La Caisse invests $10 million in FX Innovation, a Québec leader in IT

unknown

La Caisse de dépôt et placement du Québec (“la Caisse”) announced a $10 million investment in share capital of FX Innovation, a Québec leader in IT consulting services and solutions.This transaction will make it possible for FX Innovation to pursue a growth plan focused on expanding its activities and making acquisitions in North America. The Montréal-based company will also invest in developing innovative solutions for automating IT management.With the gaining importance of digital transformation, the IT sector has strong growth potential, particularly in the area of cloud services. FX Innovation has one of the largest centres of expertise for cloud services in Montréal. false false false ABOUT FX INNOVATION Founded in 2002, FX Innovation has extensive expertise in infrastructure, cloud computing and developing and integrating software. With over 3,500 mandates completed, FX Innovation employs over 535 professionals working for clients in Québec and Ontario, as well as in Boston and New York, in the U.S. Having received many prizes, including the Desjardins Entrepreneur Award for company of the year in the “Innovation and Productivity” category, and been a finalist at the Mercuriades awards and for the E&Y Entrepreneur of the year award, FX Innovation is now one of the major players in the IT industry. For more information on FX Innovation, visit the website at www.fxinnovation.com ou suivez-nous sur Facebook ou LinkedIn. ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at December 31, 2017, it held CAD 298.5 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com/en, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.