Shareholders file proposed class action alleging Exro misrepresented revenue projections
Plaintiff describes 2024 revenue forecasts Exro made in January as “delusional.”
Acquisitions
Manzil launches Halal wealth management solution following acquisition of Canadian Islamic Wealth
CEO sees M&A as “critical” for the long-term viability of the Islamic finance industry.
TechTO acquires Peerscale to broaden support for later-stage tech entrepreneurs
New CEO Marie Chevrier Schwartz sees Peerscale as the “graduating class of the TechTO ecosystem.”
Insurance giant Intact scoops up home maintenance startup Jiffy
Deal expected to expand Jiffy’s service to more Canadian markets.
Nuvei posts revenue growth in final earnings as go-private deal gets green light
Having received regulatory approval, Nuvei expects its $6.3-billion USD go-private deal to close on Friday.
AppDirect’s acquisition spree heats up as it reveals plans to purchase vCom Solutions
The deal marks the fourth acquisition for Canadian-founded AppDirect in the last two years.
Manzil acquires Aghaz to expand Halal financial solutions to the United States
Deal includes Aghaz’s platform and status as a Registered Investment Advisor with the SEC.
Spark Real Estate acquires Juniper Homeowner Care to expand home developer CRM offering
Spark president: “When enough people tell you to combine the two companies, it’s time to start listening.”
Thomson Reuters acquires American portfolio company Materia AI
Materia emerged from stealth earlier this year with Thomson Reuters’ backing.
Round13 Capital to acquire startup lending platform TIMIA Group for $6.5 million
Round13 managing partner says the deal equips VC firm with an expanded arsenal of financing options.
BlueCat Networks to acquire San Francisco-based LiveAction from Insight Partners
Insight will remain a minority investor in the network intelligence solution.
Sagard-backed Audensiel acquires tech consultancy Maltem Canada
Deal comes one year after the French consulting firm opened its Montréal office.
Propel Holdings to acquire UK-based QuidMarket for $95.9 million CAD
Company sees the UK as potential beachhead for expanding into the European market.
US-based business banking startup Mercury acquires accounting platform Teal for an undisclosed amount
Acquisition comes mere months after Vancouver startup announced an $11 million CAD seed round.
“Gordon Ramsay doesn’t want to flip burgers”: Rundle acquires photography startup Iris Booth as founder prepares to step back
Halifax startup mass produces headshots for large orgs with its self-service photo booths.