- The acquisition combines the expertise of both companies to
offer a comprehensive suite of ServiceNow capabilities, powering
North American businesses' IT transformation with digital workflow
automation.
- HGC Technologies brings application development, HR service
management, and a strong North American talent base to FX
Innovation, strategically positioning FX Innovation for growth in
the U.S. market.
MONTRÉAL, Oct. 9, 2024
/CNW/ - FX Innovation, a Bell Canada company, announced today the
acquisition of HGC Technologies (HGC), an Elite ServiceNow partner.
Based in Montréal, with Canadian and American operations, HGC has a
proven track record of helping clients maximize their business
impact with the ServiceNow digital workflow platform. With
customized integrations of the platform into their clients' own
ecosystems, they help accelerate results.
HGC strengthens FX Innovation's expertise in process automation,
cloud technologies, and digital transformation, bringing strengths
in business application development, HR and customer service
delivery, and a strong North American talent base to support
growth. HGC's existing US customer base aligns with FX Innovation's
strategic plans for expansion into the US market, providing
immediate access to a new and growing customer segment.
This acquisition unites Canada's ServiceNow experts, reinforcing a
comprehensive ServiceNow Centre of Excellence with a complete suite
of enterprise-ready capabilities. This move marks another
significant step in Bell's transformation journey from traditional
telco to technology services leader. Combined with Bell's reliable
connectivity and advanced cybersecurity services, with HGC on
board, FX Innovation can now offer clients across a wide range of
industries end-to-end ServiceNow-related services, AI-driven
automation and insights, and expertise to help drive business
transformation.
Quotes
"We are excited to welcome HGC to the FX Innovation team!
Combining FX Innovation's expertise with HGC's mastery of
ServiceNow creates a truly unique and powerful offering. HGC's
expertise with application development on the Now® platform fits
well with Bell's market strategy, enabling us to deliver
custom-built solutions that meet our clients' needs. Our strong
partnerships with AWS, Microsoft Azure, Google Cloud, and
Salesforce, in addition to ServiceNow, backed by Bell's network,
empower us to unlock the potential of our platform approach to
support mission-critical business outcomes."
- Guillaume
Bazinet, CEO, FX Innovation
"I am very pleased to welcome the HGC team to the Bell Canada
group of companies. Our goal is to create a $1 billion start-upi and to be
the best Systems Integrator and Managed Services Partner for our
customers. Bringing outstanding founders and their teams together,
while leveraging Bell's scale and resources to develop deep
platform and vertical industry expertise is a winning strategy. We
are strategic operators, aligning vertical business innovation with
the power of the best platforms to help customers maximize the
business impact of their investments and resources."
- John Watson,
Group President, Bell
"HGC is thrilled to be joining forces with FX Innovation and
Bell. This union will provide us with the resources and scale to
reach a wider customer base and help more organizations unlock the
full potential of ServiceNow. We are excited to leverage FX
Innovation's expertise and Bell's network to deliver even more
value to our clients."
- Pietro Greco,
CEO, HGC Technologies
About Bell
Bell is Canada's largest
communications company,1 providing advanced broadband
Internet, wireless, TV, media and business communication services.
Founded in Montréal in 1880, Bell is wholly owned by BCE Inc. To
learn more, please visit Bell.ca or BCE.ca.
Through Bell for Better, we are investing to create a better
today and a better tomorrow by supporting the social and economic
prosperity of our communities. This includes the Bell Let's Talk
initiative, which promotes Canadian mental health with national
awareness and anti-stigma campaigns like Bell Let's Talk Day and
significant Bell funding of community care and access, research and
workplace leadership initiatives throughout the country. To learn
more, please visit Bell.ca/LetsTalk.
|
1 Based on
total revenue and total combined customer
connections.
|
About FX Innovation
Experts in multi-cloud, hybrid infrastructures and business
process automation, FX Innovation, a Bell Canada company, provides
the technological foundations on which great companies are built.
Headquartered in Montreal, Canada,
they support digital transformation with a broad ecosystem of
specialty services and technology providers including AWS,
Microsoft Azure, Google Cloud, ServiceNow and, Salesforce.
About HGC Technologies
HGC Technologies is a digital acceleration company shaping the
future of work by assisting ServiceNow clients to modernize their
legacy applications and digitize their business processes by
managing and evolving their Now® Platform.
Media contacts
Bell/FX Innovation/HGC: media@bell.ca
Bell Investor Relations
Richard.bengian@bell.ca
_____________________________
i Caution Concerning Forward-Looking Statements
Certain statements made in this news release are forward-looking
statements, including statements relating to certain benefits
expected to result from the acquisition of HGC Technologies, FX
Innovation's growth prospects and strategic plans, the goal to
create a $1 billion start-up and
other statements that are not historical facts. All such
forward-looking statements are made pursuant to the "safe harbor"
provisions of applicable Canadian securities laws and of the United
States Private Securities Litigation Reform Act of 1995.
Forward-looking statements are subject to inherent risks and
uncertainties and are based on several assumptions which give rise
to the possibility that actual results or events could differ
materially from our expectations. These statements are not
guarantees of future performance or events, and we caution you
against relying on any of these forward-looking statements. The
forward-looking statements contained in this news release describe
Bell's expectations at the date of this news release and,
accordingly, are subject to change after such date. Except as may
be required by applicable securities laws, Bell does not undertake
any obligation to update or revise any forward-looking statements
contained in this news release, whether as a result of new
information, future events or otherwise. FX Innovation's growth
prospects and strategic plans, as well as the goal to create a
$1 billion start-up, are subject to
certain risks and uncertainties and are based on certain
assumptions including, without limitation, the achievement of
organic growth, the completion of future acquisitions and the
availability of capital. Accordingly, there can be no assurance
that such growth prospects, strategic plans and goal will be
achieved. There can also be no assurance that the benefits expected
to result from the acquisition of HGC Technologies will be
realized. For additional information on assumptions and risks
underlying certain of our forward-looking statements made in this
news release, please consult BCE Inc.'s (BCE) 2023 Annual MD&A
dated March 7, 2024, BCE's 2024 First
Quarter MD&A dated May 1, 2024,
BCE's 2024 Second Quarter MD&A dated July 31, 2024 and BCE's news release dated
August 1, 2024 announcing its
financial results for the second quarter of 2024, filed with the
Canadian provincial securities regulatory authorities (available at
Sedarplus.ca) and with the U.S. Securities and Exchange Commission
(available at SEC.gov). These documents are also available at
BCE.ca.
SOURCE Bell Canada