Appficiency, a global IT consulting firm and software business focused on AI-powered enterprise digital transformation, has received a minority equity investment from Canadian Business Growth Fund (CBGF) to support expansion and product innovation.
Founded in 2014, Appficiency works with enterprise clients across North America, the United Kingdom, Europe, and the Asia Pacific, providing implementation, optimization, integrations, managed services, and custom application development. The company said the new capital will help broaden its service portfolio across Oracle NetSuite, Salesforce, Microsoft, and other platforms, while adding AI Enablement Consulting and Rapid Assessment offerings to improve technology ROI.
Appficiency also highlighted AskCipher, an AI-powered interface designed to enable natural-language, multi-system workflows across business applications. The company said the tool learns organizational policies to enforce governance and continuously improve, with the goal of helping enterprises get more value from existing technology stacks.
The announcement also highlighted recent momentum, including Appficiency’s 2025 designation as Oracle NetSuite’s Canadian Alliance Partner of the Year. The company said it plans to use the investment to pursue larger, more complex engagements and to expand through strategic acquisitions.
KEY QUOTES
“This partnership marks a pivotal milestone for Appficiency as we scale our global platform and expand the ways we help clients modernize and grow their tech stack. With CBGF as a long-term partner, we’re well-positioned to expand our geographic footprint, deepen our industry capabilities, and continue building innovative AI solutions that create measurable impact for customers.”
Johnny Than, Founder & CEO of Group Services, Appficiency
“Appficiency has built an impressive platform with strong leadership, a deep ecosystem expertise, and a reputation for delivery excellence. We look forward to partnering with the Appficiency team as they execute on their expansion strategy.”
Hai Tran-Viet, Co-Managing Partner, Canadian Business Growth Fund
