Mergers and Acquisitions, Mergers and Acquisitions, MSP, Telecom cloud, Unified communications

Bell Acquires FX Innovation to Expand Cloud Managed Services

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Canadian broadband and telecommunications company Bell has acquired FX Innovation, a Montréal-based managed and professional services and workflow automation solutions provider.

This is technology M&A deal number 139 that ChannelE2E and MSSP Alert have covered so far in 2023. See more than 2,000 technology M&A deals for 2022, 2021, and 2020 listed here.

Bell Acquires FX Innovation

Bell, founded in 1880, is headquartered in Montréal, Quebec, Canada. The company has 36,666 employees listed on LinkedIn. Bell's areas of expertise include advanced broadband wireless, TV, internet, media and business communication services.

FX Innovation, founded in 2002, is based in Montréal, Quebec, Canada. The company has 326 employees listed on LinkedIn. FX Innovation's areas of expertise include consulting services, cloud services, IT monitoring, NOC, ServiceNow, Microsoft Azure, Google, and AWS.

The acquisition will expand Bell's expertise in the managed cloud and professional services space and give FX Innovation a larger geographic footprint, allowing both companies to scale their businesses. After the deal closes, FX Innovation will continue to operate independently under the leadership of current co-founder and CEO Guillaume Bazinet. The transaction is subject to regulatory approvals and is expected to close in the second or third quarter of 2023.

Bell Acquires FX Innovation: Executive Insights

John Watson, customer experience & AI, Bell
John Watson, group president, business markets, customer experience & AI, Bell

Guillaume Bazinet, co-founder and CEO, FX Innovation

John Watson, group president, business markets, customer experience & AI, Bell, commented:

"We're genuinely excited that FX Innovation will join the Bell group of companies. This really is an instance where the result is greater than the sum of its parts. FX Innovation's depth in cloud services will complement the strengths within Bell Business Market's Advanced Products and Services team, and together, we will enable customers to accelerate their digital transformation through cloud adoption and management, backed by Canada's best network."

Guillaume Bazinet, co-founder and CEO, FX Innovation added:

"We are very excited about this important announcement, and to partner with a fellow Québec-based company to advance cloud services for organizations in Canada and beyond. By joining forces with Bell, we will accelerate our journey to become a global player, enable companies to realize their digital transformation initiatives, and ultimately generate a positive impact for our economy."

Sharon Florentine

Sharon is a master technology storyteller and editor with omnichannel experience: books and print magazines, digital, webcast, blogging, podcast, live events and video and associated brand-specific social media content. From 1999 to 2003, she acquired and edited technology books and certification exam prep guides.

After a year spent in publicity and editorial at mass-market book publishers, she returned to tech publishing and, since 2004, explored B2C and B2B news, issues and trends in consumer, lifestyle, software, software development, AI, ML, networks, big data, hardware, security, storage, cloud, equity, inclusion, diversity, women in tech, career development, IT management, H-1B visa issues and immigration, education, training and learning.

Her previous role was as the managing editor at Techstrong Group in charge of Cloud Native Now, DevOps.com, Security Boulevard and Techstrong ITSM and their brand-specific social media. She currently serves as editorial director for CyberRisk Alliance’s channel brands, ChannelE2E and MSSP Alert and acting editorial director for SC Media UK. Drop me a note and let’s talk!

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