Two Canadian tech companies have recently made acquisitions or have been acquired, including VitalHub and Shift CRM. Here’s the latest on Canada’s movers and shakers.
VitalHub acquires Alamac
Toronto-based healthtech firm VitalHub has acquired the United Kingdom’s (UK) Alamac, which offers tech and advisory solutions for healthcare organizations in the UK, for about $3.2 million CAD (£1,850,000) in cash. The purchase price remains subject to post-closing working capital adjustments.
Founded in 2015, VitalHub offers software for health and human service providers, including hospitals, regional health authorities, long-term care facilities, and community and social services providers. The TSX Venture Exchange-listed company currently serves over 275 clients across Canada, the United States, the UK, Australia, Qatar, and Latvia.
Dan Matlow, VitalHub’s CEO, said the company’s customer base “will see immense value through the addition of Alamac,” adding that the two companies plan to develop a joint offering in “short order.”
Shift CRM acquired by Silverline
New York-based digital transformation consulting firm Silverline has acquired a Toronto-headquartered startup Shift CRM. The financial terms of the deal were not disclosed.
Founded in 2009, Shift CRM provides advisory services and builds Salesforce platform solutions for media and entertainment organizations. According to Silverline, Shift CRM will continue to operate under the Silverline brand. Silverline said Shift CRM’s media and entertainment industry knowledge “will complement Silverline’s decade-long expertise in serving the financial services and healthcare industries.”
“We are thrilled to join forces with Silverline, who has a reputation for innovation and industry across the Salesforce ecosystem,” said Jonathon Millman, founder and CEO of Shift CRM. Millman is joining Silverline to lead its media and entertainment activities.
Feature image from Shift CRM
