Archive for M&A Activities

Canadian Transactions

March 2nd, 2017. Shoplogix acquired by FOG Software Group. Transaction Table here

February 23rd, 2017. Halogen Software (TSE: HGN) acquired by Saba Software Inc. for aC$12.50 per share or C$293 million.

February 23rd, 2017. BlueCat Networks was acquired by US private equity firm Madison Dearborn Partners for almost $400 million. Transaction table here

February 21st, 2017. Halifax-based STI Technologies was acquired by QuintilesIMS (NYSE: Q -). Transaction table here

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. Transaction table here

February 14th, 2017. PayPal (Nasdaq: PYPL) has acquired Vancouver – based TIO Networks (TSX-V: TNC)  for a reported amount of CAD$304M. Transaction Table here

February 13th, 2017. Deluxe Corp. (NYSE: DLX)  agreed to pay approximately US$72 million for Waterloo-based RDM Corp. Transaction Table here

February 9th, 2017. Homestars will be acquired by HomeAdvisor, a platform that offers similar services to homeowners in the US. HomeAdvisor is a subsidiary of IAC (NASDAQ: IACI). Transaction Table here

February 8th, 2017. ETAS GmbH, a wholly-owned subsidiary of Robert Bosch GmbH, announced that it is pending approval for the acquisition of TrustPoint, a Waterloo-based M2M communications start-up.

February 7th, 2017. Hootsuite has announced its acquisition for AdEspresso, a San-Francisco based advertisement optimization company. Transaction Table here

January 26th, 2017. Waterloo-based Kik Interactive announced the acquisition of Israeli messenger app Rounds for a reported amount of US$60 – US$80M. Transaction Table here

January 23rd, 2017. Toronto-based Research Institute, Meta, has been acquired by the Chan-Zuckerberg Initiative.

January 13th, 2017. Microsoft Corp (NASDAQ: MSFT) announced its acquisition of Maluuba Inc.

January 11th, 2017. Canada Pension Plan Investment Board announced US$1.5B investment into GlobalLogic Inc.

December 5th, 2016. Perk Inc. (TSX: PER) announced it will be acquired by RhythmOne PLC (LSE: RTHM) for US$42.5m.

November 15th, 2016. General Electrics (NYSE: Vancouver basedGE) announced its Vancouver-basedIndustrial Internet-of-thing (IIot) company Bit Stew Systems Inc for US$153m.

Posted in: Canadian Transactions

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Hootsuite announces third acquisition in last 60 days

March 21st, 2017:  Hootsuite has acquired a Snapchat analytics solution/tool from Los Angeles-based Naritiv.  This is Hootsuite’s third announcement in the past 60 days which strikes us as an indication that the Company may be strengthening its product offering and platform prior to testing the public markets at some point during the next 12 months. Terms of the transaction were not disclosed but apparently, Hootsuite will not be taking an equity position or other investment in Naritiv.  This looks to be a simply buy versus build decision with an added acquihire component of three employees.  I do like the CEO Ryan Holmes’ emphasis on Hootsuite being valued at “well over” $1 billion.  Is that Canadian dollars or US?

 

Posted in: M&A News

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FOG Software Group Acquires Shoplogix

Date of Announcement 3/2/2017
Headline FOG Software Group acquires Shoplogix
Sector Information Technology, Information Services, Software
Company Acquired Shoplogix
Company Location Mississauga, Ontario
Private/Public Private
Transaction Amount (reported) N/A
Founded 2002
Employees 51-100
Amount Invested $7M 2 Rounds 2 Investors
Key Investors EdgeStone Capital Partners, Relay Ventures
Acquirer FOG Software Group
Acquirer Location Toronto, Ontario
Private/Public Private
Founded 1999
Employees 51-100
Capital Raised to date N/A
Key Investors FOG Software Group is a division of Vela Software and Constellation Software, Inc. (TSX:CSU)
Comment Following the acquisition, Shoplogix is being operated as an independent division of FOG Software.
Press Release Shoplogix
Source crunchbase
For more information: Click Here

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DH Corp acquired by Vista Equity Partners LLC

Date of Announcement 3/13/2017
Headline Vista Equity Partners acquires D+H
Sector Information Technology, FinTech, Payments
Company Acquired D+H
Company Location Toronto, Ontario
Private/Public Public
Transaction Amount (reported) $4.8B
Founded 1875
Employees 1,000-5,000
Amount Invested N/A
Key Investors
Acquirer Vista Equity Partners
Acquirer Location Austin, Texas
Private/Public Private
Founded 2000
Employees 51-200
Capital Raised to date $28B
Key Investors
Comment The deal would merge D+H with Mysis, a U.K.-based software company focused on the global banking industry.
Press Release The Globe and Mail
Source crunchbase
For more information: Click Here

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Deluxe Corp. acquires RDM Corp.

Date of Announcement 2/13/2017
Headline Deluxe Corp acquires RDM Corp.
Sector Software
Company Acquired RDM Corp
Company Location Waterloo, Ontario
Private/Public Public
Transaction Amount (reported) $70M
Founded 1987
Employees 51-100
Amount Invested N/A
Key Investors
Acquirer Deluxe Corp
Acquirer Location Saint Paul, Minnesota
Private/Public Public
Founded 1915
Employees 10,000+
Capital Raised to date N/A
Key Investors
Comment
Press Release Business Wire
Source crunchbase
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STI Technologies acquired by Quintiles IMS

Date of Announcement 2/10/2017
Headline Quintiles IMS acquires STI Technologies
Sector Pharmaceuticals, Health Care, Biotechnology
Company Acquired STI Technologies
Company Location Halifax, Nova Scotia
Private/Public Private
Transaction Amount (reported) N/A
Founded 2001
Employees 51-200
Amount Invested US$17M 1 Round 1 Investor
Key Investors Imperial Capital Group
Acquirer Quintiles IMS
Acquirer Location Durham, North Carolina
Private/Public Public
Founded 1982
Employees 50,000+
Capital Raised to date N/A
Comment The combination of QuintilesIMS and STI Technologies’ capabilities will enable our customers to deliver a better patient experience.
Press Release BetaKit
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BlueCat Networks acquired by Madison Dearborn Partners

Date of Announcement 2/23/2017
Headline Madison Dearborn Partners acquires BlueCat Networks Inc.
Sector Cloud Computing, Mobile Devices, Apps, Enterprise Software, Virtualization
Company Acquired BlueCat Networks Inc.
Company Location Toronto, Canada
Private/Public Private
Transaction Amount (reported) N/A
Founded 2001
Employees 251-500
Amount Invested US$27.8M 2 Rounds 3 Investors
Key Investors Bridgescale Partners, TD Capital, Trident Capital
Acquirer Madison Dearborn Partners
Acquirer Location Chicago, Illinois
Private/Public Private
Founded 1992
Employees 41
Capital Raised to date US$23B
Comment MDP’s support will accelerate the expansion of BlueCat’s leading Enterprise DNS solutions
Press Release Newswire
Source crunchbase
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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
For more information Click Here

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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
For more information Click Here

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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
For more information: Click Here

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