CIBC Innovation Banking Provides Growth Capital to Andgo

SASKATOON, Saskatchewan, August 06, 2024--(BUSINESS WIRE)--CIBC Innovation Banking announced today that it has provided growth financing to Andgo Systems Inc., a market leader in workflow automation solutions for dynamic absence onboarding, shift filling, and vacation mapping in complex, high volume industries. The company will use the financing to further fuel its accelerated expansion across North America.

Founded in 2014 in Saskatoon, Andgo drives transformational intelligent automation for organizations in industries like healthcare that have complex requirements around onboarding employee absences, filling vacant shifts, and annual vacation selection and awarding. Andgo's offering suite delivers end-to-end automation throughout what are traditionally highly manual, tedious processes, providing actionable insights and accurately filling more shifts faster.

"We are thrilled to have secured this growth financing, which will enable us to accelerate growth and enhance our ability to deliver innovative shift-filling solutions to our customers," said Tom Ross, CEO of Andgo. "This financing is a testament to the dedication of our team and the value Andgo creates for our customers. We look forward working with the Innovation Banking Team at CIBC as we expand our reach."

"In response to the impact on healthcare staffing due to Covid, there has been an increased market demand for intelligent Absence Management and Shift Filling. Andgo's automation of scheduling tasks helps modernize healthcare operations by reducing errors, saving time, and enabling staff to focus on strategic activities. This drives enhanced operational efficiency, improved patient care, and greater employee satisfaction. We’re excited to work with Andgo as it scales," said Ab Makalo, Director, CIBC Innovation Banking.

About CIBC Innovation Banking

CIBC Innovation Banking delivers strategic advice, cash management and funding to innovation companies across North America, the UK, and select European countries at each stage of their business cycle, from start up to IPO and beyond. With offices in Atlanta, Austin, Boston, Chicago, Denver, Durham, London, Menlo Park, Montreal, New York, Reston, Seattle, San Francisco, Toronto and Vancouver, the team has extensive experience and a strong, collaborative approach that extends across CIBC’s commercial banking, private banking, wealth management and capital markets businesses.

About Andgo

Our mission at Andgo is to improve the lives of both our customers and employees. We do this by enabling meaningful and thoughtful work that simplifies complex interactions related to dynamic shift filling and vacation mapping. Andgo's intelligent workflow automation suite fills more shifts faster, with the right people. Our holistic, end-to-end approach drives significant ROI to our customers, particularly in high-volume scheduling environments. For more information, visit our website: http://www.andgosystems.com