Croesus, Canada’s leading portfolio management solutions provider has today announced that it has entered into an agreement to acquire softTarget. Details

softTarget was founded in 2000 by of group of experienced specialists in portfolio management, operational research and technology to create smart software for portfolio managers.

Since then, it has evolved with artificial intelligence to become an intuitive, leading edge, virtual assistant. 

Today that software is know as iBalance. It continues to evolve as we incorporate new industry practices and investment management methodologies, as well as the feedback from our clients.

Our development team is located in Montreal, with additional sales and support in Western Canada.

Our client list comprises a broad range of firms including Canada's top investment managers, banks and government entities.

the team

We develop intelligent software to transform the way portfolio managers work.

Our experienced multidisciplinary team consists of portfolio managers, operational research scientists,  programmers and mathematicians. 

Claude Laurendeau

President and CEO

Claude is a physicist by training. He is a passionate entrepreneur and a designer of innovative software applications. His journey began in research centers, combining science and computing. Thrilled by the emerging software industry, he leads the creation of multiple commercial applications. That eventually led him to the world of finance as VP IT in a major investment firm. In 2000, Claude cofounded SoftTarget .

Réal Alix


Real Alix has over 25 years of experience in information technology . Prior to joining softTarget, he held several business development positions and worked as system developer for various consulting service firms and financial institutions.

Louis Delorme

Director of Reseach

Expert in mathematical programming, modelling and optimization, Louis has developed over the last 30 years, sophisticated support systems for decision in the field of energy distribution, production planning, transportation and financial services. His extensive academic training and vast experience make him one of the leading experts in operational research in Quebec.

David Kennedy


David is an expert in analysis, design and development of technical solutions. He has been working in IT since obtaining a B.Sc. in Computer Science at the Université de Montréal. He is a senior programmer analyst, a tech guru and has been developing web-based software using a variety of technologies, N-tier architecture and high-performance servers with multiple platforms.

Ovidiu Schiopu

Senior advisor business initiative (CFA)

Ovidiu Schiopu is a seasoned professional with a technical background and over 25 years of experience in portfolio management, finance and operations.

Pierre Therrien

Coach and modeling specialist (CFA)

Pierre has more than 20 years of experience in quantitative modeling, simulation and risk, either using or creating his own software tools. He taught, managed and supported large institutional firms in the Montreal area.

Narcisse Adjalla

Software Engineer

Narcisse is passionate about and expert in software development and quantitative analysis. Prior to joining softtarget, Narcisse lectured at École Polytechnique de Montréal and acted as scientific advisor.

Thierry Faix

Ergonomist and UI expert

Thierry Faix is a senior programmer specialized in the integration and development on web-based applications. Since 1999, he applies his expertise in the banking and financial community and is part of the SoftTarget team since 2004.

Sonya Desautels

Consultant PM

Entrepreneur and woman of action,
Sonya cumulates over 28 years of experiences in organizational growth management and efficiency as well as human potential development. Her professional background, acquired in strategic positions in large organizations, allows her to offer personalized assistance, through coaching and consulting, towards the ideal business goal.

Éric Léveillé

Business Analyst

Éric has more than 15 years of experience in the financial and banking industry. He has extensive experience in asset management, research and financial analysis. Furthermore, he assisted in the development of a trading platform for a large institutional firm. Éric also occasionally lectures and teaches finance at the university level.

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Montréal, Qc

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