Carbon6 to be acquired by US-based SPS Commerce for $301 million CAD to grow e-commerce merchant toolkit
Co-founder says company was grateful to land rare nine-figure Canadian tech exit.
Acquisitions
BrainBox AI acquired by Irish HVAC giant Trane to cut building emissions using AI
Acquisition marks bright spot amid dim exit landscape in Québec.
Bench had a crazier holiday break than your startup
Bench acquired by Employer.com three days after abrupt Dec. 27 closure.
Thomson Reuters acquires American tax automation software SafeSend for $600 million USD
SafeSend integrates with various tax preparation products, including Thomson Reuters’s own UltraTax CS.
Fiserv to acquire Payfare in $201.5-million CAD deal after swiping its DoorDash business
Pending transaction follows Payfare’s share price plummet and strategic review in September.
Why Round13 Capital is betting on venture debt
Following unsuccessful bid for SVB Canada’s assets, Round13 wants to target underfunded startups with TIMIA.
Paystone to acquire fellow payments processor Ackroo for $21 million
The last time Ackroo stock was valued at the purchase price of $0.15 per share was November 2021.
Absorb to acquire Together in bid to bring mentorship to its learning software
Calgary firm to absorb Together to provide more “comprehensive learning solution.”
Cookin acquired by US-based, fellow chef-made meal delivery startup CookUnity
CookUnity eyes Canadian expansion starting with Toronto in 2025.
Shareholders file proposed class action alleging Exro misrepresented revenue projections
Plaintiff describes 2024 revenue forecasts Exro made in January as “delusional.”
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.