Quorum Information Technologies Acquires Accessible Accessories Ltd.
March 10, 2022
Quorum Information Technologies Inc. has entered into a definitive agreement to acquire Accessible Accessories Ltd., a Medicine Hat–based web‑platform provider that helps franchised automotive dealerships sell accessories. The acquisition (announced March 10, 2022) is expected to close around April 1, 2022 for $4.5 million in cash and will expand Quorum’s SaaS offerings, add roughly $1.5 million of annual SaaS revenue, and create cross‑sell and product integration opportunities across its dealership management and digital retailing solutions.
- Buyers
- Quorum Information Technologies Inc.
- Targets
- Accessible Accessories Ltd.
- Industry
- Software
- Location
- Alberta, Canada
- Transaction Type
- Buyout
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