Over the past week, two Canadian companies have made acquisitions of companies in the United States. Here’s the latest on Canada’s movers and shakers.
Q4 purchases S&P Global Market Intelligence’s IR web hosting business
The terms of the acquisition were not disclosed, although S&P reportedly made an undisclosed minority investment in Q4 in connection with the acquisition.
“This new strategic alliance … allows us to more deeply serve our clients across a broader set of industries.”
This marks Q4’s fourth acquisition since 2015, and comes as part of what the company called its “industry consolidation strategy.” Q4 said this purchase will allow both parties to concentrate on their core functionalities and will lead to the integration of S&P’s data into Q4’s portfolio of solutions, which is meant to create more opportunities for commercial collaboration.
“This new strategic alliance helps to strengthen this commitment and allows us to more deeply serve our clients across a broader set of industries, including financial services, banking and REITs [real estate investment trust],” said Darrell Heaps, CEO of Q4. “Over the last few months, we have worked hard to understand the needs of S&P’s IR web hosting clients and we look forward to welcoming them to Q4.”
Q4 has offices in New York, Toronto, Copenhagen, and London. Its services allow investors to access analyst insights, trade monitoring and live data on institutional trading, stock price fluctuations, and relative performance. The company was founded in 2006, and its most recent funding round was a $49.3 million CAD Series C.
CentriLogic acquires ManageForce, looks to US expansion
CentriLogic said the deal will allow it to buttress its service capabilities.
The terms of the acquisition were not disclosed. Robert Offley, the president and CEO of CentriLogic, said ManageForce’s services will allow CentriLogic to broaden its capabilities and better fulfill customer demand. The acquisition will also expand CentriLogic’s US footprint, adding new locations in Chicago, Boston, and Portland.
“As we continue to help customers with IT transformation efforts, we understand the importance of being able to deliver a full-stack solution that extends from the application through to infrastructure and ongoing management,” Offley said.
CentriLogic said the deal will allow it to buttress its application and database management service capabilities and further its strategy to deliver full-stack solutions to global customers. The entire ManageForce team will remain with the combined company and will work to further the sales and marketing of the business’ expanded portfolio of services.
Founded in 2007, CentriLogic provides cloud computing, co-location, and advanced IT outsourcing solutions. The company is based in Mississauga, Ont., and one of its more recent acquisitions include that of Advanced Knowledge Network, which was completed in 2015.
Image source Q4 Inc.