Three Quebec Investors to support the growth of R3D

Quebec City, 15 August 2019 – Management and information technology consulting firm R3D Consulting is pleased to announce that a consortium of three major Quebec investors, namely Investissement Québec (IQ), La Capitale Insurance and Financial Services and Quebecor (TSX: QBR.A, QBR.B) has gained capital shares in the Quebec company to ensure its development and accelerate its growth.

“The invaluable support provided by Investissement Québec, La Capitale and Quebecor gives us the means to match our ambitions. It also opens the door to new strategic alliances which will leverage the expertise of our professionals,” pointed out Mr. Claude Levasseur, the new President and Chief Executive Officer at R3D.

Claude Levasseur was previously the firm’s Executive Vice-President and replaces Marc-André Roy, a visionary and innovative entrepreneur with a long history of success stories who co-founded R3D in 1996. Mr. Roy remains a shareholder and will continue to serve as a member of the Board of the company which today has 500 professionals in Quebec City, Montreal, Toronto, the United States, Mexico and France.

“I’m happy that R3D’s future is in good hands and will remain firmly rooted in Quebec. The possibilities are endless and I have the utmost confidence in the team in place,” Mr. Roy said.

A FOCUS ON GROWTH

The arrival of new investors will enable R3D to accelerate its growth, notably through the development of a new customer base, the advancement of its digital development studios and the potential acquisition of other players in this highly competitive market.

“Investissement Québec is proud to be able to contribute to consolidating R3D’s position in Quebec by enabling the firm to continue to expand and ensure its long-term continuity. We are offering our support to one of Canada’s major players in the field of IT consulting services, one that is seeking to develop new business opportunities, broaden its offer of services and further extend its presence in foreign markets, while at the same time showcasing Quebec know-how in the integration and deployment of technological solutions,” indicated Mr. Guy LeBlanc, President and Chief Executive Officer of Investissement Québec.

For Mr. Jean St-Gelais, Chairman of the Board and Chief Executive Officer at La Capitale, this is a win-win agreement. “We are extremely proud to both support the development of a Quebec firm that has the wind in its sails and be able to count on the expertise of R3D Consulting in achieving our mutual fund company’s strategic objectives,” he stated.

“Quebecor is pleased to join forces with a rapidly expanding Quebec firm whose financial health will allow for sustained growth and the development of local talent in a cutting-edge industry, talent that is in demand both here and abroad,” asserted Quebecor President and Chief Executive Officer Mr. Pierre Karl Péladeau.

It should be noted that R3D is currently actively recruiting new talent and is seeking fill no fewer than one hundred positions at its Canadian and international business units.

ABOUT R3D CONSULTING

Founded in 1996, R3D provides consulting services to help clients improve their business and technological performance. The Quebec-based business has over 500 professionals working at offices in Canada, the United States, Mexico and France. It ranks among the 20 largest Canadian-owned IT consulting firms and focuses its expertise in the areas of public administration, financial services, insurance and manufacturing.

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