The company, currently based in Vancouver, makes asset-monitoring technology for owners of buildings, energy-processing facilities and wind turbines. The firm’s memorandum of understanding with Invest Alberta for the move does not include financial support or tax incentives, Andrew Fisher, a spokesperson for the provincial Crown corporation, told The Logic. “MCloud will be expanding local hiring” beyond the 100 staff—of about 300 total—it currently has in Calgary. (The Logic)

Talking point: The firm markets its technology as emissions-reducing because it helps owners identify inefficiencies and extend the life of equipment; it’s currently testing a new way to identify fugitive emissions. Invest Alberta will connect mCloud to potential clients. The agency, set up in July 2020, is part of the provincial government’s tech-heavy plan for a post-pandemic economic recovery. Vancouver is one of the markets it’s targeting in its bid to attract businesses, Innovation Minister Doug Schweitzer told The Logic in August 2020.