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MS Solutions Announces the Acquisition of FXTI

Quebec, April 2, 2021 – It is with pride that MS Solutions, a leader in digital transformation in Quebec, announces the acquisition of FXTI, a large SME working in information technology. 

MS Solutions and FXTI offer digital services, particularly focussed on outsourcing and cybersecurity, and in addition are part of a small circle of Microsoft partners who implement their cloud solutions, including Microsoft 365 and Azure products. This expertise is offered to companies across Quebec and across all sectors of the economy. The acquisition of FXTI will allow MS Solutions to broaden their presence, opportunities, skills, and agility. This transaction is a win-win for both parties and their respective customers.  

Maxime Dion, president of MS Solutions, underlines that: “Together, we will be stronger. The expertise of MS Solutions and FXTI being complementary, we will meet the growing technological needs of organizations here. The MS Solutions family welcomes its new colleagues at FXTI with open arms. Our combined team has a total of 75 technology professionals, from across Quebec and Tunisia, and daily we support our clients’ performance with to cutting-edge technological tools. ? 

Félix Houde, founder of FXTI, mentions that: “Providing a one-stop-shop for technological services to our clients is a priority, and joining forces with MS Solutions allows us to offer an even more complete range of technological products and services. In addition, the geographic presence and expertise of our two companies are complementary, and will allow our people and our customers to grow. FXTI’s mining sector specialization can certainly help MS Solutions to grow and diversify its customer base. ” Félix Houde and his partner, Patrick Perron, will continue to work within MS Solutions in strategic roles, in order to contribute to business continuity and the growth of the company. 

Valuable partners collaborated in the completion of this transaction, including: BDC Capital and Desjardins Entreprises Québec-Capitale with financing, Fasken with legal services, and Mallette with accounting services. 

“By adapting to an ever-changing industry, MS Solutions is implementing a strategy that will solidify its service and tool offerings, in order to better meet the specific needs of its customers,” says Charles Blouin, Director, Growth and Business Transfer Capital at BDC Capital. “Our participation will allow the company to pursue its growth through acquisition, and to increase its presence in the Quebec digital services market.” 

For its part, Desjardins maintains that it is proud to actively contribute to the local support of MS Solutions, in line with its ambitions. 

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