IT Services Acquisitions in Canada

Compugen Inc. signed a definitive purchase agreement to acquire Québec-based IT solution provider CPU Service d'ordinateur inc. and its wholly owned subsidiary C.P.U. Design Inc. (collectively, CPU). The deal expands Compugen’s capabilities and go-to-market offerings across infrastructure, service desk, security, and cloud, and CPU will operate under the retained brand as “CPU, a Compugen Group of Companies.”

Syntax Systems announced plans to acquire Montréal-based Beyond Technologies and its subsidiaries. The combination will expand Syntax’s global SAP integration and cloud application implementation capabilities, creating a combined team of more than 2,800 experts serving over 900 clients worldwide. The transaction is expected to close later this quarter, subject to customary conditions and regulatory approvals; terms were not disclosed.

SoftwareOne Holding AG has agreed to acquire Beniva Consulting Group Inc., a Calgary-based consultancy specializing in ServiceNow advisory, IT operations management (ITOM), and related cloud and application services. The deal is intended to strengthen SoftwareOne’s software and cloud services portfolio, adding deeper process automation and service management capabilities to its existing IT asset management offerings. Financial terms were not disclosed.

Bell entered into an agreement to acquire FX Innovation, a Montréal, Québec-based provider of cloud-focused managed and professional services and workflow automation solutions. The deal is intended to accelerate digital transformation for Canadian businesses by combining FX Innovation’s multi-cloud and ServiceNow expertise with Bell’s national scale and network assets. FX Innovation is expected to continue operating independently under CEO and co-founder Guillaume Bazinet following close, subject to regulatory approvals.

Thoughtworks (NASDAQ: TWKS) announced it has acquired Connected, a privately held Canadian end-to-end product development consultancy. The deal expands Thoughtworks’ customer experience, product and design (CXPD) capabilities and strengthens its presence in Canada, particularly in Toronto. Financial terms were not disclosed.

Valtech, a global business transformation agency, has acquired Absolunet, a Montreal-based professional services firm focused on commerce and digital transformations. The deal adds roughly 300 Absolunet experts to Valtech’s global team and strengthens Valtech’s capabilities across commerce platforms and integrated digital experiences. 7 Mile Advisors served as exclusive sell-side advisor to Absolunet.

24-7 Intouch acquired Goodbay Technologies, a provider of digital business process outsourcing (BPO) services in the customer care industry. Goodbay Technologies will become a wholly owned subsidiary while continuing to operate independently, expanding 24-7 Intouch’s global digital customer service capabilities and footprint.

Alithya Group Inc. reached a definitive agreement to acquire R3D Conseil, a Quebec-based digital solutions firm, for an evaluated purchase price of C$76.0 million (excluding assumed debt) paid primarily in Alithya shares. The transaction also includes 10-year commercial agreements with Québecor and Beneva (via La Capitale), R3D Conseil’s indirect principal shareholders, with annual minimum volume commitments totaling approximately C$600 million in combined revenues.

Quisitive Technology Solutions, Inc. agreed to acquire all issued and outstanding shares of Corporate Renaissance Group Inc. (CRG), a Microsoft technology and consulting provider headquartered in Ottawa, Ontario. The transaction was facilitated by IT ExchangeNet (ITX) and is intended to expand Quisitive’s North American footprint and enhance its Microsoft Dynamics 365, Azure, and Office 365 service capabilities.

QA Labs Inc., a Vancouver-based software testing and quality assurance services provider, was acquired by US Technology Resources LLC (USTRI). Financial terms were not disclosed, and 7 Mile Advisors served as sell-side advisor to QA Labs. The deal expands USTRI’s capabilities in dedicated QA/testing services and its North American and global delivery footprint.

CGI Group Inc. acquired technology services consultant Netplex Retail Group, along with electronic solutions provider Myriap, for approximately C$9.7 million. CGI expects Netplex to strengthen its retail-sector capabilities, and several Netplex executives will join CGI in leadership roles.