IT Services Acquisitions in Canada

AYCE Capital has made an investment in Solid Technology Solutions, an Edmonton-based Managed Service Provider specializing in healthcare IT. The partnership gives Solid Tech additional capital and AYCE-provided back-office support (sales, finance, vendor management) and connects the company to AYCE's broader MSP ecosystem to support growth in Alberta.

Innovia Consulting has acquired Microsoft partner firms 365Vertical and 365 Cannabis to expand its industry‑focused Microsoft Dynamics 365 Business Central portfolio. The deal brings specialized ERP and seed‑to‑sale capabilities and teams into Innovia to broaden vertical solutions for regulated industries such as cannabis, agriculture, and manufacturing.

Ricoh (through Ricoh Canada Inc.) has acquired ET Group, a Toronto-based audiovisual technology and workplace collaboration integrator and division of Pistil Enterprises Ltd. The acquisition expands Ricoh's digital workplace and AV integration capabilities in Canada, adding enterprise and public-sector AV engineering, managed services, and hybrid collaboration solutions to Ricoh's portfolio.

CarbonWeb has acquired Ontario-based Green Llamas Consulting to expand its monday.com implementation, integration, and managed-services capacity across North America. The Green Llamas team will remain intact as it integrates with CarbonWeb to improve delivery speed, service availability, and technical depth for clients deploying the monday.com platform.

CGI Inc. has acquired Online Business Systems, an IT consulting firm based in Winnipeg. The deal brings more than 350 professionals into CGI and strengthens the company's Winnipeg presence while expanding its digital transformation, AI and cybersecurity capabilities across Canada and the United States.

Verndale, an independent digital customer experience agency based in Boston, has acquired Fishtank, a Sitecore Platinum Partner headquartered in Calgary, Alberta. The acquisition expands Verndale's Sitecore and AI capabilities, combining the teams to form a leading SitecoreAI experience practice for mid-market and enterprise clients across North America.

Convergence Networks, backed by Riverside Partners, has acquired Clear Concepts, a Winnipeg-based IT services firm known for Microsoft 365 and Azure expertise. The deal adds more than 65 employees to Convergence Networks, expands its Canadian footprint, and strengthens its security-first managed services and Microsoft capabilities across North America.

CenterGate Capital, an Austin-based private equity firm, announced an investment in JRTech Solutions, a Montreal-headquartered provider of electronic shelf labels (ESL) and robotic inventory management technology for North American retailers. JRTech’s CEO Diego Mazzone will remain in place as the company partners with CenterGate to accelerate product innovation and expand service capabilities across grocery, pharmacy and hardware retail end markets.

OSI Digital, a global digital transformation and IT services provider headquartered in Calabasas, California, has acquired ERP Buddies, a certified Oracle NetSuite solutions provider. The acquisition expands OSI Digital's Oracle NetSuite capabilities and strengthens its footprint in the mid-market ERP space, enabling broader global delivery of ERP implementation and managed services.

F12.net, a Canadian managed IT and cybersecurity provider, has acquired AMTRA Solutions, a Calgary-based Microsoft technology partner specializing in Azure, Modern Work, and AI solutions. The deal will operate AMTRA as a division of F12 to expand Microsoft cloud, AI, and security capabilities for Canadian mid-market and enterprise clients.

Innovia Consulting has merged Lloyd Business IT Solutions into its North America operations, expanding its Microsoft Dynamics 365 Business Central and NAV capabilities in Canada. Lloyd's founder and owner, Dan Kaltiainen, will join Innovia to support client transitions and contribute technical expertise.

Hoist Global Tech Solutions (HOIST), an Ottawa-based IFS-focused systems integrator, received a growth investment from Boston-based growth equity firm WestView Capital Partners. The capital will support HOIST's continued expansion of its IFS implementation, support and industrial AI services across multiple industries and geographies; financial terms were not disclosed.

An affiliate of H.I.G. Capital has completed the acquisition of Converge Technology Solutions Corp. and merged Converge with H.I.G. portfolio company Mainline Information Systems to form Pellera Technologies. The combined, Tallahassee-headquartered business — led by CEO Greg Berard and President/COO Jeff Dobbelaere — will focus on scaling IT services across cybersecurity, cloud, digital infrastructure and AI, and generated approximately $4 billion in pro forma 2024 revenue.

Kicksaw, a Rallyday Partners portfolio company, has acquired SkyVenn, a Toronto-based Salesforce managed services partner, to expand its managed services capabilities and deliver deeper, long-term value to clients. SkyVenn will operate as "a Kicksaw Company" while the teams integrate, with a full transition expected in early 2026.

CGI has acquired Québec City-based Momentum Technologies, a provider of data analytics and business intelligence services, bringing more than 250 consultants into CGI. The deal strengthens CGI's presence in Québec City and deepens its data, analytics and AI capabilities to serve public sector and commercial clients including health and insurance.

Supra Canada Technologies Ltd (operating as Supra ITS), a Canon-backed Canadian managed IT and cybersecurity provider, has acquired Apogee IT Services. Tequity Advisors acted as exclusive financial advisor to Apogee; the deal expands Supra ITS's North American presence, broadens technology and security capabilities, and provides Apogee clients with enhanced 24x7 managed services and Canadian data-centre capacity.

HUB Technology Solutions Ltd., a managed IT services provider based in Winnipeg, Manitoba, has acquired the IT division of Synchena Consulting Inc. The divestiture lets Synchena focus on its core GIS and asset management services while expanding HUB's managed IT, cybersecurity, cloud and municipal service capabilities in Manitoba.

MML Capital Partners has made a growth investment in Toronto-based RAVL Inc., a technology advisory and engineering firm serving financial services clients across North America. The partnership will support RAVL’s continued growth and investment in people, technology and delivery capabilities across DevSecOps, cloud, AI and software engineering.

World Wide Technology (WWT) completed its acquisition of Softchoice Corporation pursuant to a plan of arrangement, acquiring all outstanding Softchoice shares for C$24.50 per share (C$1,478,242,241 aggregate, ~US$1.3B). The deal expands WWT's software, cloud, cybersecurity and AI capabilities and broadens its presence in Canada and the North American SMB and commercial markets; Softchoice will operate as a WWT company with Andrew Caprara remaining as CEO.

Pomeroy Technologies, LLC has completed its acquisition and integration of Soroc Technology, a Woodbridge, Ontario–based full-service IT solutions provider. The deal expands Pomeroy’s North American footprint and service delivery capabilities, creating a combined organization with enhanced infrastructure, talent and managed-service offerings to better serve enterprise and mid-market clients.

Service Express, a Grand Rapids-based data center and infrastructure solutions provider, has acquired Mid-Range, a managed infrastructure and cloud services provider based in the Greater Toronto Area. The acquisition expands Service Express' presence in Canada and augments its service offerings with Mid-Range's managed infrastructure, cloud hosting, colocation and JD Edwards ERP capabilities.

Alithya Group Inc. has acquired XRM Vision for up to C$35 million in a mix of cash, Alithya Class A shares and a potential earnout. The deal brings about 85 Microsoft-focused CRM and Project Portfolio Management specialists into Alithya, expanding its Microsoft Dynamics 365, Power Platform and smart-shoring capabilities across Canada and Morocco.

IT Solutions Consulting, a Philadelphia-based managed service provider, has acquired PACE Technical, a Toronto-based outsourced IT services provider, marking IT Solutions' first expansion into Canada. The deal will expand IT Solutions' managed services footprint and strengthen its offerings for legal, healthcare, and other commercial clients with enhanced local presence and cybersecurity capabilities.

Beringer Capital has completed its inaugural Fund V investment by taking a strategic stake in Northern Commerce, a London, Ontario-based digital transformation consultancy. The partnership will support Northern's capability expansion, geographic growth across North America, and a continued add-on acquisition strategy; terms were not disclosed and Canaccord Genuity advised Northern.

VSS Capital Partners completed a growth capital investment in Lane Four Consulting, a Toronto-based Salesforce consulting and managed-services firm. The founder and CEO, Andrew Sinclair, retains a majority stake; the investment will support product/platform development, capability expansion, and potential strategic acquisitions to accelerate Lane Four's growth.

TELUS Corporation, through a wholly owned subsidiary, purchased 2,593,631 subordinate voting shares of TELUS International (Cda) Inc. ("TELUS Digital") on the Toronto Stock Exchange at an average price of C$4.90, representing a total additional investment of C$12.7 million. The purchases increased TELUS' subordinate voting stake by ~2.35 percentage points (to ~5.99% subordinate voting shares) and raised its overall ownership to approximately 57.7%; TELUS said the purchases reflect confidence in TELUS Digital's long-term growth and were made for investment purposes.

Osprey Technology Solutions has acquired 100% of Lanworks, a Canadian managed IT services and network infrastructure provider. The deal — advised by Tequity — expands Osprey's MSP platform, bringing Lanworks' team, cybersecurity and cloud capabilities into Osprey's North American managed services footprint.

Improving, a PE-backed technology consulting and custom software firm, has acquired Imaginet, a Microsoft-focused technology services company with offices in Winnipeg, Canada and Dallas, Texas. The add-on acquisition expands Improving's Microsoft capabilities, establishes an Improving presence in Winnipeg, and helps push Improving's annualized revenue to exceed $280 million while Imaginet's leadership remains in place.

Bell has acquired Canadian technical services firms Stratejm and CloudKettle Inc., adding managed cybersecurity and Salesforce professional services to its capabilities. Both businesses will join Bell's group of companies and report into FX Innovation to strengthen Bell's cloud, security and AI-powered enterprise offerings.

CGI has acquired Celero’s credit union business, including master services agreements for managed services, core banking, digital banking and related IT services serving more than 90 credit unions across Canada. More than 150 Celero employees will join CGI as the business is integrated into CGI’s operations to expand and deepen its core banking and digital banking offerings for the Canadian credit union sector.

Paris-based HR Path Group has acquired Toronto-based GroupeX Solutions to expand its Human Capital Management (HCM) consulting capabilities and strengthen its presence in North America. GroupeX, a long-standing SAP SuccessFactors, UKG, WorkForce Software and Dayforce partner with 100+ senior SAP consultants, will augment HR Path's HRIS implementation and advisory services across the region.

ALTEN Group has acquired substantially all of the assets of QA Consultants, a North American software quality engineering and testing services provider. The acquisition brings QA Consultants' quality engineering, application security and performance testing capabilities into ALTEN's engineering and IT services portfolio while QA Consultants will operate as an independent subsidiary.

S.i. Systems, Canada’s largest IT staffing company, has acquired HVN Solutions, an IT consulting and digital resource firm formed from HireValues and Nucleo Digital. The acquisition (terms not disclosed) expands S.i. Systems' talent offerings and professional services/Statement of Work capabilities across North America as it integrates HVN's teams and brands.

Capital Square Partners, a Singapore-based private equity firm, has completed a growth investment in Bits In Glass, a digital transformation and hyperautomation services firm headquartered in Edmonton, Alberta. The investment will support BIG’s organic and inorganic growth, global expansion and capability enhancement; Canaccord Genuity advised Bits In Glass on the transaction.

DynTek, Inc. and rSolutions (both portfolio companies of Gallant Capital Partners) have acquired Arctiq, a cloud, DevOps and automation solution integrator. The deal is an add-on to the DynTek/rSolutions platform to expand cloud, automation and cybersecurity capabilities and the three companies will consolidate under a single brand in the coming quarter.

Compugen Inc. has signed a definitive purchase agreement to acquire Québec-based CPU Service d'ordinateur inc. and its wholly owned subsidiary C.P.U. Design Inc., collectively branded as CPU. The acquisition expands Compugen's presence and capabilities across Québec and Ontario—adding IT infrastructure, service desk, security and cloud expertise—and the CPU name will be retained as "CPU, a Compugen Group of Companies."

Calian Group Ltd. has entered into a definitive agreement to acquire 100% of Ottawa-based Decisive Group Inc. for up to CAD$74.7 million, including CAD$50.0 million in cash at closing. The acquisition expands Calian’s IT and Cyber Solutions capabilities—adding managed services, enterprise infrastructure and hybrid cloud expertise—and strengthens its footprint across Canada and select U.S. markets.

LDC-backed DSP, a UK-based database, cloud and applications managed service provider, has acquired Ottawa-headquartered Eclipsys Solutions to strengthen its Oracle Cloud services and accelerate expansion into North America. The deal is DSP's first since investment from LDC and increases the combined group's Oracle capability and geographic footprint, bringing combined revenues above £75m and a headcount of roughly 250 across the UK, Ireland and North America.

Cofomo has acquired Agilia Solutions, a Montreal-based digital solutions development and consulting firm, to strengthen its program management, architecture, Agile development and DevOps capabilities. The Agilia founders and teams will join Cofomo, consolidating expertise and expanding Cofomo's one-stop IT services offering across finance, energy and transportation sectors.

Syntax Systems, a Québec-based cloud application implementation and management specialist, announced it will acquire Montréal-based Beyond Technologies, an SAP-focused professional services firm with operations across North America, Europe and Africa. The deal — supported by Syntax's private equity partner Novacap — expands Syntax's SAP capabilities and industry-focused offerings and creates a combined team of more than 2,800 experts serving over 900 mid-market and enterprise clients.

WBM Technologies LP has acquired Carlyle Printers Service & Supplies, combining two leading managed print providers to expand service capacity and coverage in Manitoba. The deal adds a Winnipeg support location and approximately 95 Manitoba-based professionals to WBM’s regional operations, further strengthening its managed print and broader managed IT capabilities across Western Canada.

Fulcrum IT Partners has acquired Ottawa-based Stoneworks Technologies, expanding Fulcrum's geographic presence across Canada and strengthening its public sector and cybersecurity capabilities. Stoneworks will retain its brand and CEO Jody Burton will join Fulcrum's executive leadership team as the company integrates Stoneworks' relationships with the Government of Canada and its portfolio of enterprise customers.

Mangrove Equity Partners' portfolio company STCR has completed an add-on acquisition of SIR Solutions, a Montreal-based provider of retail point-of-sale and back-office technology for grocers. The transaction more than doubles STCR's organization, expands its geographic presence into Canada, and adds POS hardware, software, professional services and maintenance capabilities.

ERP Success Partners, a Canada-headquartered NetSuite-focused ERP consulting firm, has acquired the NetSuite ERP practice of Montreal-based Createch. The deal expands ERP Success Partners' presence in the Montreal/Quebec market and ensures Createch's NetSuite clients continue to receive service and support.

WBM Technologies LP has acquired Alberta-based managed print services provider PrinterWorks West, effective June 1, 2023. The deal expands WBM’s managed print support capacity and geographic coverage in Alberta while enabling PrinterWorks West’s leadership to remain in place as its founder retires.

SoftwareOne Holding AG has agreed to acquire Beniva Consulting Group Inc., a Calgary-based ServiceNow, ITOM and cloud advisory consultancy. The deal brings Beniva's team of more than 75 cloud technology experts into SoftwareOne to strengthen its ServiceNow, IT Operations Management and IT Asset Management service offerings; terms were not disclosed.

Bell has entered into and completed an agreement to acquire Montréal-based FX Innovation, a provider of multi-cloud managed and professional services and workflow automation solutions. The acquisition is intended to combine FX Innovation's cloud expertise and ServiceNow capabilities with Bell's national scale, fibre and 5G networks to expand Bell's cloud and managed services offerings for Canadian businesses.

Praecipio, a cloud-first business and technology consulting firm based in Austin, Texas, has acquired Avant Systems Group, a Winnipeg-based Atlassian Platinum Solution Partner. The acquisition expands Praecipio’s footprint into Canada and strengthens its Atlassian, enterprise agile coaching, and IT integration capabilities; financial terms were not disclosed.

Alfar Capital and Walter Capital Partners completed a transaction valued at over $100 million to acquire MSP Corp and simultaneously merge it with Groupe Access, creating a coast-to-coast Canadian managed-services platform under the MSP Corp name. The combined entity will be majority-owned by Alfar and Walter, with BDC Capital retaining a minority stake and management/employees holding more than 10%; the new platform will be led by former Groupe Access CEO Habib Malik.

Integrated Media Technologies (IMT) has acquired Toronto-based DeadDrop Labs (DDL), an AWS-focused cloud consultancy for visual effects (VFX) and animation studios. The acquisition expands IMT's cloud practice and brings a team of AWS-certified engineers and architects to support media and entertainment clients migrating from on-premise to cloud-based workflows.