100% revenue increase; expanded partnerships with strategic clients
MONTREAL, QUEBEC – April 20, 2016 – Alithya, Quebec’s largest privately-held strategic consulting and IT services firm, today reported financial and operational highlights for its fiscal year ended March 31, 2016 (“Fiscal 2016”).
Revenues increased 100% to approximately $120 million on an annual basis, driven by acquisitions, strategic partnerships and organic growth. During the year, Alithya expanded its service offering and geographic footprint with the addition of over 500 IT professionals, mainly in Canada, bringing its international team nearly 1,200.
“We achieved strong top line growth again in Fiscal 2016 and we have tripled revenues over the past four years. Our success is based on forging long-term relationships with existing clients while attracting new clients and talent,” stated Paul Raymond, CEO of Alithya.
“Our objective is to more than double the size of Alithya over the next three years through further expansion in Canada and by entering the U.S. market. Our track record to date demonstrates our growing ability to compete with major global players. With the support of our key partners-TELUS, Desjardins and Investissement Quebec-and our seasoned management team, we are well-positioned to be an agent of change and a consolidator in the IT consulting industry,” concluded Mr. Raymond.
A pivotal acquisition
In late 2015, Alithya acquired Montreal-based Groupe conseil OSI to become Quebec’s largest privately-held IT consulting firm and a prominent player in Canada. This acquisition increased Alithya’s critical mass by contributing talent, clients and enhancing the service offering. The transaction also brought in development capital investment fund Capital regional cooperative Desjardins, and Investissement Quebec as investors in the Firm.
A client-partner of choice
Alithya also grew organically throughout Fiscal 2016 by securing additional mandates from several new and existing clients in both the private and public sectors.
- Alithya was awarded a strategic mandate with a Canadian scope from TELUS Health to develop major system applications.
- The Firm was mandated to provide business architecture, studies and project management services to the Government of Quebec’s health insurance board (RAMQ).
- Alithya consolidated its partnership with Air France by providing the airline additional application development services and broader technical support across their IT applications.
- The Firm’s relationship and mandates with CN also continue to grow, for whom Alithya provides a suite of various IT services.
Strategic relationship expanded
In early 2015, Alithya struck a long-term partnership with TELUS, a long-standing strategic customer, to grow its suite of information and communication technology services with a focus on managed infrastructure solutions for business customers. Through this partnership, Alithya further strengthened its team with the addition of close to 100 TELUS Professional Services employees. As a result of the partnership, TELUS acquired a stake in Alithya.
Continued market expansion
Alithya has also cemented its national presence across Canada with six locations spanning from Vancouver-the newest Canadian office-to Calgary, Toronto, Ottawa/Gatineau, Montreal and Quebec City. Its footprint in France was expanded with the opening of a fourth office in Toulouse earlier this year to better serve its growing client base in this market. Alithya also has offices in Paris, Aix-en-Provence and Sophia-Antipolis.