Press release

2 Nov. 2018

Germain Lamonde of EXFO has been named EY Entrepreneur Of The Year® 2018 Québec winner

Germain Lamonde, President and founder of EXFO – a developer of smarter test, monitoring and analytics solutions for fixed and mobile network operators, webscale companies and equipment manufacturers in the global communications industry – is this year’s EY Entrepreneur Of The Year 2018 Québec winner.

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Sarah Shields

EY Canada Assistant Director, Public Relations

Passionate communicator and writer. Firmly believes Vancouver summers are worth six months of rain.

Québec City entrepreneur targets innovation to conquer the world of optical fibre

Germain Lamonde, President and founder of EXFO – a developer of smarter test, monitoring and analytics solutions for fixed and mobile network operators, webscale companies and equipment manufacturers in the global communications industry – is this year’s EY Entrepreneur Of The Year® 2018 Québec winner.

“Germain exemplifies determination and perseverance,” says Daniel Baer, EY Entrepreneur Of The Year Québec Program Co-Director. “From $100 in his pocket and an idea for creating a world-class optical communications business, he has succeeded in building an organization that is recognized today as the leader in optical testing and the world’s technology leader in service assurance.”

His success stems from using innovation to confront uncertainty and find solutions for the market’s problems. Germain foresaw that optical fibre would become the medium of choice for telecommunications networks, a bold vision seen as risky during the 1980s. Today, EXFO is present in over 35 countries and boasts a 40% global market share and over 2,000 employees.

“Germain was able to identify a business need and position his company on the world stage through his leadership, his sense of innovation and his desire to help his clients keep pace with rapidly evolving technologies in the telecommunications industry,” says Luc Charbonneau, EY Entrepreneur Of The Year Québec Program Co-director. “He’s demonstrated agility and leadership in developing innovative technological solutions that meet the business needs of his clients.”

In addition to his activities in the entrepreneurial community, last year Germain made a personal donation of $1 million to Université Laval’s Faculty of Science and Engineering, enabling the university to purchase state-of-the-art equipment, create scholarships and support technological entrepreneurship. Under his leadership, EXFO is listed as a Great Place to Work, has earned recognition from Forbes as one of Canada’s top employers and proudly claims more than 100 honorary awards.

What’s next?
As the Québec region’s EY Entrepreneur Of The Year 2018, Germain Lamonde will compete with the top entrepreneurs from the Pacific, Prairies, Ontario and Atlantic regions for the national honour of Canada’s EY Entrepreneur Of The Year 2018, to be presented at a gala celebration on 29 November 2018 in Toronto. In June 2019, Canada’s EY Entrepreneur Of The Year 2018 will move to the world stage to compete with more than 50 country winners for the title of EY World Entrepreneur Of The Year.

More information
Follow @EYCanada, #EOYCanada and #EOYQuebec on Twitter for the latest event updates

Visit for more program details and a complete list of category finalists and gala dates in the regions.  

The EY Entrepreneur Of The Year 2018 Québec category award recipients:

Copper Branch  | Montréal
Onofrio Infantino

Groupe Filgo-Sonic | Montréal
Michel Lehoux

Les Emballages Carrousel Inc.  | Montréal
Brigitte Jalbert

Plastiques Moore Inc.  | Québec City
Marie-Claude Guillemette

Real Estate
Breather Products Inc.  | Montréal
Julien Smith

Young Entrepreneurs
Goodfood Market Corp.  | Montréal
Neil Cuggy, Jonathan Ferrari and Raffi Krikorian

EXFO Inc.  | Québec City
Germain Lamonde

Enerkem Inc. | Montréal
Vincent Chornet

Technology - under 100 employees
Newtrax Technologies Inc. | Montréal
Alexandre Cervinka

Technology - over 100 employees
Cofomo Inc.  | Montréal
Régis Desjardins

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About EY Entrepreneur Of The Year®
EY Entrepreneur Of The Year is the world’s most prestigious business awards program for entrepreneurs. The program makes a difference through the way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global awards program of its kind, Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 145 cities in more than 50 countries.

The 2018 Québec independent judging panel consists of Andrew Richardson, President, Targray; Claudine Labelle, President and Founder, Fillactive; Jacques Foisy, President and Managing Partner, Novacap; Jean-Yves Germain, Co-President, Groupe Germain Hôtels; Marie-Anne Tawil, President and CEO, Iron Hill Investments Inc.; Marie Josée Lamothe, President and Founder, Tandem International; and Martin Deschênes, President, École d'Entrepreneurship de Beauce.

This year’s program national sponsors are Ici RDI, The TMX Group, The Globe and Mail Inc., Merrill Corporation, Kira Talent, Air Canada, The Printing House Limited and Media One Creative. This year’s program Québec sponsors are Bell Canada and Captivate Network.

About EY
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

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