LifeSpeak Inc. Acquires LIFT Digital Inc. (LIFT session)

October 12, 2021

LifeSpeak Inc. (TSX:LSPK) has completed the acquisition of Montreal-based LIFT Digital Inc., operating as LIFT session, to add on-demand fitness and live workout capabilities to its mental health and total wellbeing SaaS platform. The deal consideration was approximately $15.0 million (about $9.5 million cash and ~550,000 common shares), and LifeSpeak expects the acquisition to enable cross-sell opportunities and accelerate product capability and geographic growth.

Buyers
LifeSpeak Inc.
Targets
LIFT Digital Inc. (LIFT session)
Industry
Cloud & SaaS
Location
Quebec, Canada
Transaction Type
Buyout

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