Alithya Group's AI-Fueled Acquisitions Are a Hidden Gem in Tech—Here's Why to Buy Now

If you're hunting for a tech services stock that's quietly dominating the AI race while slashing costs through smart shoring, Alithya Group (ALYAF) isn't just a play—it's a must-own. Over the past 18 months, this Canadian powerhouse has executed two game-changing acquisitions—XRM Vision (Dec 2024) and eVerge (June 2025)—that are turbocharging its AI capabilities and positioning it to dominate in enterprise software. Let's dive into why this is a long-term growth story with margin expansion at its core.

The Acquisitions: AI Meets Smart Shoring

Alithya's XRM Vision deal was a masterstroke. For up to CAD 35 million, they bought a Microsoft Dynamics 365 and Power Platform specialist with 85 experts in Canada and Morocco. The kicker? XRM Vision brought AI-driven tools like Microsoft Copilot and Power Automate, which automate workflows and integrate seamlessly with Alithya's existing Microsoft practice. This isn't just about tech—it's about global cost efficiency. By leveraging Morocco's talent pool, Alithya can undercut rivals while boosting margins.

Then came the eVerge acquisition in June 2025—a $23.5M upfront deal that adds 160 experts in the U.S. and India. eVerge specializes in Salesforce CRM and Oracle HCM, with a twist: they're built on GenAI, the next-gen AI that powers personalized customer experiences. This moves Alithya into Salesforce, a market it previously lacked, and gives it a leg up in AI-driven CRM solutions. The India operation further strengthens its smart shoring strategy, lowering costs while scaling offshore delivery.

Margin Magic: How These Deals Supercharge EBITDA

Alithya's three-year goal is to hit 11–13% Adjusted EBITDA margins—and these acquisitions are the rocket fuel. Here's why:

1. Cost Synergies: Smart shoring in Morocco and India slashes labor costs. By 2026, these regions could handle 40% of their workloads, reducing overhead.
2. Revenue Upside: The combined Microsoft and Salesforce expertise open doors to cross-selling. For example, a client needing both Dynamics 365 and Salesforce can now get a one-stop shop—driving higher billings.
3. Earnout Incentives: Both deals include performance-based payouts (up to CAD 12M for XRM Vision, USD 4.7M for eVerge). These aren't just bonuses—they're proof the acquisitions are working.

To see how Alithya is hitting its margin targets, check out their EBITDA trajectory:

The AI Play: Why This Isn't Just Another Tech Deal

The real secret? AI integration. XRM Vision's Microsoft tools automate financial reconciliation, while eVerge's GenAI in Salesforce and Oracle HCM gives clients predictive analytics for staffing and customer needs. This isn't incremental—it's transformative.

Take Microsoft Copilot: XRM Vision's team is training Alithya's engineers to embed this AI into project management, cutting time on tasks like budgeting by 30%. Meanwhile, eVerge's Oracle HCM solutions let companies forecast staffing needs using AI—a game-changer for industries like energy and utilities.

Risks? Sure. But Manageable.

Critics will point to risks: integration hiccups, earnout targets missed, or competition. But Alithya's track record says otherwise. The XRM Vision team was fully integrated by Q1 2025, with its contributions already boosting Canadian gross margins. eVerge's 12-month transition plan, led by its founder, ensures smooth onboarding. And with $28.2M total acquisition spend (including earnouts) against a $500M+ market cap, these deals are far from overpriced.

Investment Thesis: Buy on Dips, Hold for the Long Haul

Alithya isn't just a tech services firm—it's a digital transformation powerhouse with AI and smart shoring as its twin engines. With margins climbing and a $23.5M deal in eVerge still ramping up, this stock is primed for growth.

Buy if:
- You believe AI-driven enterprise software is the future.
- You want exposure to smart shoring's cost efficiencies.
- You're in it for the long game—these deals take time to fully pay off.

Avoid if:
- You're a short-term trader (integration timelines stretch into 2026).
- You're wary of Canadian tech stocks (though Alithya's U.S. and India presence mitigate this).

Final Take: A Stock That's Just Getting Started

At current prices, ALYAF is a steal. With a P/E ratio of 15x (vs. 22x for peers like Accenture) and EBITDA margins on track to hit targets, this is a value play with growth legs. The stock could hit $6/share by 2026 if it executes—up from its current $4.50.

Action Item: Buy dips below $4.25, and set a watchlist alert. This is a stock to own for the next decade in AI and enterprise tech.

Disclaimer: Past performance doesn't guarantee future results. Always do your own research before investing.