Archive for M&A News

Toronto’s AppHero Acquired by Fellow Toronto Company Fuse Powered

Congratulations to Jordan Satok and the rest of the team at AppHero on the sale of their company to Fuse Powered.  Both companies are based in Toronto.

AppHero utilizes user preferences and their previously downloaded mobile apps to generate app recommendations.  Fuse Powered offers a publishing platform for mobile game developers called Fuseboxx.  This acquisition comes shortly after Fuse Powered raised $5.2 million in venture capital funding from Relay Ventures and NFQ Ventures.  AppHero had been backed by OMERS Ventures, Golden Venture Partners, and Eniac Ventures.

For more information on the transaction, click here.

 

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Xtreme Labs Bought by Pivotal

Q1 Capital Partners extends a hearty congratulations to our friends at Xtreme Labs on the sale of their Toronto-based company to Pivotal for $65 million.

This is great news for the Toronto technology community as one of our most recognized and accomplished teams of mobile developers – which has built products for companies such as Groupon and Microsoft – becomes part of a large cloud computing powerhouse that was originally spun out from VMware and EMC and received financial backing from GE.  This transaction provides yet more proof that Toronto is home to remarkably innovative mobile developers that can not only win clients that are among the largest companies in the world but can attract impressive strategic acquirers as well.

Click here to learn more about the transaction.

 

 

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Vancouver-Based NodeFly Acquired by StrongLoop

San Francisco-based StrongLoop acquired Vancouver-based NodeFly, which will now operate as a Canadian subsidiary for the company.  The transaction takes place just months after the company was founded and seeded with $800,000 in capital by Shasta Ventures in November 2012.  The NodeFly team should be very proud of how quickly they were able to build their infrastructure monitoring application and attract an acquirer.

Click here for more information.

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Apple Buys Toronto-Based Locationary

Congratulations to the team at Locationaryand its investors Extreme Venture Partners, Trellis Capital, Plazacorp Ventures, and MaRS Investment Accelerator Fund on the company’s sale to Apple.  It is great to see another Toronto-based company being acquired for its innovative ideas and solutions by one of the biggest players in the tech sector.

Locationary was founded in 2009 and its platform allows businesses to integrate and make better use of customer-generated data in their marketing efforts.  It will be interesting to see how Apple makes use of this technology in its mapping tools.

For more information on the deal, click here.

 

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Canadian M&A Activity Shows Significant Year-Over-Year Decline

Canadian M&A Activity Shows Significant Year-Over-Year Decline

 

 

May 30, 2013

Canadian M&A activity began this year at levels that were significantly lower than those of a year ago.  Does this really mean anything to most of the CEOs and founders of the businesses that we deal with?  I really don’t think so.  Focusing on the monthly or quarterly data coming out of the large news groups, while factual, can lead one to very wrong conclusions. (more…)

Posted in: M&A News, Q1 Blog

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Thomson Reuters published Worldwide M&A activity update

TR published their weekly Worldwide M&A update yesterday confirming that 2013 has started off as a blockbuster year.  Half way through February, reported deals totaled $147.9 billion, representing a 15% increase over the full month of January and an 18% increase over the comparable period in 2012.  Worldwide M&A activity – graphic of the day

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