On March 1, 2023, Equisoft, a global digital solutions provider for the financial industry, announced the successful closure of a $125 million equity investment. Investissement Québec and the government of Québec contributed $70 million, with the balance sourced from existing investors Export Development Canada (EDC) and Fondaction. Equisoft, established in 1994, specializes in digital solutions for life insurance and wealth and investment management. The new funds will bolster global growth organically and via strategic acquisitions. Furthermore, they'll expedite the evolution of Equisoft's integrated life insurance software platform and wealth products. Equisoft has witnessed consistent double-digit organic growth for a decade, serving over 250 financial institutions across 17 nations. In the last five years, Equisoft expanded its reach, notably in LATAM, the Caribbean, Europe, and North America. The Québec investment includes $36 million from Investissement Québec and $34 million from the Fonds pour la croissance des entreprises québécoises (FCEQ). Pierre Fitzgibbon, Minister of Economy, Innovation and Energy, emphasized the importance of digital transformation for Québec businesses. Guy LeBlanc, President and CEO of Investissement Québec, acknowledged Equisoft's global leadership in digital transformation for financial institutions. Guillermo Freire from EDC highlighted their 14-year partnership with Equisoft and Equisoft's continued growth in international markets. RBC Capital Markets acted as the exclusive financial advisor to Equisoft for the transaction.