Quisitive Acquires Catapult Systems for US$51.5M

H.I.G. Capital Affiliate Acquires Quisitive Technology Solutions

March 11, 2025

IT Services

An affiliate of H.I.G. Capital has completed the acquisition of Quisitive Technology Solutions Inc., a Dallas-based Microsoft Cloud and AI solutions provider. Quisitive, which has nearly 500 employees and focuses on digital transformation, managed services and AI solutions across the Microsoft ecosystem, will continue to be led by CEO Mike Reinhart as H.I.G. supports the company’s growth and capability expansion.

Quisitive Acquires Mazik Global

March 22, 2021

Cloud & SaaS

Quisitive Technology Solutions Inc. acquired Mazik Global Inc., a Chicago-based Microsoft ISV that provides healthcare-focused cloud solutions including the MazikCare platform and VaccineFlow. The acquisition adds Mazik's IP, roughly 50 employees and a Chicago hub to Quisitive, expanding Quisitive's healthcare capabilities and U.S. footprint.

Magaya Corporation Acquires Catapult

September 24, 2020

Logistics & Distribution

Magaya Corporation acquired Catapult, a freight rate management software provider, to integrate rate quoting and rating capabilities into Magaya's logistics and supply chain platform. The acquisition expands Magaya's product offering for freight forwarders, NVOCCs and carriers, enabling smarter quoting and rating workflows across its customer base.

Quisitive Acquires BankCard USA

March 29, 2021

Payments & Fintech

Quisitive Technology Solutions Inc. entered into an agreement to acquire BankCard USA Merchant Services, Inc. for US$100 million in cash plus the issuance of 50,000,000 common shares and a potential earn-out of up to US$20 million. BankCard USA, based in Westlake Village, California, processes over US$3.0 billion in payments annually, reported LTM revenue of US$29 million and LTM adjusted EBITDA of US$11 million, and will be integrated into Quisitive's LedgerPay payments platform; the deal is expected to close in Q2 2021 subject to approvals.

Quisitive Sells BankCard USA to BUSA Acquisition Co.

March 27, 2024

Payments & Fintech

Quisitive Technology Solutions has entered into an agreement to sell its BankCard USA Merchant Services business to BUSA Acquisition Co., a Nevada entity backed by a consortium of BankCard employees and third‑party investors, for US$40.0 million plus other consideration and settlement of prior earnout obligations. The transaction is a divestiture intended to simplify Quisitive into a pure‑play Microsoft Cloud and AI provider, reduce debt and improve its pro forma adjusted EBITDA; the acquiror secured senior secured financing from WhiteHorse Capital to fund the deal.

Quisitive Technology Solutions Acquires Corporate Renaissance Group

June 11, 2019

IT Services

Quisitive Technology Solutions, a Microsoft solutions provider, acquired all issued and outstanding shares of Corporate Renaissance Group (CRG), a Microsoft technology consulting and business software firm based in Ottawa, Ontario. The acquisition expands Quisitive's Dynamics 365 implementation and enterprise performance capabilities and broadens its geographic footprint across Canada, the United States and the Caribbean.