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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