Software Acquisitions in Canada

Volaris Automotive, the automotive-focused operating group of Volaris Group, has acquired TSI Auto Solutions from NCM Associates. TSI Auto Solutions, a Moncton-based provider of enterprise reporting and performance-analysis software for automotive OEMs and dealerships, will join Volaris Automotive as an add-on to expand the group's automotive software capabilities.

Qvantel Oy completed its acquisition of Optiva Inc. via a statutory plan of arrangement, acquiring all issued and outstanding common shares of Optiva. The transaction paid Optiva shareholders C$0.25 per common share, cancelled Optiva's US$108.6 million PIK notes with consideration to noteholders (including purchaser shares, purchaser-issued senior secured notes and warrants), and will result in Optiva being dissolved and delisted from the Toronto Stock Exchange. The combined company expands Qvantel's telecom monetization and digital operations portfolio and supports more than 70 operators with a global workforce exceeding 1,000 professionals.

Prometheus Group has acquired Actenum Corporation to integrate Actenum’s AI-powered Decision Support and Optimization scheduling technology into Prometheus’s enterprise asset management platform. The acquisition, which adds advanced AI scheduling and scenario-planning capabilities for asset-intensive industries, is intended to expand Prometheus’s operational AI capabilities across oil & gas, utilities, mining, and manufacturing; financial terms were not disclosed.

Univerus Media Inc., a subsidiary of Univerus Software, acquired Capital Networks Limited, a Toronto-based digital signage software company. The transaction closed on December 10, 2025 and expands Univerus's digital signage and media-content capabilities across hospitality, healthcare, education and corporate markets.

Banyan Software has acquired Octopus ITSM, a Montreal-based provider of cloud-based ITSM and CMMS software. Octopus, founded in 2010, serves primarily healthcare and education customers across Canada and France and supports more than 250,000 users; Banyan says it will support the company's growth while preserving founder leadership.

Genius Solutions, the Québec City–based maker of Genius ERP, has acquired CDID, developer of the Prextra ERP platform. The undisclosed deal adds approximately 100 CDID employees, expands Genius's product portfolio into distribution, project management and services, and accelerates its AI-driven ERP development while growing headcount to over 225.

Northrim Horizon, a Mesa, Arizona-based permanent capital investment firm, made a strategic growth investment in Solutions360 USA, Inc., a Newmarket, Ontario-based provider of ERP/PSA software for systems integrators. The capital will fund accelerated AI and automation development, new platform modules, and expanded partner integrations; Solutions360 also appointed Nate Gardner as CEO while founder Brad Dempsey remains CTO.

Funds advised by Permira have made a strategic minority growth investment in Versaterm, a Banneker Partners portfolio company that provides public safety software. The investment will fund product and technology development, accelerate market expansion, and support Versaterm's AI-driven roadmap and M&A strategy.

Computer Modelling Group Ltd. (CMG) has acquired SeisWare International Inc., a Calgary- and Houston-based geoscience software company, for an estimated US$6.6 million. SeisWare — which reported approximately US$3.4 million of recurring revenue in the 12 months ended March 31, 2025 and has a team of over 40 employees — will join CMG's seismic solutions group as a platform to expand CMG's seismic interpretation capabilities.

Suno, a Cambridge, Massachusetts-based music technology company, has acquired WavTool, an AI-accelerated browser-based digital audio workstation (DAW). The acquisition brings WavTool's editing technology and core team into Suno to expand its professional-grade music production and editing capabilities for songwriters and producers.

Crisp, the Bentonville-based retail data and collaborative commerce platform, has acquired Cantactix, a retail category management and planogram automation solutions provider. The acquisition brings Cantactix’s space-planning software and consulting capabilities into Crisp’s platform to deliver end-to-end shelf and floor space optimization for CPG manufacturers and retailers; terms were not disclosed.

Volaris Group has acquired 4Site, an Enterprise Asset Management (EAM) software provider headquartered in Thunder Bay, Ontario. 4Site will join the AssetWorks Appraisal – Asset Management business unit (part of the AssetWorks platform within Volaris), and the company's prior owner Rohit Diesh will remain on as a consultant.

Print ePS, the print operating unit of eProductivity Software, has acquired Canadian print MIS provider Avanti Systems from Ricoh. The acquisition (completed 2 June) brings Avanti's workflow automation and cloud-based MIS capabilities and its ~45 employees into Print ePS to strengthen its midmarket print offering and expand its global technology portfolio.

Rentsync, a Toronto-based software and data company serving Canada’s rental housing industry, has raised a significant growth investment led by Boston-based growth equity firm Silversmith Capital Partners. The capital will fund technology investment, team expansion, and strategic acquisitions; Silversmith is joining the company's board through senior advisors and partners to support scaling.

Valsoft Corporation Inc. has acquired UnionWare and MemberTrak, two North American providers of union and association management software. The acquisitions expand Valsoft's vertical-market software portfolio and aim to preserve existing teams and client continuity while accelerating product innovation and operational support.

Perforce Software has acquired Snowtrack (now P4 One), an intuitive version control client aimed at artists and designers, to extend Perforce’s P4 Platform and bridge collaboration between technical and creative teams. P4 One is available in closed beta with a full global launch planned for later in 2025, and the acquisition strengthens Perforce’s offerings for game development, media & entertainment, and other creative industries.

Gulmohar Capital Partners LP has acquired CurrentWare, a provider of employee productivity, monitoring and insider threat detection software. GC Partners will appoint David Leal as CEO and plans to support CurrentWare's growth and product innovation while the company's founder and majority shareholder Neel Lukka transitions following the transaction.

Remsoft secured a strategic investment from private equity firm Banneker Partners to accelerate its Forest Intelligence platform and pursue strategic acquisitions. As the first step under the partnership, Remsoft acquired Lim Geomatics, adding geospatial intelligence, LiDAR, and forest machine telematics capabilities to its cloud-enabled forestry planning and operations platform.

Adventure Box Technology AB completed the acquisition of all shares in Lion Gaming Group Inc. for approximately SEK 467 million, settled via issuance of consideration shares at SEK 0.40 per share. The transaction makes Lion shareholders the majority owners (≈94.88%), and strengthens Adventure Box's technology capabilities and global footprint in the iGaming sector.

Quadshift raised up to $23 million of growth equity in an all-primary, all-equity round led by BDC Growth Equity Partners with participation from Celtic House Venture Partners and other minority investors. The funding will accelerate Quadshift's acquisitive strategy to buy vertically focused B2B software businesses and expand its platform capabilities using AI-enabled deal sourcing and shared operational resources.

FCT, a leading Canadian title insurance and real estate technology provider, has made a majority investment in Fintracker Inc., a Canadian digital identity verification and KYC/AML compliance provider for real estate transactions. The partnership will integrate Fintracker's identity verification technology into FCT's services to streamline home-buying workflows, enhance data security, and improve regulatory compliance across the Canadian real estate ecosystem.

French private equity firm Naxicap Partners has acquired VuWall, a Montreal-based provider of video wall control and visualization solutions. The deal aligns VuWall with Naxicap’s existing portfolio companies Guntermann & Drunck (G&D) and Tritec Electronic to drive product and go-to-market synergies across control-room hardware and software; AQ Technology Partners served as VuWall’s exclusive financial advisor.

Banyan Software has acquired youRhere Inc., a Calgary-based provider of customizable interactive digital information hubs that combine hardware and software for building directories and signage. The deal brings youRhere into Banyan's permanent-capital software platform to support growth, preserve the company's legacy, and expand its market impact across Canada and internationally.

ThoughtExchange has acquired Sparrow Connected, integrating Sparrow’s AI-powered omnichannel employee communications platform into ThoughtExchange’s engagement and survey SaaS. The deal expands ThoughtExchange’s capabilities—combining engagement insights with multi-channel communications—to better serve K-12, enterprise, and public sector customers.

KeyMark, a South Carolina-based intelligent automation provider and value-added reseller, acquired FileHold Systems Inc., a developer of enterprise-grade document and records management software, effective December 31, 2024. The acquisition brings FileHold's product, IP and customer base into KeyMark's portfolio to close a product gap and expand KeyMark’s document management and automation capabilities.

Valsoft Corporation has acquired Exeevo, a Montreal-based provider of AI-powered CRM software for the life sciences industry. Valsoft said it will support Exeevo’s growth while preserving the existing leadership team as it expands its presence in the life sciences software market.

Volunteer management software provider Better Impact has been acquired by investment firm The Brydon Group. The deal brings software executives Houston Goodwin and Timothy Sarazen into leadership alongside founders Tony Goodrow and Dan Plaskon to accelerate product innovation and expand the company's global reach.

DealBuilder and Deal Studio announced a merger to combine DealBuilder's AI capabilities with Deal Studio's 20+ years of broker software experience, creating an integrated CRM and deal-management platform for business brokers. The combined platform will offer expanded CRM, marketing, deal-management and AI-powered features aimed at improving broker efficiency.

Lynx Software Technologies has acquired Core Avionics & Industrial (CoreAVI), a provider of safety-critical GPU graphics and compute software for avionics, defense, automotive and industrial markets. The acquisition expands Lynx’s mission-critical edge software portfolio with certified GPU-enabled graphics and AI/compute capabilities to address safety- and security-critical systems.

Irth Solutions LLC, a Blackstone portfolio company, has completed the acquisition of OneSoft Solutions Inc. through its subsidiary irth Acquisition Corp., purchasing all outstanding shares for CAD $0.88 per share (approx. CDN $113.4 million total equity value). OneSoft — developer of the OneBridge Cognitive Integrity Management SaaS platform for energy infrastructure operators — will be delisted from the TSXV and integrated into Irth's asset integrity and infrastructure software offerings.

JDM Technology Group has acquired Degama Systems, a Toronto-based provider of cloud-based ERP and trucking management software, from Streamline Transportation Technologies and Tom Greenwood. The acquisition, which closed October 15, 2024, expands JDM's ERP portfolio and its capabilities serving mid-size and large trucking firms across Canada and the United States.

Epicor Software Corporation has acquired Solenium Group Inc. and its sister company Visual SKUs Inc., long-standing Epicor partners and providers of Product Information Management (PIM) and Digital Asset Management (DAM) solutions for the Automotive Aftermarket. The dual acquisition strengthens Epicor's catalog and e-commerce offerings for the automotive aftermarket; financial terms were not disclosed, and Schwartz Advisors served as exclusive sell-side advisor to Solenium Group.

KORT Payments, a Toronto-based omnichannel payments platform, has acquired Canadian POS software provider Barnet Technologies to integrate payment processing into Barnet's point-of-sale systems. The deal aims to scale Barnet's technology, create recurring revenue streams and expand KORT's capabilities in regulated verticals such as licensed liquor and cannabis retail.

IFS has completed its CAN$1 billion acquisition of Copperleaf Technologies Inc., buying all outstanding shares for CAN$12.00 each following regulatory and shareholder approvals. The deal brings Copperleaf’s decision-analytics and capital investment planning capabilities into IFS’s Industrial AI and enterprise cloud portfolio to expand asset-management and capital-planning offerings for asset-heavy industries.

Vertus Group, a division of Jonas Software, has acquired B4Checkin, a Halifax-based provider of cloud-based hospitality tools including a secure payments platform (TransForm) and a booking engine (GettaRoom). The acquisition expands Vertus Group's hospitality vertical and brings payments and booking capabilities into its portfolio to drive product integration and growth.

Petrosys, a Carina Software company and division of Vela Software/Constellation Software, has acquired Calgary-based Talus Technologies, the developer of the Exploration Archives seismic data management solution. The acquisition adds Talus’s seismic and subsurface data management capabilities to Petrosys’s suite of geoscience and data management products to better serve energy exploration customers.

Command Alkon has acquired Marcotte Systems, integrating Marcotte's plant automation and AI-driven concrete production software into Command Alkon's Command Cloud platform. The acquisition brings Marcotte's employees and product portfolio into Command Alkon to accelerate development of cloud, AI and plant automation capabilities for the heavy building materials industry.

Kaleris has acquired CAMS Software to integrate CAMS' Prospero Transportation Management System with Kaleris' Yard Management System, creating an enterprise yard and transportation management suite targeted at grocery retailers, wholesalers and distribution centers. The deal expands Kaleris' capabilities in transportation planning, dispatch and compliance and supports growth into grocery, food & beverage and retail verticals; CAMS was represented by Aqua Mergers & Acquisitions.

NexPhase Capital has made an investment in Insurance Systems Inc. (ISI), a Toronto-based provider of enterprise policy administration software for the property & casualty insurance market. The capital will support ISI's growth in existing and adjacent markets, product enhancements for integrations, faster implementations and improved analytics; ISI's CEO Casey Kretz will remain in place.

OneRail has acquired Vancouver-based Orderbot to integrate inventory and distributed order management with its OmniPoint last-mile delivery platform. The acquisition creates an end-to-end omnichannel fulfillment solution designed to reduce fulfillment costs, improve order accuracy and enhance customer experience for retailers and distributors.

Montréal-based Valsoft Corporation has acquired Québec City–based dental practice management software company Progitek (Dentitek) for an undisclosed amount. Progitek will continue to be led by founder Éric Vézina and will work with Valsoft's operating arm, Aspire Software, to strengthen its market presence, modernize its Dentitek software and develop new products.

FileCloud, together with lead investor Savant Growth, acquired Signority, a Kanata, Ontario-based e-signature and document workflow platform. The acquisition adds e-signature and advanced document workflow capabilities to FileCloud's portfolio and establishes a stronger presence in Canada; financial terms were not disclosed.

Battery Ventures has completed a take-private acquisition of Canadian field-service workflow software company TrueContext (formerly ProntoForms) for C$150 million (C$1.07 per share), resulting in TrueContext's delisting from the TSX Venture Exchange. TrueContext, headquartered in Kanata/Ottawa, provides a mobile SaaS platform for field data collection and workflow automation used by enterprise customers across healthcare, oil & gas, and industrial equipment markets; Battery intends to accelerate product development and scale the business organically and via targeted acquisitions.

Rocket Software has completed the acquisition of OpenText's Application Modernization and Connectivity (AMC) business for $2.275 billion. The deal — a divestiture from OpenText — adds 770+ engineers and go-to-market staff, increases Rocket's revenue by over 60%, and expands its customer base to 12,500+ companies and 750+ partners worldwide.

OV Loop, Inc. has acquired Cultos.io, a Web3 rewards application, to integrate loyalty and engagement capabilities into its cross-platform tap & pay wallet and super-app. The acquisition brings Cultos' Web3 rewards technology and team into OV Loop while allowing Dubai-based Cultos Global (a licensee) to continue servicing customers in the Middle East and Asia.

Ross Video announced it has acquired Bannister Lake Software to expand its XPression graphics solution set. The acquisition adds Bannister Lake’s real-time data integration, automation and HTML5 graphics technologies (including the Chameleon product) to Ross’s portfolio to deepen broadcast and cloud-based graphics capabilities.

NeuroStreet, an Ottawa-based fintech and trading education platform, has acquired TickBlaze, a hybrid trading platform for discretionary and quantitative traders. The acquisition brings TickBlaze's technology and founder Daniel Tochner (now CTO) into NeuroStreet to accelerate product capability and deliver integrated trading technology and educational solutions to retail and institutional traders.

ChowNow, a Los Angeles–based online ordering and marketing platform for independent restaurants, has acquired Cuboh, a Canadian startup that consolidates orders from multiple delivery services and integrates directly with POS systems. The acquisition will let ChowNow integrate Cuboh's order-consolidation technology (now integrated into 14 POS systems) into its suite of products to simplify off-premise operations for restaurant partners.

General Atlantic has acquired Plusgrade, a Montreal-based provider of ancillary revenue and upsell software for the travel industry, from private equity firm Novacap. The investment marks Novacap’s exit and brings in growth capital and strategic support from General Atlantic to accelerate Plusgrade’s product and market expansion across airlines, hospitality, cruise and rail travel segments.

Aptean, a global provider of industry-specific enterprise software, has acquired Momentis, a Montreal-based provider of purpose-built software for the fashion, apparel, footwear and accessories industries. The acquisition adds Momentis' cloud-based product lifecycle, order, sourcing, warehouse and financial management capabilities to Aptean's apparel offerings and expands Aptean's footprint in the fashion and apparel supply chain.