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FOG Software Group Acquires Shoplogix

March 2nd, 2017. Shoplogix acquired by FOG Software Group, a division of Vela Software and Toronto-based Constellation Software, Inc. (TSX: CSU).  Founded in 2002, Oakville-based Shoplogix specialized in enterprise manufacturing intelligence (EMI) applications, providing companies with real-time visibility into their machine and production performance. the company completed an undisclosed financing round with Edgestone Capital Partners in May 2005 and a $7 million Series B round with Relay Ventures and Edgestone.  The value of the transaction was not disclosed.
Source: Shoplogix
Transaction table: click here.

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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 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

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

For transaction data: Click Here

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Toronto – based home services platform HomeStars gets acquired.

February 9th, 2017. HomeStars is a home services platform that helps homeowners research, contact and review independent home services contractors in the Greater Toronto Hamilton Area. Homeowners use the HomeStars platform to pick contractors based on their needs and preferences, reach out to these contractors for pricing, and review their work afterward. HomeStars has been a digital success since inception, it now maintains a database of more than 2 million companies and reviews. Recently, it has been announced that 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), a public media company that owns many recognizable brands such as Investopedia, Expedia (which was spun off as its own entity), and UrbanSpoon. The acquisition is part of an ongoing growth strategy for HomeAdvisor to gain market share internationally, HomeStars will strength its Canadian presence. Since 2008, it has acquired several companies in the digital marketplace for home services space in Europe.

For transaction table, click here

Source: Newswire

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Subsidiary of Bosch makes acquisition for Waterloo-based security start up

February 8th, 2017. ETAS GmbH, a wholly-owned subsidiary of Robert Bosch GmbH, is a developer of embedded systems for the automotive industry. ETAS recently established its Canadian presence in June of 2016, under the name of ETAS Embedded Systems Canada. ETAS announced that it is pending approval for the acquisition of TrustPoint, a Waterloo-based M2M communications start-up. TrustPoint established a reputation for its near-field communications ( the technology behind Google Wallet and Apple Pay), the company wants to use this technology to combat the counterfeit marketplace. It serves this purpose by producing both the hardware tags and the authentication applications of these tags. Another huge component is the machine – to – machine (M2M) technology developed at TrustPoint, which can be used in communications between vehicles, quality control of products via tagging, and collision-avoidance systems for vehicles.

Source: The Record

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Vancouver Unicorn Hootsuite acquires AdEspresso

February 7th, 2017. Hootsuite, Vancouver-based social media management platform company, has announced its acquisition for AdEspresso, a San-Francisco based advertisement optimization company. HootSuite helps companies and ad agencies manage social media interactions across multiple social media networks, it works across different medium and platforms to create an all-in-one management services. As one of Canada’s very own unicorns, Hootsuite is valued at over $1Bn; it secured Series D round of financing in 2014 from Fidelity Investments and Accel Partners. AdEspresso’s platform helps with creating, analyzing, and optimizing Facebook advertisements. With the acquisition of AdEspresso, HooteSuite makes a move into the space of paid content management. AdEspresso is now the relaunched version of HooteSuite Ads, which was originally launched in 2015 with the purpose of focusing on promoted ad contents. For transaction table, click here.

Source: Tech Crunch

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