Kovasys Inc.

August 01, 2008 20:40 ET

Shortage of IT professionals in Quebec

Recent tax incentives and subsidies inspired many companies to relocate or expand to Montreal, in order to benefit from these circumstances. However it is becoming harder to find qualified candidates

Attention: Business/Financial Editor, Tech/Telecomm Editor MONTREAL, QUEBEC, TAX INCENTIVES TECHNOLOGY--(Marketwire - Aug. 1, 2008) - Quebec is experiencing an IT boom. Recent tax incentives and subsidies inspired many companies such as Morgan Stanley and Eidos to relocate or expand to Montreal, in order to benefit from these circumstances. However due to the high demand for IT professionals, it is becoming harder to find qualified candidates to fill all the new positions.

Hired to handle the sudden enormous need for IT personnel is Kovasys, Inc., an IT recruitment company based in Montreal with clients like Ubisoft and Morgan Stanley. When asked, Alex Kovalenko, Director of Operations at Kovasys, Inc. said in a statement: "Due to the enormous growth of the IT industry in Quebec, specifically the region around Montreal, there is a serious shortage of available and qualified IT professionals. Currently we are forced to look for talent outside of Quebec, because it seems like we have placed every single IT professional."

But the swarming of companies to Montreal is seemingly just starting. Besides EA Arts and PC Mall, Eidos has also opened a studio in Montreal attracted by the tax breaks offered by the Government of Quebec through Investissement Quebec and Emploi Quebec.

Estimates are that in few years, if not months, there are not going to be enough IT professionals to fill all available IT positions created by these tax incentives unless new candidates are willing to relocate from elsewhere to Montreal.

Meanwhile, the Kovasys headhunters are swarming other parts of Canada, the USA and even Europe for suitable IT personnel. Kovalenko explains: "Clients like Morgan Stanley and Ubisoft require only the best. Qualified but available IT personnel are getting rare in Montreal, so we have to look elsewhere. Nevertheless, I believe that soon Montreal is going to be the IT capital of the world." IN: ECONOMY, LABOUR, TECHNOLOGY

Contact Information

  • Alex Kovalenko, Director of Operations, Kovasys Inc.
    Primary Phone: 514-907-3192
    Toll-Free: 888-568-2747
    E-mail: alex@kovasys.com