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MONTREAL - Fresche Solutions marks 40+ years modernizing IBM i systems 2,200+ companies modernized worldwide 50+ Fortune 500 clients on the books US$60M financing secured to fund acquisition strategy 2020 - Acquired by American Pacific Group & Northstar Capital X-ANALYSIS reads decades-old RPG & COBOL with AI MaaS - Modernization delivered as a subscription MONTREAL - Fresche Solutions marks 40+ years modernizing IBM i systems 2,200+ companies modernized worldwide 50+ Fortune 500 clients on the books US$60M financing secured to fund acquisition strategy 2020 - Acquired by American Pacific Group & Northstar Capital X-ANALYSIS reads decades-old RPG & COBOL with AI MaaS - Modernization delivered as a subscription
Company Profile Enterprise Software & IT Services Montreal, Canada

Fresche Solutions

The Montreal software company that keeps the world's legacy IBM i systems running - and quietly moves them to the web, the cloud, and AI. Founded on a simple, unfashionable idea: no system is too old to modernize.

1976
Heritage / Speedware
~410
Employees
~$67M
Est. Revenue
40+ yrs
IBM i Expertise
Fresche Solutions logo
FRESCHE SOLUTIONS — 995 Rue Wellington, Montreal. The brand that grew out of Speedware, a Quebec software firm older than the AS/400 it now modernizes.
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01
The Business

What Fresche Solutions Actually Does

Somewhere behind the checkout you used this morning, the insurance claim you filed last year, or the factory that built the chair you're sitting in, there is a very good chance an IBM i - the platform most people still call the AS/400 - is doing the work. It is one of the most durable computing platforms ever built, and one of the least glamorous. Fresche Solutions has spent more than four decades in that exact space: the unfashionable, mission-critical middle of enterprise IT.

The company helps organizations manage, maintain, and modernize their IBM i and Microsoft systems. In practice that means three things. It builds and sells software tools that let companies understand and transform decades of legacy code. It runs the infrastructure - hosting, security, disaster recovery - so those systems keep running. And it turns the data trapped inside them into analytics that leadership can actually use.

The through-line is a belief the company states plainly: no system is too complex or outdated to be modernized, and every business deserves a clear, strategic path to the future. That is a deliberately un-dramatic promise. Fresche is not in the business of telling customers to tear everything out. It is in the business of making what already works, work in the modern world.

What started as application and developer tools has grown into full-scale modernization: web and mobile UIs, code transformation from RPG, COBOL, and Synon into modern languages, database moves from DDS to DDL, cloud migration, and AI-driven analysis. It is one vendor for a job that would otherwise require several.

"No system is too complex or outdated to be modernized, and every business deserves a clear, strategic path to the future."
Fresche Solutions - stated company belief
02
By The Numbers

The Track Record

2,200+
Companies Modernized
50+
Fortune 500 Clients
1,000+
Strategy Roadmaps
500+
Managed Clients

Figures reported by Fresche Solutions. Revenue (~US$67M) and headcount (~410) are third-party estimates and should be read as approximate.

03
The Problem

Who It Serves, And What Keeps Them Up At Night

Fresche's customers are mid-market and large enterprises - manufacturers, banks, insurers, retailers, and distributors - whose core operations run on IBM i and Microsoft systems. Many of these applications were written 20, 30, even 40 years ago. They are stable, fast, and profoundly important. They are also increasingly hard to change.

The first problem is people. The developers who wrote the original RPG and COBOL are retiring, and few new graduates learn those languages. That is a demographic clock, not a software bug, and it is ticking inside thousands of companies at once. The knowledge of how the business actually works is encoded in software that fewer and fewer people can read.

The second problem is expectation. Customers, employees, and executives now expect web interfaces, mobile access, real-time dashboards, and cloud economics. A green-screen terminal application, however reliable, does not meet that bar - and rewriting it from scratch is expensive, slow, and risky.

The third problem is fear of the big-bang project. Every CIO has heard the horror stories of multi-year replacement efforts that ran over budget and broke on go-live. The instinct to leave a working system alone is rational. Fresche's business exists in the gap between "leave it alone" and "rip it out" - modernize in steps, keep the business running, remove the downtime from the conversation.

The Pressures Fresche Answers

  • Retiring IBM i / RPG / COBOL developer talent
  • Green-screen UIs that no longer meet user expectations
  • Data locked inside systems leadership can't see
  • Pressure to move workloads to cloud economics
  • Risk and cost of full rip-and-replace projects

Where They Show Up

  • Manufacturing & industrial operations
  • Financial services & insurance
  • Retail & distribution
  • Healthcare & regulated industries
  • Any enterprise anchored to IBM i or Microsoft
04
Products & Services

The Toolkit

Flagship / AI

X-Analysis Suite

AI-powered application discovery. It reads and documents legacy IBM i code, runs impact analysis, extracts business rules, maps applications, and assesses code quality - available on IBM Cloud.

Subscription

Modernization as a Service

Modernization packaged as a subscription: web UIs, RPG/COBOL/Synon transformed into modern languages, and DDS-to-DDL database moves - delivered in steps, not one big bet.

UI Modernization

Presto

Green-screen (5250) modernization - turns terminal applications into modern browser-based web interfaces without rewriting the underlying code.

UI Modernization

Newlook Suite

UI transformation platform with Smartclient, Smartframe templates, and deployment tooling for bringing legacy interfaces to web and mobile.

Development

WebSmart & Formtastic

Rapid development frameworks for building web, mobile, and form-based applications on IBM i and database back-ends in PHP and ILE.

Managed / Cloud

Managed Services & Cloud

IBM i and Microsoft infrastructure management, security, disaster recovery / DRaaS, cloud hosting, backup, and IBM PowerVS management.

Data / AI

Fresche Analytics

Turns decades of IBM i and enterprise data into Power BI, Azure, Snowflake, and Databricks reporting - finally making old systems answer new questions.

Advisory

Strategy & Roadmaps

Modernization assessments and roadmaps - the company reports 1,000+ delivered - that sequence transformation around business priorities, not technology for its own sake.

05
The Difference

Why Fresche, Not Someone Else

The modernization market has plenty of players - Profound Logic, ARCAD Software, LANSA, Rocket Software, Eradani, and Remain Software among them, plus the ever-present alternative of ripping everything out for a new ERP. Fresche's argument for itself rests on three claims.

Depth. Forty-plus years anchored specifically in IBM i and Microsoft ecosystems is unusual. This is not a general consultancy that also does legacy work; legacy work is the whole company. The leadership team alone is described as bringing 150+ years of combined industry experience.

Breadth under one roof. Most competitors do one slice - a tool, a UI layer, a hosting contract. Fresche spans the code, the cloud, the data, the security, and the ongoing managed services. For a customer, that means one accountable vendor instead of stitching several together across a multi-year project.

Outcome framing. The pitch leads with cost reduction, risk removal, and measurable business impact rather than technology novelty. Modernizing without downtime is treated as the core engineering constraint - the thing that makes the difference between a project that ships and one that stalls.

Where Fresche Concentrates Its Effort (illustrative emphasis)

Application Modernization
Core
Managed Services
High
Cloud & Hosting
High
Data & AI Analytics
Growing
Advisory / Roadmaps
Steady

Directional representation of focus areas based on public positioning - not audited figures.

06
Business Model & Market

How It Makes Money, And Where It Sits

The Model

Fresche is a B2B enterprise software and services company. Revenue comes from four reinforcing streams:

  • Software licenses & subscriptions (X-Analysis, Presto, Newlook)
  • Professional services for modernization & migration
  • Recurring managed-services & cloud-hosting contracts
  • Data-analytics engagements

Recurring revenue - subscriptions and managed contracts - gives the business durability beyond one-off projects.

Market Position

Fresche sits at the center of the IBM i modernization market: too specialized for the big generalist integrators to prioritize, too broad for the single-tool vendors to match. Since its 2020 acquisition by American Pacific Group and Northstar Capital, it has pursued a deliberate roll-up - folding in firms like OmniData, Redbourn Business Systems, and Silveredge Consulting to assemble the widest modernization portfolio in the category.

"Companies that rely on IBM i and Microsoft have trusted Fresche for over 40 years to help them manage, maintain and modernize their systems."
Fresche Solutions
07
The Story So Far

Milestones

1976

Speedware is founded

The earliest lineage begins in Montreal with Speedware, an application-development software firm - predating the AS/400 itself.

1988

The AS/400 era begins

IBM launches the AS/400, later IBM i - the platform that becomes the heart of Fresche's future business.

2013

Fresche Legacy takes shape

The business rebrands around legacy modernization, offering application and developer tools for IBM i.

2018

Secures US$60M financing

Debt financing led by National Bank of Canada, with Investissement Quebec and TD Bank, funds organic growth and an aggressive acquisition strategy.

2020

Acquired by American Pacific Group

American Pacific Group and Northstar Capital complete the acquisition in December, backing the next phase of expansion.

2023

Subscriptions & MaaS

Introduces per-seat subscription pricing for IBM i tools and packages Modernization as a Service.

2024

Acquires Redbourn Business Systems

Continues the roll-up, expanding IBM i managed-services and modernization capabilities.

2025

"Legacy to Legend" IBM i trends

Publishes strategy research with IBM on the future of IBM i modernization.

08
The People

Who Runs It

President & CEO

Joe Zarrehparvar

Leads Fresche Solutions as President and Chief Executive Officer, steering the company's modernization-platform strategy.

CFO

Kevin Dolnick

Chief Financial Officer, overseeing the company's finances through its acquisition-driven growth phase.

Engineering

Rob Stovenour

SVP of Software Engineering, responsible for the product and modernization technology portfolio.

Modernization

Marcel Sarrasin

General Manager, Modernization - leading the delivery of modernization services and offerings.

Analytics

Tobias Eld

General Manager, Fresche Analytics - heading the data and AI analytics practice.

Commercial

Pete Czornohus

Chief Commercial Officer, leading go-to-market and commercial strategy.

Fresche's roots trace to Speedware, founded by Andy Kulakowski in 1976. Leadership team collectively brings 150+ years of industry experience.

09
Details Worth Knowing

The Quiet Interesting Bits

Older than its platform

Predates the AS/400

The Speedware lineage dates to 1976 - twelve years before IBM shipped the AS/400 that Fresche now modernizes.

A name change

Formerly Fresche Legacy

The company operated as Fresche Legacy before rebranding to Fresche Solutions - dropping "Legacy" while keeping the mission.

Code archaeology

Reads the unreadable

X-Analysis can document millions of lines of RPG and COBOL that even the original authors may no longer fully understand.

A neighborhood parallel

Based in Griffintown

HQ sits at 995 Rue Wellington in Montreal's Griffintown - a district that went through its own dramatic modernization.

10
Questions

Frequently Asked

What does Fresche Solutions do?
Fresche helps enterprises manage, maintain, and modernize their IBM i (AS/400) and Microsoft systems - through software tools, consulting, cloud hosting, managed services, and data analytics.
Who owns Fresche Solutions?
Fresche has been owned by private-equity firm American Pacific Group (with Northstar Capital) since its December 2020 acquisition.
What are Fresche's main products?
Core products include X-Analysis (application discovery), Presto and Newlook (UI modernization), WebSmart and Formtastic (development), plus Modernization as a Service and Fresche Analytics.
Where is Fresche Solutions headquartered?
Fresche is headquartered at 995 Rue Wellington in Montreal, Quebec, Canada, with additional offices and remote teams across North America and internationally.
Who are Fresche Solutions' customers?
Mid-market and large enterprises running IBM i and Microsoft systems - the company reports 2,200+ companies modernized and 50+ Fortune 500 clients across manufacturing, finance, retail, and distribution.
11
Watch

Interviews & Product Demos

12
Go Deeper

Links, Social & Sources

ibm ias400legacy modernizationrpgcobolmanaged servicescloud migrationdata analyticsenterprise softwaremontrealdigital transformationx-analysis

Sources: freschesolutions.com, LinkedIn, Crunchbase, CB Insights, Tracxn, American Pacific Group, GlobeNewswire, BetaKit, IT Jungle, IBM Cloud & IBM Partner directory. Financial and headcount figures are third-party estimates and approximate.