Posts Tagged Ottawa

Shopify Makes Its Third Acquisition

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 of the deal were not disclosed.

Kit was founded in 2013 and had raised an undisclosed amount of seed capital from Technicolor Ventures and Visionnaire Ventures in 2014.  Its tools allow online retailers to utilize Facebook to market their products and communicate with customers.

Shopify has been around since 2004 and is regarded as one of the leading Canadian tech companies.  Its platform offers a simple way to set up and maintain an online store with a full suite of ecommerce tools that enable things like payment processing and inventory management.  The company went public last year on the NYSE and TSX, raising over $130 million.  This is the company’s third acquisition but its first since becoming publicly-listed.

To read more about the transaction, click here.

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Juniper Networks Acquires Ottawa-Based BTI Systems

Ottawa’s BTI Systems, which makes cloud and metro networking systems for service providers, has been acquired by Juniper Networks (NYSE:JNPR), the networking hardware manufacturer based in Sunnyvale, CA.  No financial details of the transaction were disclosed.

BTI’s hardware and software facilitate the moving of digital content between data centers within close proximity to one another.  By acquiring the company, Juniper Networks will be better positioned to compete with Cisco, which already offers similar solutions.  BTI Systems was founded in 2000 and raised nearly $133 million in financing.  Juniper Networks was founded in 1996 and is a well-entrenched player in the networking infrastructure space.  It generated over $4.6 billion in revenue during the past four quarters.

To read more, click here.

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