Osedea has acquired fellow Québec-based tech consultancy Ventriloc to add capabilities that can help it take on larger competitors.
The news: Osedea announced on Monday morning that it had acquired Ventriloc for an undisclosed amount, but told BetaKit in an email that the deal was financed entirely through its own capital and resources. Osedea specializes in developing custom software for AI, software engineering, and robotics applications, while Ventriloc’s specialty lies in data and business intelligence.
By combining, Osedea and Ventriloc said they aim to build a world-class organization that can compete with the largest consulting firms while keeping intellectual property, jobs, and expertise locally anchored.
From the source: “Together, we’ll unite artificial intelligence, software engineering, product design, and robotics under one roof,” Osedea founder and president Martin Coulombe wrote in a LinkedIn post, which BetaKit has translated from French. We can assist our clients with more comprehensive projects — from data to deployment — with one team responsible for the whole solution.”
The context: According to Osedea’s website, the company develops software for the manufacturing, health, mining, finance, and agri-food industries. Some of its projects include work with firms like Autodesk on its mobile development, Ubisoft on its web platform, and building an AI and robotics solution for Québec aluminum manufacturer Aluminerie Alouette. For its part, Ventriloc helps companies with their data management and visualization, AI integration, and UI/UX design.
The acquisition adds 25 employees to Osedea, bringing the firm’s headcount to more than 100 people. This includes the addition of Ventriloc founders Jean-François Laberge and Paul-Alexandre Viger, who are now partners at Osedea.
Final thought: Osedea said its workforce is almost exclusively based in Québec, with teams across Montréal, Québec City, and Sherbrooke. The company said it intends to continue hiring in Québec, and hopes by doing so it can attract large-scale projects from local and international markets.
Feature image courtesy Osedea.