MONTRÉAL – March 25, 2026 – 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.
Since 1998, Sherweb has been connecting businesses with IT solutions tailored to their needs. Our growing team of over 1,000 experts help our reseller partners succeed with software from leading brands and value-added services that help them offload technical operations and extend their cloud expertise, from tech support to cybersecurity.
Kate O’Neill
Marketing Communications Manager, Sherweb
koneill@sherweb.com
Now serving the United Kingdom