I-deal Development


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CIAO TECHNOLOGIESIT LINK

I-Deal Development advises Ciao Technologies on its merger with listed group IT Link

Founded in 2006 by Jean Drouin, Ciao Technologies is a major player in the field of BtoB services and IT consulting in Canada, particularly in the province of Quebec, where it is based. The company specializes in IT systems development, Web accessibility and Web development via its digital studio.

Ciao Technologies was named one of Canada’s 500 fastest-growing companies between 2016 and 2020 by Canadian Business, as well as one of Quebec’s “Top 300 SMEs” in October 2023.

The company has forged an indisputable, long-standing reputation in the Quebec market, and maintains important, solid relationships with private and government customers, delivering tailor-made support in the management of their IT projects and digital transformation.

Today, Ciao Technologies Inc. employs 88 people, including 77 consultants, and relies on a network of 27 subcontracting partners. For the year ended March 31, 2023, the company generated sales of CAD 10.7 million.

The shareholders of Quebec-based Ciao Technologies commissioned I-Deal Development to identify the best counterparty and leverage its international transatlantic network.

With 35 years of experience, IT Link is the first Digital Services Company (ESN) specializing in connected systems. IT Link innovates alongside major players in industry and services. This ESN provides consulting, technical assistance and expertise, development packages and service centers for all project phases: design, implementation and operation. Groupe IT Link has more than 750 employees working in 14 agencies in Europe, Morocco and Canada, a cutting-edge technical department, 4 R&D centers and three brands: IT Link, NRX and RADèS.

This operation is fully in line with the Connext’25 plan, and will enable Groupe IT Link to develop its presence in North America by recruiting 250 people, increasing its annual sales by 50% in its business solutions activities, and doubling its international business by the end of 2024.

“I really appreciated I-Deal Development’s M&A advice and support throughout the transaction. I would particularly like to thank Paul-André and Jules for their involvement and professionalism.” Jean Drouin, Chairman of Ciao Technologies

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