F
FX Innovation
As one of the most innovative companies in the industry, they work with our customers to make IT valuable to business
About FX Innovation
FX Innovation operates as a specialized provider of IT services, focusing on multi-cloud environments and business process automation for enterprise clients. Founded in 2002 by Guillaume Bazinet, David Marotte, and Georges Riachy, the Montreal-based company originated from the founders' ambition to create a more agile and client-focused IT consulting firm. Guillaume Bazinet, CEO, has expressed that the firm's early recognition of the potential of cloud services, even as the dot-com bubble burst, allowed them to become an early mover in the market.
A significant milestone in the company's trajectory was its acquisition by Bell, which was announced in May 2023 and completed in June 2023. This strategic move was designed to merge FX Innovation's cloud expertise with Bell's extensive network infrastructure, including its fibre and 5G networks, to deliver comprehensive technology solutions for Canadian businesses. Despite the acquisition, FX Innovation continues to operate as an independent entity under Bazinet's leadership. Another key event was a $10 million investment from Caisse de dépôt et placement du Québec (CDPQ) in 2018 to fuel expansion across North America and Europe.
The company's business model centers on providing managed and professional services for clients navigating complex digital transformations. Revenue is generated through consulting, implementation, and 24/7 management services for IT infrastructure and cloud platforms. FX Innovation acts as an extension of a client's IT team, enabling them to focus on core business activities while ensuring their technology environments are reliable, secure, and optimized. The firm serves medium to large companies, with a significant portion of its client base in the financial and retail sectors.
At the core of its service offering is expertise in multi-cloud management across major platforms, including Amazon Web Services (AWS), Microsoft Azure, and Google Cloud. A cornerstone of its technical capability is its deep proficiency with the ServiceNow platform, which it utilizes for IT workflow automation. The company is a ServiceNow Elite Partner and offers a full suite of services, from strategic planning and implementation to ongoing management and support. To enhance its ServiceNow capabilities, FX Innovation acquired HGC Technologies in October 2024, a move that strengthened its expertise and expanded its presence in the U.S. market.
Source: Dealroom company dataAt a glance
- Status
- Acquired
- Founded
- 2002
- Headquarters
- Montreal, Canada
- Employees
- 670
- Open positions
- 12
- Dealroom signal
- 89.0/100
- Industry
- Enterprise Software
- Sector
- Other B2B Software
- Business model
- SaaS
- Client focus
- b2b
- Investment activity
- 1 company, latest Oct 2024
- Capital deployed
- —
- Preferred round
- ACQUISITION
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | May 2023 | $0 | — | Bell Canada | ↗ |
| EARLY VC✓Equity / VC | Mar 2018 | $10M | $40M | La Caisse | — |
Growth signals
Latest recorded traffic for FX Innovation is 2.3K monthly website visits, down 76.8% over the last three months. FX Innovation's team grew 45.7% over the past year.
Open positions
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A1 investor entered at this stage
La Caisse
Other known investors1 additional known investor
Bell Canada
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about FX Innovation on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
See FX Innovation’s full profile on Dealroom
Request a free trial to see the complete deal history, financials, people graph and growth signals.
Takes under a minute. Already use Dealroom? Log in.