Semiconductor firm GaN Systems to be acquired by Infineon for $830 million USD
GaN Systems CEO says Infineon will enable company “to unleash our full potential.”
Acquisitions
Fresh Prep acquires fellow Vancouver food delivery startup Peko
Fresh Prep says deal will help the sustainable meal kit company tackle food waste.
Paper acquires MajorClarity to add post-secondary planning into its K-12 platform
Deal comes after post-secondary enrollment reaches 10-year low.
Miovision acquires Winnipeg’s MicroTraffic to better predict traffic collisions
MicroTraffic uses AI to predict potential traffic accidents.
Croptimistic acquires CropPro Consulting, secures $9.1 million from Forage Capital
Cory and Shannon Willness first built CropPro in 2003, then Croptimistic in 2018.
Cogeco acquires independent internet provider Oxio’s telecom business
The purchase marks latest blow to Canadian telecom competition.
Descartes acquires US-based GroundCloud for $138 million USD
Descartes aims to apply GroundCloud’s safety content, compliance solutions across more industries.
WFHomie acquired by Houston’s GoCo to create all-in-one HR platform
WFHomie was the first investment out of Ryan Holmes and Manny Padda’s fund LOI Venture.
Fight brews over Magnet Forensics’ proposed $1.8 billion acquisition by Thoma Bravo
Magnet Forensics shareholder contests deal; independent Magnet directors push back.
GSoft acquires Didacte to bolster employee engagement software suite
GSoft said this marks the beginning of more acquisitions.
RBC acquires Canadian operations of US proptech startup Ojo
Deal comes amid cooling housing market that has impacted homebuyers and proptech startups alike.
CoinSmart to seek monetary damages from Coinsquare following collapse of acquisition deal
CoinSmart accepts deal is no more, intends to “commence legal proceedings against Coinsquare.”
AppDirect acquires TBI to expand offerings for technology advisors
AppDirect unified its advisor business under the AppDirect brand earlier this month.
OpenText closes $5.8 billion USD acquisition of Micro Focus, makes workforce reduction
OpenText said it expects to cut the combined entity’s teams by 8 percent due to Micro Focus acquisition.
Nuula sold to Nav Technologies following collapse of Series A round
Nuula CEO: Company planned to raised $5 million but it “became impossible to close.”