The Caisse de dépôt et placement du Quebec is making yet another nine-figure bet on a homegrown technology company, investing $125-million in Montreal software company GSoft Inc.

The Quebec pension giant is taking an undisclosed stake in the bootstrapped company, created 17 years ago by a trio of 20-year-olds who have never raised outside funding and still run the profitable company, including chief executive Simon de Baene. GSoft this year surpassed the US$100-million mark in annualized recurring revenue and is on track to repeat last year’s sales growth rate of nearly 30 per cent, Mr. De Baene said in an interview.