Sherweb Secures $125 Million Investment to Accelerate Global Expansion

MONTRÉAL--(BUSINESS WIRE)--Sherweb, an award-winning cloud distributor, today announced the successful closing of a $125 million minority equity investment from Investissement Québec, of which $49.9 million was provided by the Government of Québec’s Fonds pour la croissance des entreprises du Québec (FCEQ). The funding will accelerate Sherweb’s international expansion strategy, fueling both organic growth and strategic acquisitions as demand for cloud and managed services continues to surge worldwide.

Founded in 1998, Sherweb has evolved into a high-growth cloud marketplace that goes beyond traditional distribution. The company provides value-added services that enable Managed Service Providers (MSPs) to offload technical operations, deepen their Microsoft cloud expertise and scale more efficiently. In 2025, Sherweb was recognized as the Microsoft Canada Partner of the Year, underscoring its leadership in the Microsoft ecosystem and its commitment to partner success.

Today, Sherweb supports more than 7,500 partners across Canada, the United States, Ireland and the United Kingdom, who collectively support the IT needs of over 100,000 organizations worldwide, with a growing footprint in other markets.

“We are proud to welcome Investissement Québec as our new partner as we advance our global expansion strategy. Our acquisition of MicroWarehouse marked a significant milestone with our entry into the European market, and we look forward to building on that momentum and accelerating our international growth,” said Matthew Cassar, Co-Founder and Co-CEO of Sherweb.

This strategic investment strengthens Sherweb’s ability to scale its cloud marketplace platform, expand its service offerings and pursue targeted acquisitions that enhance its global capabilities.

“Sherweb has developed an impressive platform and a disciplined approach that position the company well to continue expanding, both here and internationally. With this investment, Investissement Québec is fully playing its role by supporting the company in its growth ambitions, while contributing to the economic vitality of the Estrie region, where the company has been established for nearly 30 years,” said Bicha Ngo, President and CEO of Investissement Québec.

“Artificial intelligence and cloud technologies are transforming the global economy. Québec must seize this opportunity to strengthen its digital capabilities and develop world-class companies here at home. By supporting Sherweb’s growth, we are helping a Québec-based technology leader scale internationally while contributing to innovation, productivity and the creation of high-value jobs in Québec. This is exactly how we build a strong and competitive knowledge economy,” said Jean Boulet, Minister of Economy, Innovation and Energy, Minister of Labour, Minister for Maritime Strategy, and Minister responsible for the Mauricie region.

“As our MSP partners grow and evolve, so must we. This investment, the first of its kind for Sherweb, enables us to continue building a marketplace that empowers MSPs worldwide with the scale, tools and services they need to succeed,” said Peter Cassar, Co-Founder and Co-CEO, Sherweb.

The transaction was supported by National Bank Financial Inc. as financial advisor and Osler, Hoskin & Harcourt LLP as legal advisor to Sherweb.

About Investissement Québec

Investissement Québec's mission is to play an active role in Québec's economic development. The Corporation's services are designed to spur productivity, innovation, market development and the competitiveness of Québec businesses. To that end, Investissement Québec supports them at every stage of their growth with financing, as well as assistance with business consulting, technological transformation, and workforce strategies. In addition, through Investissement Québec International, the Corporation also provides concrete support for businesses' export activities and conducts prospecting activities to attract foreign investment to Québec.

About Sherweb

Founded in 1998, Sherweb is an award-winning cloud marketplace distributor that empowers IT providers to grow and scale their businesses. With a team of over 1,000 experts, Sherweb supports more than 7,500 MSP partners worldwide, who collectively support the IT needs of over 100,000 organizations. Sherweb delivers leading software solutions and value-added services, from technical support to cybersecurity, helping partners offload operational complexity and extend their cloud expertise.