Define Capital fuels up for more niche software acquisitions with $28-million debt facility from Scotiabank
Toronto private equity fund warms up to the idea of buying corporate spinoffs and venture-backed startups.
Acquisitions
Tenstorrent acquires Blue Cheetah to bring more chip design in-house
AI chipmaker had been licensing Blue Cheetah’s technology since last year.
VitalHub acquires referral platform Novari Health in deal worth up to $48.6 million
VitalHub said the referral management market is a “a key area of investment” for governments around the world.
HR platform Workleap adding compensation management features through acquisition of Barley
Talent management software is also preparing to launch Workleap AI tool within the next week.
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Nvidia acquires Canadian AI efficiency startup CentML
Nvidia rival AMD also acquired Canadian AI firm Untether earlier this month.
Clio to acquire Spanish-American legaltech vLex for $1 billion USD
vLex offers an extensive legal and regulatory database alongside an AI-powered assistant.
$100-million credit facility from La Caisse helps AppDirect make second energy brokerage acquisition this year
Canadian-founded software firm buys Québec-based DNE Resources following purchase of Broker Online Exchange.
Nicoya acquires UK’s Applied Photophysics to expand its drug development capabilities and global reach
The deal triples Nicoya’s customer base to nearly 3,000 and gives it a new European hub.
American chip giant AMD to acquire Untether AI team
AI inference chipmaker to cease supporting its products and shut down.
As aging entrepreneurs retire, BDC and FNBC announce $100 million to help Indigenous groups buy their businesses
FNBC and BDC want to help Indigenous communities buy established Canadian firms, aid “economic reconciliation.”
AppDirect eyes rising energy demand with acquisition of Broker Online Exchange
Canadian-founded software services giant continues acquisition spree with gas, electricity brokerage platform.
Rival Technologies’ parent company and Angus Reid Group to join forces in Canadian market research merger
Rival Group claims Reid family reunion will form “the largest Canadian-owned independent market research firm.”
“No plans are set” but Robinhood expects to “develop [its] offering” in Canada post-WonderFi acquisition
Robinhood Crypto SVP says US trading platform’s immediate focus in Canada is on crypto.
Robinhood to buy WonderFi for $250 million CAD as US trading platform targets Canadian expansion
WonderFi to “accelerate Robinhood’s mission” north of the border.