- Appello signs convertible note investment led by 519 Growth
Fund and Globalive Capital
LONDON, ON, June 19, 2024 /CNW/ - Appello, a leading
SaaS platform specializing in workforce and project management for
the industrial, commercial, and institutional (ICI) construction
sectors, has announced its expansion into the USA. This strategic move marks a significant
milestone for the company, reflecting its rapid growth and the
increasing demand for its comprehensive software solution.
"Our growth into the USA is a
testament to the strong demand for Appello's unique product
offering" said Corey Shelson, CEO of
Appello. "This expansion validates the Appello platform beyond the
Canadian market and speaks to the differentiation our product
offers. We are seeing interest from subcontractors across the
entire North American market."
Just weeks after finalizing their strategy to enter the US
market, Appello secured clients in Georgia, Massachusetts and West Virginia. Their
initial launch in 2023 focused primarily on the mechanical and
thermal insulation sector, the company has grown to attract other
subtrades including firestopping, sheet metal, plumbing, HVAC and
electrical. "Many subtrades are struggling with the same
issues related to workforce management, project costing and working
in regulated environments" stated Ian
Haase, the company's CFO. "The beauty of the Appello
platform is that it has been purpose-built for these companies.
100% of the features and functionality of the platform are
applicable to our client base, and we are continually improving
Appello based on feedback directly from our existing
customers."
In order to fuel Appello's rapid growth, the company also
announced the completion of a capital raise led by 519 Growth Fund
and Globalive Capital. The funds will be used to hire
additional technical staff and to bolster its sales and marketing
activities. "We are pleased to welcome a sophisticated group
of investors into Appello and are excited to leverage their
extensive knowledge and experience to help the company reach to new
heights", Shelson noted.
About Appello
Appello is a SaaS platform for workforce and project management
tailored for specialty contractors and subcontractors in the ICI
construction sectors. It automates and streamlines various
manual tasks, reducing overhead by up to 30% and improving labor
productivity rates. Its broad range of features cover most
aspects of managing ICI operations, addressing issues associated
with fragmented software solutions. Appello helps companies
drive efficiency, increase regulatory compliance, and build a
strong foundation for scalable growth.
SOURCE Appello Inc