VC investors back Fresche Legacy's acquisition of Quadrant
Montréal-based legacy management platform Fresche Legacy has acquired Quadrant LLC, a U.S. provider of application modernization, mobile development, business intelligence and document distribution solutions and services. No financial terms were disclosed for the deal, which was backed by Fondaction CSN, Fonds de solidarité FTQ and Bank of Montreal. Fresche said the deal positions it as a leading provider of value and solutions for IBM i customers. The company's buy of Quadrant follows earlier acquisitions, including looksoftware (2014) and Databorough (2013). Fonds de solidarité FTQ announced in late 2015 that it had invested $7.8 million in Fresche.
9 June 2016•5 mins read
