Fonds régionaux de solidarité FTQ Montérégie Invest $2 million in Diversico

Highlights

• The Fonds régionaux de solidarité FTQ Montérégie grant a $2 million unsecured loan to Diversico to support its growth and allow it to penetrate the Ontario market and the rest of Canada in the short and medium terms.
• Diversico is a large network of financial services firms serving a diverse clientele of individuals, professionals and business owners.
• Diversico employs a growth strategy that revolves around acquisitions.
• It has acquired some 40 firms since its inception in 1991.
• Diversico stands out in its market thanks to major investments made over the years in technological innovations which give Diversico the agility it needs for its Canada-wide expansion:
• iGeny Form virtual library,
• System-Expert iGeny Pro, and
• scanning firm ScanSquad.

BROSSARD, QC, Oct. 6, 2017 /CNW Telbec/ - The Fonds régionaux de solidarité FTQ Montérégie are investing $2 million in Diversico, a large network of financial services firms, headquartered in Brossard.

This loan is intended to give Diversico the impetus it needs to grow through acquisitions in Québec and the rest of Canada.

In 2008, Diversico moved to cutting-edge technology when it developed an agile and collaborative ecosystem that allows it to quickly adapt to change. Revolving around System-Expert iGeny Pro and the scanning firm Scan Squad, in which founder Daniel Guillemette has invested millions of dollars, this unique ecosystem plays a key role in Diversico's success and opens the door to unlimited growth without geographical constraints.

With its integrated sophisticated electronic signature mechanism, System-Expert iGeny Pro has significantly raised Diversico's productivity, in particular, thanks to active post-market management ensuring regulatory compliance. With the help of ScanSquad, acquiring the clientele of a consultant who wishes to withdraw or focus on relational activities takes just a few days.

Quotes

"Diversico is a perfect example of a services firm that has been able to innovate and leverage technology tools tailored to its needs. This, together with its uncanny ability to analyze portfolios for sale, has allowed the firm to make great strides and we're proud to contribute to their plans to expand into new geographic markets."
Johanne Pilon, Regional Director, Fonds régionaux de solidarité FTQ Montérégie

This investment by the Fonds régionaux de solidarité FTQ Montérégie speaks to their confidence in our strategic plan. Their support is invaluable for our growth in Québec and across Canada. They have recognized the value of the technology investments we made in order to improve our performance at every level."
Daniel Guillemette, President, Diversico

About the Fonds régionaux de solidarité FTQ
The Fonds régionaux de solidarité FTQ have been helping to further regional economic development in Québec for over 20 years. An integral part of the Fonds de solidarité FTQ network, the Fonds régionaux have invested $697 million in 1,095 projects since 1996, helping to create, maintain or protect close to 39,400 jobs. www.fondsreg.com

About Diversico
Headquartered in Brossard, Québec, Diversico is a network of financial services firms serving over 30,000 professionals, individuals and business people. As a result of its enviable reputation in the industry, Diversico was admitted to the Temple de la renommée de l'industrie financière du Québec in 2016, ranking among the TOP 5 multidisciplinary firms in Québec. www.diversico.ca

SOURCE Fonds de solidarité FTQ