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DH Corp acquired by Vista Equity Partners LLC

March 13th, 2017. Vista Equity Partners LLC agreed to buy Canadian financial services provider DH Corp (TSX: DH). for $2.73 billion plus the assumption of $2.07 billion in debt for a total value of $4.8 billion. Vista plans to combine DH Corp. with Misys Ltd., which it bought in 2012.  Founded in 1875, DH Corp. (formerly known as Davis+Henderson Corp) attempted to transition away from its tradition cheque print business into financial technology with the $1.2 billion 2013 acquisition of Hartland Financial Services and the US$1.25 billion 2015 acquisition of Fundtech, a provider of global payments to banks.

Source: Globe and Mail

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Posted in: PE/VC News

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Deluxe Corp. acquires RDM Corp.

February 13th, 2017. Deluxe Corp. (NYSE: DLX)  agreed to pay approximately US$72 million for Waterloo-based RDM Corp. (TSX: RC), a Canadian provider of online banking software and digital marketing solutions for electronic payment processing.  Founded in 1987, RDM completed its IPO in September 2000.  It’s been a long haul for RDM shareholders who saw their share value fall from the IPO price of $4.50 to $0.59 a year later, struggle back to $4.40 in July 2007 only to fall again to $0.73 in July 2011.   Since that time the Company’s shares have increased in value to a closing price of $4.80 per share on February 10, 2017.  At a price of $5.45 per share (20% premium to the 90-day volume weighted trading price.) I suspect the fatigued investors jumped at the chance to sell and move on.

Source: Newswire

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STI Technologies acquired by Quintiles IMS

February 21st, 2017.  Halifax-based STI Technologies was acquired by QuintilesIMS (NYSE: Q -), the world’s largest provider of biopharmaceutical development and commercial outsourcing services for an amount reported by Allnovascotia.com to be about $200 million. Founded in 2001, STI received a $17 million investment from Imperial Capital Group to accelerate the Company’s Canadian market-leading intelligent reimbursement card technology.

Source: BetaKit

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BlueCat Networks acquired by Madison Dearborn Partners

February 23rd, 2017. BlueCat Networks was acquired by US private equity firm Madison Dearborn Partners for almost $400 million. Founded in 2001, Bluecat raised $27.8 million in two rounds that included Bridgescale Partners, TD Capital, and Trident Capital. BlueCat’s server technology is used by about 1,000 large corporate and government customers to connect their users and devices securely to Internet-based applications and services.

Source: Globe and Mail

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Halogen Software acquired by Saba Software

February 23rd, 2017. The 2013 cohort of Canadian technology IPOs finds itself with one less player this month with the acquisition of  Ottawa-based Halogen Software (TSE: HGN) acquired by Saba Software Inc. for aC$12.50 per share or C$293 million. Saba SoftwareIPO’s in 2000 and since has been taken private in 2015.

Source: Newswire

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Airbnb acquires Luxury Retreats

Date of Announcement 2/16/2017
Headline Airbnb acquires Luxury Retreats
Sector Rental, Travel, Leisure
Company Acquired Luxury Retreats
Company Location Luxury Retreats
Private/Public Private
Transaction Amount (reported) $300M
Founded 1999
Employees 101-250
Amount Invested $16M 1 Round 1 Investor
Key Investors iNovia Capital
Acquirer Airbnb
Acquirer Location San Francisco, California
Private/Public Private
Founded 2008
Employees 1000-5000
Amount Invested US$2.95B 9 Rounds 39 Investors
Comment Airbnb acquires Luxury Retreats as it expands tourism services.
Press Release Tech Vibes
Source crunchbase
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Posted in: Supplementary Data

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Airbnb acquires Montreal-based Luxury Retreats

On February 16, 2017, Airbnb announced the acquisition of Montreal-based Luxury Retreats for an amount according to various sources of between US$200 million and C$300 million. Congratulations to the team at Luxury and to Chris Arsenault at iNovia Capital!  

Founded in 1999, Luxury Retreats is an online luxury vacation home rentals platform with over 4,000 properties in its portfolio. Airbnb, the well known online platform for rental accommodations is well positioned to expand its tourism services with the acquisition of Luxury Retreats and the launch of Trips.  Luxury Retreats raised two rounds of VC capital totalling $16 million and was reportedly profitable for a number of years.

Transaction Table: Click Here!

Source: TechVibes

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PayPal picks up TIO Networks

Date of Announcement 2/14/2017
Headline PayPal acquires TIO Networks
Sector Financial Services, Billing, Payments
Company Acquired TIO Networks
Company Location Vancouver, British Columbia
Private/Public Public
Transaction Amount (reported) CAD$304M
Founded 1997
Employees 51~100
Maket Cap prior to Acquisition CAD$243.2M
Key Investors Core Innovation Capital
Acquirer PayPal
Acquirer Location San Jose, California
Private/Public Public
Founded 2009
Employees 10,000+
Market Cap US$52.3B
Number of Acquisitions to date 12
Comment PayPal acquires Vancouver-based bill payment processing company TIO Networks
Press Release Tech Vibes
Source crunchbase
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Posted in: Supplementary Data

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PayPal picks up TIO Networks

February 14th, 2017. PayPal (Nasdaq: PYPL), famous for revolutionizing the online payment industry, has acquired Vancouver – based TIO Networks (TSX-V: TNC)  for a reported amount of CAD$304M. Founded in 1997, TIO is a leading multi-channel bill payment processor in North America and processed more than $7 billion USD in consumer bill payments in fiscal 2016.  Last year represented the sixth year in a row TIO was listed among Canada’s most successful growth companies on the PROFIT 500 and PROFIT 200, with revenue growth each year exceeding 100 per cent year-over-year. The acquisition brings PayPal one step closer to being an integral part of consumer’s day – to – day financial tasks.

Source: TechVibes

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Toronto – based home services platform HomeStars gets acquired.

Date of Announcement 2/9/2017
Headline HomeAdvisors acquires HomeStars
Sector Digital Marketplace, Home Renovation, Professional Services
Company Acquired HomeStars
Company Location Toronto, Canada
Private/Public Private
Transaction Amount (reported) N/A
Founded 2006
Employees 11 ~ 50
Amount Invested US$1.27M 2 Rounds 1 Investor
Key Investors Espresso Capital
Acquirer HomeAdvisor
Acquirer Location Lakewood, Colorado
Private/Public Private
Founded 1998
Employees 1K~5K
Capital Raised to date N/A Sold to IAC in 2004
Key Investors IAC
Comment HomeAdvisor addes HomeStars to its portofolio of international digital home services marketplace
Press Release Newswire
Source crunchbase
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Posted in: Supplementary Data

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