October 31, 2019 – Global executive search firm Boyden has placed tech industry veteran Luc Filiatreault as president and CEO of Mediagrif Interactive Technologies. He succeeds Claude Roy who retired in March. Paul Bourque, who has been filling in as CEO, will remain with Mediagrif as chief financial officer, the position he previously held.
“Luc is the right leader for us as we embark on a new chapter focused on growth acceleration,” said Gilles Laporte, Mediagrif’s chair of the board of directors. “His extensive tech background and business development skills will help us forge strategic alliances and expand our sales presence. We believe his strong leadership experience, especially related to change management, will help focus Mediagrif during its ambitious strategic reorientation.”
A self-described serial entrepreneur, Mr. Filiatreault has, to date, founded and managed multiple companies, including three publicly listed companies that were acquired by major players in the tech industry. He has also worked in venture capital for four years where he has invested in some of Canada’s best business-to-business IT companies. Mr. Filiatreault has held several senior corporate positions with a focus on commercialization, most recently as CEO of Ayuda Media Systems and vice president of ventures at Open Text.
Mediagrif Interactive Technologies is a Canadian leader in information technology offering strategic sourcing and unified commerce solutions as well as B2B marketplaces. Mediagrif’s solutions are used by thousands of businesses in North America and around the world. The corporation has offices in Canada, the U.S., Denmark, Ukraine and China.
“I am very excited to be joining the Mediagrif team,” said Mr. Filiatreault. “I look forward to sharing the company’s new strategic direction with the market in the near future.”
“The forecast for Mediagrif’s two priority B2B markets is very promising: market forecasts for both unified commerce and strategic sourcing predict multi-billion dollar spending and solid double digit growth from now to 2023,” he said. “Additionally, the high percentage of recurring revenues generated by these sectors represent a strong foundation for sustained growth.”
Strong Financial Health
Mr. Laporte added: “Our results show that Mediagrif is a company with strong financial health. Notably, our recurring revenues are at around 80 percent; we have a largely international client base that includes marquee clients like Bestseller, Neiman Marcus, Nordstrom and Stanley; we own our IP; we count on a team of more than 500 specialists; we have an enviable profit margin for the tech industry; and we have positive liquidity. We’re definitely in good shape as we begin pursuing a more aggressive growth strategy.”
Boyden is a global provider of executive search services, with more than 70 offices in over 40 countries. Founded in 1946, the firm specializes in high-level executive search, interim management and human capital consulting across a broad spectrum of industries.
Brent Cameron serves as the board chair for Boyden Canada. With 20 years’ experience in executive search, he has supported hundreds of CEOs, boards and search committees in reaching critical hiring decisions, and has a strong understanding of the dynamics inherent in senior executive recruitment in both the private and public sectors.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; Stephen Sawicki, Managing Editor; and Andrew W. Mitchell, Managing Editor – Hunt Scanlon Media