GSoft to accelerate global growth: Raises CA$125M in funding

 GSoft to accelerate global growth: Raises CA$125M in funding

Image courtesy: GSoft

Montreal-based software company GSoft Inc. has secured CA$125 million in funding from global investment group CDPQ to accelerate global growth.

With this fresh funding, GSoft aims to broaden its product range through strategic acquisitions. The company plans to expand its human resources and employee-experience software offerings. This move aims to strengthen GSoft’s presence, especially in the US market, where there are limited options for potential buyers.

It’s the right time to take GSoft to the next level and continue to build and grow our company so that it can thrive for decades to come. With the support of CDPQ, we have the financial means to seize more of the opportunities we see in the market and achieve our big ambitions for the future.”

Simon De Baene, GSoft’s Co-Founder and CEO

Caisse de Depot et Placement du Quebec (CDPQ) is known for managing funds for public pension and insurance plans. The investment marks its entry as the first external investor in GSoft. As the second-largest pension manager in Canada, CDPQ’s investment underscores its goal to enhance Quebec’s economic development. The fund aims to increase its assets in the province to CA$100 billion by 2026. By investing in GSoft, CDPQ aims to leverage its expertise and networks to foster growth and explore further acquisition opportunities.

Supported by a growing demand for products that enhance employee experience in increasingly digital workplaces – combined with an impressive track record for building successful products – GSoft is a partner that delivers sustained value for its clients.”

Kim Thomassin, CDPQ’s Executive Vice-President and Head of Québec

Also read: Quick backend development tool Platformatic gets US$3.5M seed

Driving global growth: GSoft’s cutting-edge software solutions

Since its inception 17 years ago, GSoft has been developing software products that focus on enhancing the employee experience. Its flagship offerings include ShareGate, a management solution for Microsoft 365, and Officevibe, a tool designed to empower HR leaders and managers.

GSoft’s recent releases, Softstart and Talentscope have been instrumental in strengthening its portfolio. According to the company, these products are helping thousands of IT professionals worldwide to drive digital transformation and facilitate team performance, engagement, and recognition.

GSoft’s products are already utilized by over 16,000 companies globally, including giants such as IKEA and Salesforce. The surge in remote work has contributed to the company’s revenue growth, surpassing C$100 million. Earlier this year, GSoft achieved a significant milestone by acquiring Quebec City’s Didacte, a provider of web-based learning management systems.


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