Software Acquisitions in Canada

Horizon Blockchain Games has rebranded and will now operate solely under the name Sequence. Alongside the rebrand, Sequence announced the strategic acquisition of Light, a pioneer in chain abstraction technologies, to strengthen its web3 development platform and simplify cross-chain development across the EVM ecosystem.

DealBuilder announced a merger with Deal Studio to form an integrated CRM and deal management platform for business brokers. The combined offering will blend DealBuilder’s AI capabilities with Deal Studio’s long-standing broker software tools and continue under the Deal Studio platform brand.

MDpanel acquired Burkitt Computer Corporation (BCC), a Canadian provider of IME case and claims management software best known for its W5 platform. The acquisition is intended to enhance MDpanel’s technology stack, expand geographic reach, and support a broader marketplace for IME and medical opinion companies.

StoreForce, a specialty retail operations software provider backed by Accel-KKR, announced the acquisition of ThinkTime, a retail execution solution provider. The deal expands StoreForce’s suite with ThinkTime’s task management, ticketing, communications, and mobile capabilities to improve store productivity and employee engagement for retailers.

Practice Better acquired That Clean Life, a Toronto-based nutrition planning software provider for health and wellness professionals. The deal expands Practice Better’s all-in-one practice management platform by adding integrated nutrition planning and healthy eating workflows for practitioners and their clients.

JDM Technology Group acquired Mobile-Punch, a Lévis, Quebec-based mobile timesheet, scheduling, and project management application. The deal closed on June 30 following approval from owners Jérôme Guay and Bryan Porter, who will remain in leadership roles as President and Vice President, respectively.

GeoComply Solutions Inc. has acquired OneComply Inc., a licensing and compliance management platform serving companies in highly regulated markets such as gaming and fintech. The combination expands GeoComply’s compliance and risk offerings by adding OneComply’s centralized licensing automation and ongoing compliance management capabilities. Financial terms were not disclosed.

Studio Designer acquired Toronto-based DesignDocs, a provider of project financial management and accounting software for interior designers. The combination is intended to expand scale across support, professional services, and product development, strengthening the software platform serving interior design firms.

MadCap Software, backed by Battery Ventures, acquired IXIASOFT to expand its product offerings with an enterprise-class DITA component content management system (CCMS). IXIASOFT becomes a wholly owned subsidiary, strengthening MadCap’s ability to provide end-to-end solutions for developing, delivering, and managing structured technical content for enterprise customers.

Resurgens Technology Partners made a platform investment in i-Sight, a provider of investigative case management software for HR, compliance, and corporate security functions. The transaction terms were not disclosed, and i-Sight announced David McNeill as its new CEO as part of the investment.

Harris, through one of its subsidiaries, acquired Groupe PG (PG SCF), a provider of integrated management software for the forest and pulp and paper industries, as well as recycling facilities and quarries/sand pits. Groupe PG is well-established in Québec and also operates in Ontario, Maine, and Finland. The deal expands Harris’s vertical market software portfolio within forestry-related industries.

Rocscience Inc. acquired Vancouver-based geotechnical software provider NovoTech Software. The deal expands Rocscience’s geotechnical software capabilities and global footprint, with NovoTech continuing to operate under its own name while operations are streamlined. As part of the arrangement, NovoTech CTO Alireza Afkhami will join Rocscience to lead its Web Applications Development team.

PDFTron Systems Inc. announced a strategic growth investment from private equity firm Thoma Bravo to accelerate innovation and expand its document processing technology platform. Existing investors Silversmith Capital Partners and the PDFTron management team will remain significant shareholders. The transaction is expected to close by the end of May 2021, subject to customary conditions.

WELL Health Technologies Corp. has entered into a share purchase agreement to acquire 100% of Intrahealth Systems Limited for approximately $19.25 million in cash, WELL shares, a holdback, and a potential earn-out. Intrahealth provides enterprise electronic medical record (EMR) and clinical healthcare software with customers across Canada, Australia, and New Zealand, and the deal is intended to expand WELL’s EMR offerings and international footprint.

StoneCalibre completed the sale of its portfolio company XMedius Solutions to Canada-based OpenText. XMedius provides secure enterprise communications solutions, including on-premise and cloud communications offerings for regulated and sensitive data exchange.

Thoma Bravo, LLC has completed the acquisition of Autodata Solutions Group, a provider of automotive data and software/SaaS solutions. Financial terms were not disclosed, and RBC Capital Markets and KKR Capital Markets LLC provided financing for the transaction.

Rubicon Technology Partners announced it has completed the sale of Aucerna to Thoma Bravo. Aucerna provides software solutions for integrated planning, execution, and reserves management for oil and gas organizations; financial terms were not disclosed.

Comvest Partners’ portfolio company Engage2Excel Group of Companies (E2E Group) added Rideau, Inc., a global employee recognition solutions provider, to strengthen its career experience platform. Rideau, headquartered in Montreal, provides an integrated recognition platform and analytics capabilities aimed at improving employee engagement and retention.

Cansel Survey Equipment Inc. acquired Dowco Technology Services (DTS), the software reseller business of Dowco Group of Companies. DTS resells construction technology software solutions for contractors, architects, engineers, and other construction professionals. Madison Street Capital served as exclusive advisor to Dowco on the divestiture.