The Caisse de dépôt et placement du Québec is investing $125 million in a Quebec-based software developer best known for products supporting digital workplaces.

The investment in GSoft Inc. follows the company’s launch of two digital software suites aimed at supporting work-from-home business models. ShareGate aims to improve information technology services and Officevibe seeks to simplify human resources activities.

According to a press release, the company will use the financial infusion for product and business expansion strategies. “CDPQ is pleased to support the execution of GSoft’s strategic growth plans as the company looks to broaden its product offering and consolidate its market position,” said Kim Thomassin, executive vice-president and head of Quebec at the Caisse, in the release.

Read: Caisse backing customer retention platform, OMERS acquiring plumbing and HVAC service provider

In other news, the Canada Pension Plan Investment Board is acquiring a significant stake in a Spanish waste management company.

The investment organization is acquiring 24.99 per cent of FCC Servicios Medio Abiente Holding, the environmental services division of Fomento de Construcciones y Contratas, for €965 million ($1.44 billion).

FCC Medio Ambiente provides waste management services throughout much of Europe and the U.K. It’s also involved in the recovery of recyclable materials and products. “FCC Medio Ambiente’s resilient business model provides essential services to an established client base that is well-diversified across geographies and segments,” said James Bryce, managing director and global head of infrastructure at the CPPIB.

The investment organization also said the allocation will provide it with exposure to the global circular economy trend. “As major economies seek to meet circular economy objectives, businesses like FCC Medio Ambiente. . .  are well-positioned to capture sustainable growth, providing an excellent long-term investment opportunity for CPP Investments,” added Bryce.

Read: CPPIB’s annual report greenwashing investment strategies, says watchdog