What is MSP?
MSP Corp is dedicated to expanding its network of managed service providers (MSPs) across Canada. The company actively engages in acquiring and forming partnerships with existing MSPs, aiming to consolidate and enhance its presence within the IT services landscape.
How much funding has MSP raised?
MSP has raised a total of $35M across 1 funding round:
Unspecified
$35M
Unspecified (2021): $35M with participation from CIBC and BDC
Key Investors in MSP
CIBC
CIBC, founded in 1961, is a Canadian financial institution offering a comprehensive suite of financial services including corporate banking, retail banking, wealth management, and investment banking.
BDC
BDC Business Development Bank of Canada, established in 1944, provides a broad spectrum of financial and consulting services to small businesses, with a particular emphasis on technology and export-oriented enterprises.
What's next for MSP?
The recent major strategic investment positions MSP for accelerated growth and market consolidation. This infusion of capital is expected to fuel further acquisitions and integration of managed service providers, strengthening MSP's competitive advantage and operational capabilities within the Canadian IT sector. The company's focus on building a robust network suggests a strategy geared towards scaling its service offerings and market reach.
See full MSP company page
