GSoft announces CA$125 million investment from CDPQ to accelerate growth strategy

GSoft, a leading software company behind products that improve the employee experience for 16,000 companies in more than 100 countries, announced today an investment of CA$125 million from CDPQ, a global investment group. Bootstrapped and profitable since its foundation 17 years ago, this external funding is an important milestone for GSoft.

Headquartered in Montreal, Canada, GSoft has created highly successful software products that make work simpler, kinder and faster. Flagship products include:

• ShareGate, a Microsoft 365 management solution used by more than 75,000 IT professionals worldwide to achieve their company’s digital transformation
• Officevibe, software designed to equip human resources leaders and managers to contribute to their team's performance, engagement, and recognition

“GSoft’s success definitely came from our unique ability to build simple products that solve a few key problems in the workplace. Today, the world of work is changing rapidly, creating many challenges and we see a lot of opportunities to improve the employee experience – a truly unique moment in time and a massive playground for us,” says Simon De Baene, GSoft’s Co-Founder and CEO. “It’s the right time to take GSoft to the next level and continue to build and grow our company so that it can thrive for decades to come. With the support of CDPQ, we have the financial means to seize more of the opportunities we see in the market and achieve our big ambitions for the future.”

“Supported by a growing demand for products that enhance employee experience in increasingly digital workplaces – combined with an impressive track record for building successful products – GSoft is a partner that delivers sustained value for its clients,” says Kim Thomassin, CDPQ’s Executive Vice-President and Head of Québec. “CDPQ is pleased to support the execution of GSoft’s strategic growth plans as the company looks to broaden its product offering and consolidate its market position.”

“CDPQ is an ideal partner for us because they value our strong fundamentals and our sustainable approach to growth, both of which have been at the heart of our success from day one and set us apart in the B2B SaaS market,” says Martin Gourdeau, President & General Manager at GSoft. “With their support, we will accelerate our growth strategy through acquisitions, broaden our product offering, amplify GSoft’s presence and gain market share in existing and new markets. Today’s announcement marks a very important milestone in GSoft’s journey – one we are tremendously proud of – and as we look to the future and the opportunities ahead, we believe the path forward for GSoft is very exciting.”

Two recent additions to GSoft’s product portfolio came from GSoft’s innovation lab, the R&D branch of the company. The first of these is Softstart, software that transforms employee onboarding into a vibrant, organized and efficient experience. The second is Talentscope, software that empowers people-first teams to map their skills, develop their talents and accelerate their growth to create more engaging and productive workplaces. Rounding out GSoft’s current product portfolio is Didacte, a learning management system (LMS) recently acquired and designed to build, manage and monitor employee training.