KITCHENER — When Marc Staveley sits down with a software developer he wants to recruit for Index Exchange Inc., he has a story to tell that few others can match.
Staveley, Index Exchange’s chief technology officer, oversees a globe-girdling computer system that links more than 6,000 servers processing a mind-boggling amount of information every second.
“There are not a lot of Canadian companies who work at the scale we do,” he says during an interview in the company’s eighth-floor office at 305 King St. W. in downtown Kitchener.
With more than 2,000 job openings in Waterloo Region’s tech sector, the competition for talent is white hot. Staveley uses the challenge of working with big data to attract new recruits to Index Exchange.
“The market is tight,” he says.
When Index Exchange opened an office in Kitchener in 2016, three people worked there. The office now has a staff of 36. Staveley wants to hire 50 more software developers this year for offices in Kitchener, Toronto and Montreal.
“We are doing pretty well,” says Staveley.
Index Exchange has 450 employees in Canada, the United States and Europe. Half of them are software and hardware engineers.
Founded in 2012 to compete against the biggest advertising platforms on the internet, including Google and Facebook, Index Exchange runs automated auctions for open ad space on websites.
The spaces are called slots. Index Exchange runs code on the pages of its clients, which include the New York Times, the Washington Post and Condé Naste.