Alithya raises $17 mln from CRCD, IQ, Telus Ventures, iA Financial

Alithya, a Canadian provider of consulting services in information technology and organizational management, has raised $17 million in additional funding. Existing investors Capital régional et coopératif Desjardins (CRCD), Investissement Québec (IQ) and Telus Ventures participated in the deal, as did new investor iA Financial Group. Québec City-based Alithya, which reports growth of more than 400 percent over the past five years, said the funds raised will help increase its market presence in Canada and abroad. Led by President and CEO Paul Raymond, Alithya last October acquired Pro2p, a Montréal provider of business consulting services.

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