An overview of the Canadian technology M&A sector by year and quarter. The most recent quarter summarized is 2018 with comparisons made to 2017 as well.
According to Tomasz Tungz, Cisco’s US$3.7B acquisition of AppDynamics at 17.3x trailing 12–month revenues represents the biggest software acquisition multiple paid in the last 10 years.
Tungz further writes…” if this acquisition is any bellwether of
Shopify, the Ottawa-based ecommerce platform that is one of the biggest success stories in the Canadian technology sector these days, announced that it is acquiring San Francisco-based Kit, which offers an online marketing assistant for ecommerce portals. Terms
Aimetis, a Waterloo-based company that developed a suite of software products to manage security surveillance, is being acquired by Senstar for a reported US$14 million. Aimetis was founded in 2001 and received $5 million in growth capital from
Kanata-based middleware company Solace Systems has sold a majority stake to Bridge Growth Partners, a private equity firm in New York City that makes investments in the technology and financial services sectors. Terms of the transaction were not disclosed.
Toronto-based emoji maker Bitstrips is being acquired by Snapchat, the popular photo and video sharing mobile app, for a reported $100 million.
Bitstrips allows users to create personalized emojis and avatars that can be inserted into short