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Fonds de solidarité FTQ is providing $25 million in financing to the Quebec City-headquartered firm, with the other $20 million from a provincial fund managed by Investissement Québec. Micrologic will use the new money to add to its capacity. (The Logic)
Talking point: Founded in 1983, the firm touts itself as wholly Canadian-owned, and capable of hosting and running clients’ data and applications entirely within the country’s borders. That’s a selling point for firms that operate in regulated industries, handle sensitive information or just want to avoid having their technology beholden to foreign laws. Micrologic is hardly the only firm selling sovereignty right now. Major telecom players Bell and Telus are both adding data-centre capacity they say meets those requirements—which vary from client to client—while cloud operators like Denvr and ThinkOn are also touting their homegrown credentials.
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