Applango USA, Inc., a subsidiary of Israel-based Applango Systems, will open its U.S. headquarters
at the Stamford, Connecticut
, Innovation Center, as part of a project designed to expand the company’s regional presence.
The firm develops software that provides analytics and business intelligence for Enterprise SaaS or Software as a Service applications that enable companies to optimize their usage.
“Israel’s economy is one of the strongest and most dynamic of the industrialized nations, becoming known as the nation of startups. It is important for Connecticut’s long-term economic viability that we develop partnerships with Israel and its many
innovative and creative companies,” said Governor Dannel P. Malloy
. “Supporting Applango USA and its project makes good business sense and builds on other efforts the state is taking to strengthen economic ties with Israel.”
The Connecticut Department of Economic and Community Development will provide Applango with a $100,000 grant
to support the project.
“Applango chose to open its U.S. headquarters in Connecticut to be close to its largest customers
and to have easy connections to both its base in Israel and to the rest of the U.S
.,” said Applango USA’s CEO Daniel Sarfati.“Applango's management also found a welcoming business community striving to actively contribute on a daily basis to its success.”
“My recent trade mission to Israel put in place a foundation for greater collaboration and cooperation on the academic, business and government levels,” said DECD Commissioner Catherine Smith.“A new study by the New England-Israel Business Council details the tremendous economic impact Israeli companies have when they start their US operations.Our pitch to Israeli companies:choose Connecticut. Here you get the benefits of access to the entire east coast market with a fraction of the cost of moving to the New York or Boston markets.”