Today in acquisitions: Kinduct, Quill, Lane

Lane

Over the last week, several startups have been involved in some notable Canadian tech acquisitions, including Kinduct, Quill, and Lane. Here’s the latest on Canada’s movers and shakers.

Proptech startup Lane acquires eServus

Toronto-based proptech and tenant experience startup Lane has acquired eServus, a corporate concierge services company. The purchase price of the deal was not disclosed.

With the acquisition of eServus, Lane will add 25 new clients, 300 properties, and 70 million square feet to its portfolio. Lane did not disclose the status of eServus’ team following the acquisition.

The acquisition comes four months after Lane raised $10 million Series A round.
 

“eServus has a stellar reputation for tenant engagement in the commercial real estate space,” said Clinton Robinson, CEO and co-founder of Lane. “Their lobby ambassador program, content, and corporate partnerships will complement Lane’s technology-based offerings and allow us to foster even greater connections between each and every member of the workplace.”

The acquisition comes four months after Lane raised a $10 million Series A round of financing. Lane was founded in 2015 by Robinson and Kofi Gyekye, Lane’s chief product officer. The company offers a platform to streamline office space communications between landlords, property managers, businesses, retailers, and vendors.

Founded in 1999, eServus delivers property management services to more than 250,000 office-goers across the United States and Canada. eServus specializes in tenant engagement, providing discounted ticket services, plus a variety of other services.

Quill acquires Toronto-based Origins Media Haus

Toronto and Chicago-based Quill, which offers a marketplace that connects podcasters with expert freelancers, has acquired Toronto-based Origins Media Haus, a marketing agency focused on podcasts and video.

Quill declined to disclose the price of the deal. Quill has acquired Origins Media Haus’ entire team and clientele. Origins Media Haus co-founder and CEO Stephanie Andrews will join Quill as head of production.

Founded in 2019, Quill offers what it calls a one-stop marketplace for podcasters to find pre-vetted expert freelancers who can save them time, improve podcast quality, and help grow their audience.

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Quill was founded by Canadian tech entrepreneur Fatima Zaidi, who has spent a decade working in marketing and sales and has served in roles at several CDN companies, including Willful. Quill has been bootstrapped since founding and has partnered on podcasts for brands including Field Trip Health, Axway, Bay Street Bull and RBC Disruptors. The acquisition of Origins Media Haus follows a partnership between the two companies on several podcasts.

“In partnership with Origins Media Haus, we’ve already produced some incredible results for our clients,” said Zaidi. “This is a natural next step that will allow us to continue to produce effective shows and deliver them to the listeners who crave them.”

Atlantic Canada startup Kinduct acquired by mCube

Halifax-based Kinduct, which develops data consolidation and performance optimization technology for athletes, trainers, and coaches, has been acquired by Silicon Valley semiconductor company mCube.

According to Entrevestor, the purchase price totalled to more than $70 million, putting the startup’s exit among the ranks of other large Atlantic Canada tech exits, including Radian6 and Verafin.

Following the deal, Kinduct will act as a subsidiary of mCube. There will be no changes to the current Kinduct team as it relates to this deal. The company told BetaKit it plans to make new hires.

“Joining mCube, an established Silicon Valley technology leader, is a great opportunity for the Kinduct team to expand globally,” said Travis McDonough, CEO and founder of Kinduct. “mCube’s broadly-adopted sensor fusion solutions will integrate seamlessly with our cloud-based Athlete Management System to provide deep insights to help optimize athletic performance for professionals as well as consumers.”

Founded in 2010, Kinduct has developed a platform that provides users with sports-related health data to assist athletes, coaches, trainers and sports medicine professionals. Kinduct’s team currently sits at 70.

Disclosure: Fatima Zaidi is a contributor to BetaKit.

Image source Lane.

Isabelle Kirkwood

Isabelle Kirkwood

Writer, globetrotter, drone pilot & David Attenborough enthusiast