Alithya Welcomes Askida to Its Family and Widens Its Offering of Advanced Application Development and Software Quality Assurance
February 10, 2020
Alithya Group inc. is proud to announce the acquisition of the Askida group of companies.
Askida is a firm specializing in software quality assurance and application development and modernization. Over the past twenty years, the firm of some 110 professionals, operating in Quebec and Ontario, has developed a solid reputation for supporting major clients in the delivery of critical business solutions. The company collaborates with numerous companies and innovative institutions looking to optimize their systems and improve their performance. Askida’s proven successes include the development of mobile or web applications, the modernization of legacy systems, and the creation of open source software or commercial software packages.
“I’m very proud to welcome more than 110 Askida experts to our ranks,” says Paul Raymond, President and CEO of Alithya. Their expertise in application development is very complementary to that of Alithya, and our corporate cultures are similar. They also bring additional expertise in software quality assurance, which will allow us to develop new markets. Their Askida CT software solution, which automates continuous testing, will be a definite asset that will allow us to better serve our customers.”
“One of the values dearest to Alithya is the quality of the business relationships that we share with our customers. At Askida, we see the same desire to develop long-term ties through the attainment of intimate knowledge of the operations and characteristics of each client. It is that approach that enables us to deliver unique added value during each of our interventions. We’re confident that the addition of 110 experts from Askida will allow us to continue to demonstrate why we are trusted advisors in matters of strategic consulting and digital transformation,” concluded Mr. Raymond.
“We’re very pleased to have found the business partner that we’ve been looking for in order to extend our expertise to a much larger client base, and to offer greater challenges to our employees,” adds Steeve Duchesne, President of Askida. Alithya views the evolution of our industry through the same lens as we do, and attaches equal importance to the professional development of its employees. In partnering with a firm of Alithya’s caliber, today marks a milestone in our history that will allow us to grow at all levels, and to continue to distinguish ourselves through the importance of efficiency, quality, and customer appreciation that we attach to our solutions.”
Askida’s many achievements have made the firm a key partner for its customers, comprised equally of multinationals and medium-sized companies operating in the financial services, telecommunications, and energy sectors, where Alithya is omnipresent.
The purchase consideration for the transaction amounts to $16 million, payable in Class A subordinate voting shares and cash, with a portion paid at closing and the balance at future dates. Askida’s revenue for the 2019 fiscal year is approximately $13 million. The transaction will immediately contribute to Alithya’s profitability.
