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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