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Advanced Network Management Expands Albuquerque, New Mexico, Headquarters

08/06/2018
Information technology company, Advanced Network Management will invest nearly $6 million expand to a new headquarters in Albuquerque, New Mexico. The company plans to create up to 40 new high quality technology and management jobs.

According to state officials, during initial talks with the company ANM was focused on attaining a 5-year lease for 'short-term' growth, but through collaborative economic development efforts by the state, city, and company this plan significantly evolved, ANM has chosen to acquire a new headquarters rather than lease which will help the company establish deeper roots in New Mexico.

The project is still subject to final approval by the Albuquerque City Council and the company would relocate to its new Headquarters upon completing the acquisition, Governor Susana Martinez’s Office said.

As an incentive, the New Mexico Economic Development Department will invest up to $750,000 in Local Economic Development Act funds in the expansion and the City of Albuquerque will contribute $250,000 of LEDA funds. The LEDA award for ANM rewards long-term commitment and incremental job creation. The City will act as the fiscal agent for the award. LEDA is New Mexico's closing fund, a tool that recruits new businesses to the state while helping those that are already here grow.

"ANM is honored to be considered by the State of New Mexico and City of Albuquerque for funding through the Local Economic Development Act to support our proposed HQ expansion project." said ANM CEO, Raminder Mann. "ANM has had tremendous success over the last 5 years in expanding our engineering capabilities to be a top technology solution provider at the local, regional, and national level.”

“ ANM is truly a New Mexico company, established in Albuquerque in 1994 and continues to work closely with New Mexico's educational institutions to build a strong local technology workforce,” Mann added, “ANM is committed to being a leader in our industry in innovative ideas, technologies, initiatives and being an employer of choice. This Albuquerque HQ expansion will enable us to deliver on our commitment to our New Mexico community of hiring local talent and increasing investment in training and workforce development in upcoming technology areas."

"Advanced Network Management, headquartered in Albuquerque, is a rapidly growing technology firm that provides a variety of IT solutions to some of the world's best known companies," said Debra Inman, Senior Vice President of AED. "ANM is an employer of choice, creating high-paying jobs for New Mexicans, investing in workforce development and participating in community initiatives to strengthen our technology sector. We are excited about ANM's expansion plans and look forward to the company's continued success here."

"It's always a pleasure to announce that a company from right here in New Mexico is expanding and increasing their investment in our state," said Governor Martinez. "By making the decision to stay here long-term, ANM is encouraging growth in New Mexico, creating quality jobs and showing us why it's critical to continue our commitment to making New Mexico business-friendly."

"ANM's expansion represents a true measure of how New Mexico's economic development toolbox makes a powerful difference" said Economic Development Secretary Matt Geisel. "Supporting homegrown firms has always been a priority, and ANM's growth here represents how tools like LEDA and JTIP can serve to accelerate and anchor growth within our state. I am thrilled ANM is deepening its roots to expand and strengthen New Mexico's competitiveness and innovation in the technology arena."

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