Today in acquisitions: Converge Technology Solutions, LEAF Mobile, Syntax, and more

agtech

Over the past week, a number of Canadian tech companies have been involved in acquisitions, including OSF Digital, Syntax, LEAF Mobile, Semios, Converge Technology Solutions, and Omnivigil Solutions. Here’s the latest on Canada’s movers and shakers.

Semios acquires Centricity

Vancouver-based AgTech startup Semios has acquired Centricity, which develops field data collection applications for agricultural businesses. The purchase price of the deal was not disclosed.

Semios recently revealed plans to consolidate crop management solutions and integrate them into one platform as part of its push to offer more precision agriculture software to farmers. That announcement was made when Semios acquired agricultural automation company Altrac. A spokesperson told BetaKit the Centricity team will work under Semios.

One of Centricity’s applications includes ApRecs, which was developed to help growers to make better process decisions through industry compliance and operational workflow so they can focus on growing.

Converge Technology Solutions acquires ExactlyIT for $26.4 million USD

Toronto-based Converge Technology Solutions has acquired ExactlyIT for $26.4 million USD. This represents Converge Technology Solutions’s 20th acquisition since October 2017.

The purchase is aimed to assist with Converge’s global expansion and accelerate the roll-out of its services to clients. ExactlyIT is also intended to bring new expertise to Conver’s analytics and cybersecurity teams.

Founded in 2019, ExactlyIT manages business-critical systems and delivers managed IT services. Following the deal, ExactlyIT’s team members will join the Converge employee base and its co-founders Michael Heuberger, Kevin Diaz, and Mohammad Ahmmad will remain in their positions as part of Converge and ExactlyIT.

Converge was founded to build a national platform of regionally focused IT infrastructure firms in the United States and Canada. The company provides cloud platforms and services, blockchain technologies, resiliency solutions, and managed services, as well as access to business accelerators. Converge has acquired a number of companies this year, including Vicom Computer Services, Vivvo Application Studios, and CarpeDatum.

LEAF Mobile to acquire Truly Social Games

Vancouver-based gaming company LEAF Mobile entered into a definitive agreement to acquire Truly Social Games for up to $37 million.

The purchase price consists of $3 million in cash and up to $34 million in shares. The deal will be completed in up to three tranches. A spokesperson for LEAF Mobile told BetaKit the acquisition of 100 percent of Truly Social Games could occur within five to 36 months, based on performance criteria.

Truly Social Games’ team will join LEAF’s group of companies. The company, which is also headquartered in Vancouver, builds games aimed to engage players with each other.

Founded in 2018, LEAF offers a portfolio of free-to-play mobile games, developed, and published in-house or through intellectual property partnerships and acquisitions. LEAF recently graduated to the TSX from the TSX Venture Exchange, shortly after making a $159 million acquisition of another British Columbia-based gaming studio, East Side Games.

Omnivigil Solutions acquired by Cloudli

Québec-based telecommunications company Omnivigil Solutions has been acquired by Cloudli, a provider of voice, data and messaging solutions based in the United States. The financial terms of the deal were not disclosed.

The acquisition is aimed to help Cloudli to expand its Canadian customer base (Cloudli targets small- to medium-sized businesses), while integrating new services into its offering. With its integration of Omnivigil Solutions, Cloudli will offer new contact center, CRM and third-party integrations.

Omnivigil was founded in 2009 and offers telecommunication, mass notification, and call center solutions. Following the deal, Omnivigil will maintain its offices in Québec. Cloudli claims Omnivigil has more than 1,800 customers and over 70 partners, with points of service in all of Canada’s provinces.

Cloudli has over 7,000 customers in the US and Canada. The firm creates and sells communications solutions. Following the deal, Cloudli will retain Omnivigil’s employees. Christian Pare, CEO of Omnivigil Solutions, will become Cloudli’s senior vice president of products.

Montréal-based Syntax acquires Toronto-based Illumiti

Illumiti, an SAP systems integration and management consultancy based in Toronto, has been acquired by Syntax, a Montréal software consultant firm. The purchase price of the deal was not disclosed.

The acquisition will see Syntax acquire more than 250 SAP professionals and customers from Illumiti, which Syntax said will allow both companies to offer end-to-end SAP solutions and expertise. The deal is aimed to help Syntax expand its SAP practice in North America.

Illumiti is an SAP Platinum Partner, meaning SAP’s executive board has approved the company’s business case. Illumiti provides strategy, tech, and business transformation advice and solutions to its clients.

Syntax is a portfolio company of Novacap. Founded in 1972, Syntax helps businesses implement and deploy enterprise resource planning software, including SAP and Oracle.

OSF Digital acquires Paladin Group

Québec-headquartered commerce and digital cloud company OSF Digital has acquired Paladin Group, an international security services company. The financial terms of the transaction were not disclosed.

This latest acquisition is intended to support OSF’s strategy to strengthen its Salesforce Experience Cloud capabilities in North America. It follows a string of recent acquisitions by OSF Digital this year, including Relation1 and Adept Group, the latter of which followed OSF’s $52 million Series B round of funding.

OSF Digital builds e-commerce solutions to assist businesses with their digital transformation. The firm’s products include cloud accounting, order management connectors, and commerce optimization tools.

Paladin Group is a professional services firm that aims to help businesses build digital communities and experiences for their employees, customers, and partners. Following its acquisition, all Paladin employees have joined the OSF Digital team.

Image source Unsplash. Photo by Markus Spiske.

Isabelle Kirkwood

Isabelle Kirkwood

Isabelle is a Vancouver-based writer with 5+ years of experience in communications and journalism and a lifelong passion for telling stories. For over two years, she has reported on all sides of the Canadian startup ecosystem, from landmark venture deals to public policy, telling the stories of the founders putting Canadian tech on the map.