Fresche Solutions Inc.
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Fresche Solutions Inc. - overview
Established
1976
Location
Montreal, QC, Canada
Primary Industry
IT Infrastructure
About
Fresche Solutions specializes in modernization services for IBM i and Microsoft systems, transforming legacy applications and databases into agile platforms with advanced tools and strategies. Founded in 1976 and headquartered in Montreal, Canada, Fresche Solutions provides services that enhance the efficiency of legacy systems. The company was fully acquired in December 2020 by American Pacific Group and Northstar Capital. Daniel Crépeau and Joe Zarrehparvar currently serve as the CEOs, leading the organization through its strategic initiatives.
Fresche Solutions offers modernization services tailored for IBM i and Microsoft systems, providing tools such as X-Analysis, Presto, WebSmart, Formtastic, and FastFax. These tools improve data accessibility, streamline reporting, and enhance security measures. The company serves over 2,200 organizations globally, including clients like PriceSmart, Winsupply, and MedAxiom, with a strong presence in North America, Europe, and Latin America. Fresche Solutions operates on a subscription-based model, engaging clients in multi-year agreements for software licensing and support services.
Their AI-powered modernization tools and cloud-managed services generate recurring revenue through ongoing support and maintenance contracts, with typical transactions involving multiple software licenses for enterprise use. Following its acquisition in December 2020, Fresche Solutions is focusing on the development of new products aimed at enhancing their modernization services. The company plans to expand into new markets, specifically targeting Europe and Latin America by the end of 2023. The recent funding will support these initiatives, facilitating product development and market entry strategies.
Current Investors
Northstar Capital, American Pacific Group
Primary Industry
IT Infrastructure
Sub Industries
Consulting Services, Web Development, IT Infrastructure, Analytics & Performance Software, Content Management Software, HR & Workforce Software
Website
www.freschesolutions.com
Verticals
Cloud Computing, Mobile Apps
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Fresche Solutions Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | OmniData | - | ||||||||
| Add-on | Completed | Silveredge Consulting | - | ||||||||
| Add-on | Completed | Trinity Guard | - | ||||||||
| Add-on | Completed | Abacus Solutions LLC | - | ||||||||
| Buyout | Completed | Fresche Solutions Inc. | - |
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