Fresche Solutions is a Montreal-based provider of software and services that modernize, manage and extend the life of applications and databases running on IBM i (IBM Power Systems). Its portfolio spans IT strategy, code and database modernization, GUI/web/mobile enablement, reporting, and staff augmentation, positioning the firm as a one-stop shop for the global IBM i community. The company reports being "highly profitable," serving a potential market of more than 100,000 IBM i clients and sustaining above-industry margins through a mix of direct sales, partnerships and recurring revenue from a loyal customer base. Fresche has grown to well over 400 employees, creating over 200 tech jobs in the last two years, and has been named a Top Montreal and Canada Employer four consecutive years. Management touts a proven acquisition and integration track record, which, alongside organic growth, underpins its strategy to build the world’s largest portfolio of IT modernization solutions. The firm’s solutions help clients transition legacy RPG, COBOL, CA 2E Synon and Java applications to modern web, mobile, cloud and AI architectures.

Total raised

$66M

Funding rounds

2

Latest round

Equity

Latest activity

May 2018