Canadian companies got a lot of attention from American acquirers in this round of funding. Here’s the latest on who acquired whom.
Vancouver-based Wantering acquired by Who What Wear parent company
In a report from TechCrunch, the team at Wantering, which lets users browse through the latest fashion trends and style blogs and purchase from 150 ecommerce stores, will be joining CMG. The move is part of CMG’s plans to become a leading commerce destination.
Playerize Network acquired by Perk.com
Playerize Network, a Vancouver-based company that owns SuperRewards, has been bought by Austin, Texas-based Perk.com, a mobile rewards business.
SuperRewards is an alternative payments and virtual rewards provider. Under the terms of the deal, Perk issued 455,000 Perk common shares and paid CAD $465,000 in cash. “By partnering with Perk, we are able to further that mission and have a competitive advantage over any individually focused rewards platform or alternative payment provider,” said Jeff Magnusson, co-CEO of SuperRewards. “We are excited to be a part of a leading mobile rewards platform and look forward to a long successful partnership.”
SecureReset acquired by Massachusetts-based Courion
Halifax-based SecureReset, which provides authentication solutions for enterprise password resets, has been acquired by K1-backed Courion, a provider of intelligent Identity Governance and Administration (IGA) solutions.
SecureReset’s system supports resets for enterprise systems, including leading directories, file servers, UNIX servers, and databases. “With this acquisition we will be able to include SecureReset’s innovative products immediately into our PasswordCourier product which will give us the opportunity to provide more valuable services to our customer base,” said David Earhart, CEO at Courion. “This acquisition will give us the ability to expand our offerings in the IAM market and will be paramount in our bold plans for the future of Courion.”
Montreal-based SmartReno buys local competitor Zoomission
SmartReno, a Montreal-based company that connects people with professional renovation contractors, acquired local competitor Zoomission.
Zoomission, which also helps homeowners find home improvement contractors in Quebec, will complement SmartReno’s offering and join the SmartReno team. As Zoomission boasts that it receives almost 20,000 projects annually and has an extensive network of over 2,500 qualified service providers, the acquisition will help SmartReno expand its network.