The French company is counting on Montréal’s expertise to continue its expansion
Montréal and Paris, October 14, 2020 — I-TRACING, the first French company to specialize in cybersecurity, expands its global coverage with the launch of a subsidiary in Montréal, Canada. The company plans to hire some twenty cybersecurity specialists over the next three years. The Montréal team, which already runs a security operations centre (SOC) as well as ongoing managed services, will focus on the North American market.
I-TRACING, whose expertise is put to good use by major companies around the world, offers a comprehensive range of cybersecurity services. Services include audits and penetration testing up to detection and incident response, through to consulting, engineering and managed services for security solutions. In order to meet the needs of international clients, the company adopted the follow-the-sun?strategy, which allows it to deliver services on an ongoing basis. “With the Montréal subsidiary, we are now on three continents. We provide monitoring, SOC and security managed services to our clients 24/7,” says Laurent Besset, Head of Cyberdefence at I-TRACING.
Montréal was the natural choice. The Montréal region is one of the IT industry leaders in North America. The city enjoys an ecosystem that is conducive to innovation as universities offer computer science and cybersecurity programs that are training new highly skilled workers every year. “Montréal’s open-mindedness and collaborative ecosystem perfectly match I-TRACING’s values and give us the leeway to continue offering personalized services that best suit the needs of our clients,” states Sophie Pasquier, head of business development and recruitment at the Canadian subsidiary.
Montréal is also strategically located as several of the company’s major clients are on the U.S. East Coast. “Cybersecurity has no borders. We must support our clients wherever they are. I-TRACING’s expansion in Montréal is also an opportunity for change, learning and discovery. We truly believe that the actual worth of a company hinges on the women and men who make up the company,” says Théodore-Michel Vrangos, co-founder and President of I-TRACING.
“Cybersecurity is certainly an industry of the future. The metropolitan area has 17,000 workers in this field, including several world-renowned researchers. Greater Montréal also has the highest number of cybersecurity research chairs in Canada. Therefore, the region has everything it needs to become a leader in this industry,” states Stéphane Paquet, President and CEO of Montréal International.
“For several months now, our team has been working closely with the French company to help them settle in Montréal," said Hubert Bolduc, President of Investissement Québec International. The city’s reputation is well established in the IT industry, and businesses in the cybersecurity sector are sure to find here an ecosystem that will help them bring their ideas to life and propel them forward.”
High value-added services company I-TRACING focuses solely on cybersecurity. Founded in 2005 in Paris, the company has subsidiaries in London, Hong Kong and Montréal. In 2019, I-TRACING had revenues of €36 million, with a workforce of nearly 200 engineers. The company’s quality of working life also earned it a spot on the HappyIndex®AtWork.
I-TRACING already supports over 200 companies in every economic sector. The company can meet all cybersecurity needs: Cyberdefence (CyberSOC, CERT, audit, vulnerability management), Consulting and Engineering (governance, risk and compliance, cloud security, data protection and solution integration), and Support and Managed Services.
Montréal International (MI) is a non-profit organization funded by the private sector, the governments of Canada and Québec, the Communauté métropolitaine de Montréal and the City of Montréal. Its mandate is to attract and retain foreign investment (companies and startups), international organizations, skilled workers and international students to Greater Montréal by providing support services tailored to their needs
Investissement Québec’s mission is to play an active role in Québec’s economic development by spurring business innovation, entrepreneurship and business acquisitions, as well as growth in investment and exports. Operating in all the province’s administrative regions, the Corporation supports the creation and growth of businesses of all sizes with investments and customized financial solutions. It also assists businesses by providing consulting services and other support measures, including technological assistance available from its CRIQ business unit. In addition, through Investissement Québec International, the Corporation also prospects for foreign investment and assists businesses with export activities.
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