Kudos Chosen for $1 Million in Federal Funding to Expand and Reach New Markets

CALGARY, ALBERTA: On August 4, 2021, Kudos® was one of 15 Alberta, Canada firms selected for federal funding to scale up and enhance productivity in Western Canada. This funding was granted by Western Economic Diversification Canada (WD) through the Business Scale-up and Productivity (BSP) program.

BSP supports high-growth businesses that are scaling up and producing innovative goods, services, or technologies. Kudos, the employee engagement and recognition solution, was selected to receive $1 million to support their continued growth and market expansion, given the significant increase in demand for distributed work solutions.

"We're honoured to be part of this class of innovative and growing Alberta companies," says Muni Boga, CEO and Co-Founder of Kudos. "We're working to support organizations worldwide in measuring and improving employee engagement, culture, and performance. The rapid global shift to distributed workforces has presented an unprecedented demand and opportunity for Kudos. This investment will support a broad set of growth initiatives that are currently underway to scale Kudos and meet demand."

"The Government of Canada is committed to supporting business productivity and growth in industries across the country," says The Honourable Mélanie Joly, Minister of Economic Development and Official Languages, and Minister responsible for Western Economic Diversification Canada. Our Business Scale-up and Productivity program gives high growth companies the opportunity to advance their market share, create new jobs, and become more competitive within their industry. I'm proud that we're investing in these 15 Alberta companies to help ensure they can continue to grow and create new opportunities in the West."

About Kudos: Kudos® is an employee engagement, culture, and analytics platform, that harnesses the power of peer-to-peer recognition, values reinforcement, and open communication to help organizations boost employee engagement, reduce turnover, improve culture, and drive productivity and performance. Kudos uses unique proprietary methodologies to deliver essential people analytics on culture, performance, equity, and inclusion, providing organizations with deep insights and a clear understanding of their workforce. Based in Calgary, Alberta, Canada, Kudos is used in over 80 countries on five continents. in a wide variety of industries and languages.