Cloud & SaaS Acquisitions in Canada

Stay22, a Montreal-based creator and travel monetization platform, raised a $122 million minority growth investment from Summit Partners to fund international expansion, product innovation and new vertical development. Summit Partners partners Colin Mistele and Daniel Kim joined Stay22's board as part of the transaction.

Eerly AI has acquired RehvUp Technologies to integrate RehvUp's productivity and engagement intelligence into Eerly AI Studio, enabling organizations to connect employee engagement signals to measurable productivity outcomes. The deal strengthens Eerly AI's execution-focused enterprise positioning by combining workflow automation with employee context and engagement insights to accelerate AI-driven outcomes.

Vertus Group, a division of Jonas Software (part of Constellation Software), has acquired Benbria, an Ottawa-based real-time experience management software company. Benbria will continue to operate independently while gaining access to Vertus' network and resources to support future growth of its Loop Experience Platform.

Leadinfo, a team.blue brand, has acquired Canada-based Visitor Queue to expand its North American footprint and accelerate development of a global, privacy-compliant website visitor intelligence platform. Financial terms were not disclosed; the deal brings together complementary B2B visitor-identification and lead-intelligence capabilities and aims to combine customer bases while preserving product continuity.

ScalePad, a Vancouver-based MSP software platform, has acquired Produce8 to integrate deeper software-usage insights into its platform and help MSPs make better licensing, cost-optimization, and risk-management decisions. Produce8 (also Vancouver-based) brings a usage-insight engine and team that ScalePad will fold into its product roadmap to expand platform capabilities.

NetDocuments has completed its acquisition of the eDOCS document management business from OpenText, including the eDOCS product portfolio and its dedicated team. The deal brings the eDOCS platform and customer community under NetDocuments, expanding its global footprint and allowing continued on‑premises support while offering a path to cloud modernization and migration tools.

Route, the Lehi, Utah–based post-purchase platform, has acquired Frate Returns, a Toronto-based returns and exchanges SaaS provider. The acquisition integrates Frate's exchange-first and AI-driven returns capabilities into Route's package protection and order-tracking suite to create a unified post-purchase solution for ecommerce brands; financial terms were not disclosed.

Wolters Kluwer's Corporate Performance & ESG division has acquired StandardFusion, a Vancouver-based cloud GRC provider, for approximately €32 million (~$50 million) in cash. StandardFusion (about 40 employees) will be integrated into Wolters Kluwer's TeamMate audit and assurance platform to create a unified audit and GRC offering; the business generated roughly €4M (C$6M / ~$6M) in unaudited 2024 gross revenue, ~94% recurring.

SofterWare, developer of DonorPerfect fundraising software, has acquired Givecloud, a donor-focused online fundraising and donation-forms platform. The acquisition is intended to accelerate SofterWare’s product roadmap by embedding Givecloud’s donation-form capabilities into the DonorPerfect ecosystem and scale Givecloud’s tools to a broader nonprofit customer base.

Discuss and Voxco have completed a strategic combination, supported by growth investor Terminus Capital Partners, to form a unified market insights company operating under the Discuss brand. The deal brings together Discuss's AI-powered qualitative capabilities, Voxco's quantitative survey platform and Ascribe's text-analytics capabilities to create a connected insights ecosystem serving global brands, agencies and governments.

Wellable has acquired Bright Breaks, a Halifax-based wellness technology platform that offers short, interactive live and on-demand micro-break sessions for employees. The acquisition expands Wellable’s employee wellness offerings by integrating Bright Breaks’ scheduling and content library into its broader wellness, rewards, and analytics ecosystem.

TELUS Corporation completed the acquisition of all outstanding shares of TELUS Digital for US$4.50 per share (approximately US$539 million aggregate consideration), taking TELUS Digital private and making TELUS the 100% owner. The deal is intended to accelerate integration of AI-powered digital customer experience, SaaS capabilities and cross‑company growth opportunities across TELUS’ telecommunications, health, agriculture and consumer goods businesses while delivering operational synergies.

Cologix has acquired DataHiveOne, Calgary's primary carrier-neutral carrier hotel, along with most of DataHive's colocation and interconnection assets, marking Cologix's entry into the Calgary market. The deal expands Cologix's Canadian footprint and interconnection ecosystem to better serve carriers, cloud providers and enterprise customers across Western Canada.

Banyan Software has acquired DocketManager, a cloud-based Print MIS and Web-to-Print platform headquartered in London, Ontario. The acquisition expands Banyan's print MIS footprint and will see John Alden (CEO of PrintIQ) serve as CEO of DocketManager as the company joins Banyan's permanent-capital software portfolio.

XTM International has acquired Consoltec, the Montréal-based creator of FlowFit, a secure Translation Business Management System (TBMS). The deal expands XTM's enterprise localisation capabilities by combining FlowFit's project-management and security-focused TBMS with XTM's AI-driven TMS and localisation platform to create a unified solution for enterprise and government localisation operations.

RapidWorks, a Boston-based provider of software for heavy equipment service providers, has acquired CRO Software, a Calgary-based cloud dispatch and operations management software company serving the waste management and recycling industries. The deal expands RapidWorks' vertical coverage into waste and recycling while providing CRO with capital, product and go-to-market resources; Wavecrest Growth Partners and MassMutual Ventures increased their investment in RapidWorks to support the expansion.

NameSilo LLC, a subsidiary of NameSilo Technologies Corp., acquired CommerceHQ and integrated its drag-and-drop ecommerce website builder into the NameSilo.com purchase flow. The deal allows NameSilo to offer bundled domain, website and email packages and adds ecommerce capabilities to its product suite for small businesses and entrepreneurs.

Appspace has acquired Igloo Software, a provider of modern intranet and digital workplace solutions, adding over 325 customers across healthcare, retail, manufacturing, and hospitality to its platform. The deal expands Appspace's employee communications and workplace experience capabilities by integrating Igloo's intranet technology, with Igloo's team and customers supported during migration and future product integration.

TitanFile, a Toronto-based secure file sharing and client collaboration SaaS platform, received a significant minority growth investment from SEVA Growth LP. The proceeds will be used to scale sales and marketing and accelerate TitanFile's product and technology roadmap; SEVA's founder Shalin Mehta will join TitanFile's board.

Pfingsten’s portfolio company AscendERP Holdings (Ascend) has acquired WebSan Solutions Inc., a Toronto-based provider of AI-enabled ERP, CRM, analytics and Microsoft Dynamics Business Central implementation and support services. The add-on deal — Ascend's third under Pfingsten — closed in May 2025 and is intended to deepen Ascend’s delivery capabilities, expand its IP library and diversify its geographic footprint.

Solifi, a global SaaS provider of secured finance technology, has acquired Leasepath, a cloud-first lease and loan management software provider serving the middle-market equipment finance sector. The acquisition expands Solifi's product portfolio into the small-to-mid-market secured finance segment and supports Leasepath's growth and geographic expansion while retaining existing leadership and operations.

Vertu Capital has made a $30.5 million growth investment in Amilia, a Montreal-based provider of recreation and membership management software and payments solutions. The capital will support Amilia’s product innovation and market expansion, and Vertu partner Eric Kafka will join Amilia’s board.

Eat & Beyond Global Holdings Inc. completed the acquisition of 100% of Milo Media Technologies Inc. in exchange for common shares and replacement warrants. Milo Media will operate as Liquid Link and is developing Xrpfy, a Web3 discovery and analytics platform for the XRP Ledger as Eat & Beyond expands into blockchain infrastructure and tokenization capabilities.

Valsoft Corporation has acquired MonkeySoft Solutions Inc. (doing business as MonkeyMedia), a cloud-based catering management software provider, from ezCater. The acquisition marks Valsoft’s entry into the restaurant technology vertical and will allow MonkeyMedia to continue operating independently while leveraging Valsoft’s resources to invest in the Monkey platform and grow its market presence.

Yottaa has acquired SpeedSense, a web performance consulting firm and creator of the Sensai monitoring technology, to enhance Yottaa's Web Performance Cloud and Web Performance Services. The deal brings SpeedSense's synthetic monitoring capabilities and consulting expertise into Yottaa's platform, enabling brands to measure revenue impact across the full customer experience and consolidating capabilities in the digital experience monitoring market.

Spetz Inc. (CSE: SPTZ) has completed the acquisition of Sonic Strategy Inc., issuing 13,999,999 common shares to Sonic Strategy shareholders in exchange for 100% of the issued and outstanding shares. The acquisition brings Sonic Strategy's blockchain staking and validator capabilities into Spetz's ecosystem to expand its blockchain infrastructure, staking solutions, and validator-as-a-service offerings.

Cordance has made a strategic acquisition of Secure Retail POS Systems, the provider of the S-TAGS POS solution for second-hand and thrift retailers. The deal expands Cordance's suite of vertically-focused B2B SaaS products for the second-hand retail market and aims to accelerate Secure Retail's growth and product innovation across North America.

BlueMatrix has acquired Street Context, a market-leading provider of email intelligence and analytics for the capital markets, to integrate email deliverability, list management and engagement analytics into BlueMatrix’s investment research publishing platform. The deal is effective immediately, was debt-financed by Golub Capital, and is intended to expand BlueMatrix’s product capabilities and global footprint as a Thoma Bravo‑backed platform.

Calgary-based Absorb Software has agreed to acquire mentorship platform Together Software, integrating Together's mentoring capabilities into Absorb's AI-powered learning management system. Together will become a wholly owned subsidiary, with all ~35 employees retained and the companies planning product integration to provide a more comprehensive enterprise learning solution; financial terms were not disclosed.

SingleOps has merged with Landscape Management Network (LMN), acquiring the Serent Capital‑backed vertical SaaS provider for the green industry. The combined company will be led by SingleOps CEO Mark Sedgley and is supported by a growth equity investment from existing investor FTV Capital with participation from Five Elms Capital, creating a market‑leading business management and payments platform serving landscaping, tree care and snow removal customers across North America.

FactSet has entered into a definitive agreement to acquire Irwin, a Toronto-based investor relations and capital markets software provider, from K1 Investment Management. The acquisition will integrate Irwin's IR platform and analytics into FactSet's data and research workflows to offer a unified solution for corporate issuers and investor relations teams.

CORA Group has acquired Volanté Systems, a cloud-based POS and management software provider for the food service industry. Volanté will operate as a standalone brand with CEO Sunil Selby remaining in place as the company joins CORA's portfolio to expand its food-service SaaS capabilities.

Constant Contact has acquired the business of Txtify Technologies to add mobile-first lead generation microsites and survey capabilities to its marketing platform. The acquisition expands Constant Contact's ability to help small businesses convert social media engagement into owned contacts and revenue; Txtify co-founders John Stewart and Eric Dewhirst will join Constant Contact to lead integration of the technology.

QAD Inc. has closed the acquisition of Phenix Software Inc., integrating Phenix's cloud-based production scheduling solution into its product suite as QAD Advanced Scheduling. The deal expands QAD's manufacturing and supply chain capabilities—Phenix will continue to be supported in the market by Zinata as a QAD distributor and implementation partner.

Bamboo Rose has acquired Foresight Retail, a SaaS planning company focused on retailers and brands, to integrate advanced planning capabilities into its Retail Management/PLM platform. The acquisition expands Bamboo Rose's end-to-end offering—linking planning, PLM, sourcing, supplier relationship management, and order management—to provide tighter bidirectional workflows and improved supplier collaboration.

Fastbreak.ai, a Charlotte-based sports technology company, has acquired Optimal Planning Solutions to integrate its optimization-based scheduling technology into Fastbreak.ai’s AI-driven scheduling and sports logistics platform. Rick Stone, CEO of Optimal Planning Solutions, will join Fastbreak.ai as Chief Scheduling Officer to lead integration of the company’s scheduling IP and expertise.

Agilysys, a global hospitality software provider, has acquired Book4Time, a leading cloud-based spa management SaaS platform, from Serent Capital. The deal brings Book4Time's spa and wellness capabilities into Agilysys's hospitality product suite to expand its offerings for hotels, resorts and other hospitality operators.

MDpanel has acquired Burkitt Computer Corporation (BCC), the Canadian provider of the IME case and claims management software W5, to enhance MDpanel’s technology platform and support a broader marketplace for medical-opinion providers. The deal brings BCC’s long-standing client relationships and software capabilities into MDpanel’s offering while preserving client independence and enabling further innovation and national-scale opportunities.

VitalHub Corp. signed a definitive agreement and completed the acquisition of Toronto-based MedCurrent Corporation, a physician-founded clinical decision support (CDS) company and maker of the OrderWise platform. The deal provides approximately C$12.0 million cash at closing plus contingent earn-outs of up to C$21.9 million (total consideration up to ~C$34 million), and is intended to expand VitalHub’s healthcare SaaS capabilities and complement its Patient Flow product suite.

GrowthCurve Capital completed a majority investment in PureFacts Financial Solutions, a Toronto-based SaaS provider of end-to-end revenue management solutions for the investment industry. The transaction gives GrowthCurve control while founder and employees retain an ownership interest; proceeds will support product development, market expansion and AI-enabled capabilities. Terms were not disclosed.

Studio Designer, the Los Angeles–based business management software platform for interior designers, has acquired Ottawa-based Mydoma to create an end-to-end business and project management solution for designers. The combined company will integrate Mydoma’s lead generation, project management, and time-tracking capabilities into Studio Designer’s accounting and sourcing tools to serve firms across all growth stages.

Varicent, a Toronto-based leader in sales performance management (SPM) SaaS, announced a strategic growth investment led by Warburg Pincus with participation from existing investors Great Hill Partners and Spectrum Equity and company management. The capital will be used to accelerate Varicent’s AI-driven capabilities, expand its Revenue Performance Engine, and support potential strategic acquisitions and global market expansion; the deal is expected to close in Q3 2024.

PathFactory announced the strategic acquisition of Uberflip in a stock-for-stock transaction to create a global leader in B2B content intelligence and personalization. The combined company will operate under the PathFactory name, combining PathFactory’s content engagement analytics with Uberflip’s content experience capabilities to accelerate product innovation and scale growth.

Lead Edge Capital has made a strategic growth investment in IGM Technology, a provider of cloud-based financial reporting, budgeting and disclosure software for state and local governments. The minority growth equity investment — the company’s first institutional capital raise — will be used to accelerate product development, expand operations and support market adoption of IGM’s Gravity platform.

Altair has entered into a definitive agreement to acquire all outstanding capital stock of Metrics Design Automation Inc., a Canadian provider of cloud-native simulation-as-a-service (DSim) for electronic design automation (EDA). The acquisition adds cloud-based digital simulation and scalable design verification capabilities to Altair's Altair One platform, expanding its EDA and semiconductor software offerings; closing is subject to customary conditions.

Upshop has merged with Invafresh to create a combined global food retail platform that streamlines forecasting, ordering, production and inventory optimization for grocery retailers. Tailwind Capital will retain an equity stake in the combined company alongside Level Equity; financial terms were not disclosed.

eHouse, a Charleston-based commerce agency and Shopify Plus Partner, has acquired VL OMNI, a commerce data integration platform and services group. The acquisition adds iPaaS, ERP, EDI and marketplace connectors and integration services to eHouse's offerings, positioning the firm to serve mid-market and enterprise commerce clients end-to-end; VL OMNI founder Robin H. Smith joins eHouse as Head of Integration Solutions.

Goldman Sachs Asset Management has acquired CarltonOne Engagement (CarltonOne), a Markham, Ontario–based SaaS engagement and e-commerce platform for employee recognition, customer loyalty, rewards and sales/channel incentive programs. The sale represents H.I.G. Growth Partners' exit after investing in CarltonOne in 2017 and helping the company scale—during H.I.G.'s ownership CarltonOne grew revenues ~4x and increased EBITDA over 6x.

London-based regtech CUBE has acquired Thomson Reuters’ Regulatory Intelligence and Oden businesses, expanding its regulatory content, subject-matter expertise, and global customer base. The deal (terms undisclosed) brings significant scale and specialist resources to CUBE’s AI-driven RegPlatform and is supported by investor Hg as part of CUBE’s broader growth strategy.

Legion Technologies, a provider of AI-native workforce management software, raised $50 million in a growth round led by Riverwood Capital with participation from existing investors including Norwest, Stripes, Webb Investment Network and XYZ. The capital will be used to accelerate product R&D, expand go-to-market (including a European GTM team) and support international customer growth.