Software and Technology Monthly Newsletter
In This Edition:
May 2025 Highlights
Public Market Dashboard
The Whitehorn Matrix
Financing
Mergers and Acquisitions
May 2025 Highlights
May 2 - Apple to source over 19 billion chips from the U.S. in 2025 as part of plans to diversify global supply chain.
May 5 - Montreal based cryptocurrency company Shakepay becomes a Payments Canada member, the first crypto-native business to be granted membership.
May 7 - OpenText to cut 1,600 jobs as part of new AI-first approach..
May 19 - Shopify joins the NASDAQ 100 index, replacing MongoDB.
May 27 - Telus to spend $70B over next five years to build AI data centres and enhance network. Bell concurrently announces plans to build six data centres in BC.
Public Market Dashboard - Year-to-Date Returns
The Whitehorn Matrix
Check out our Matrix for the latest and greatest in tech:
Financing
Below we summarized a few recent tech financing transactions:
Mergers and Acquisitions
Application Software:
May 5 – Calgary based Omnira Software acquires UK based Adept Solutions. Acquisition of comprehensive production accounting solutions software provider for the oil and gas industry by subsidiary of Constellation Software to expand offerings.
May 14 – Calian Group (TSX:CGY) acquires Yellowknife based Advanced Medical Solutions. Acquisition of remote and emergency healthcare services provider in northern Canada with over 300 personnel to complement expertise and offerings.
May 26 – Toronto based Volaris Group acquires French company PC Soft. Acquisition of provider of software development tools used to create computer programs, web applications and mobile apps to expand presence in the developers platforms market.
May 28 – Toronto based Arcadea Group acquires Brazilian company Intuitive Care. Acquisition of revenue cycle management provider for the healthcare industry that streamlines billing, collections and revenue optimization.
IT Consulting & Services:
May 1 – Tecsys (TSX:TCS) acquires Toronto based Pivotree. Acquisition of digital commerce, data management and supply chain solutions provider serving retailers and manufacturers to enhance support coverage and to meet growing customer base requirements.
May 2 – Bloomfield, NJ based SGS acquires Calgary based Streamline Control. Acquisition of North American provider of industrial control systems and operational technology services serving the renewable energy, utility, oil and gas, and manufacturing sectors to strengthen North American industrial capabilities.
May 5 – Montreal based Levio acquires Ottawa based Systemscope. Acquisition of consulting firm specializing in digital transformation, user experience, service design and change management to complement expertise.
May 8 – Montreal based Snowdon Partners acquires Toronto based Nuvollo. Investment in cybersecurity and cloud service partner offering end-to-end managed IT services to North American small to medium sized enterprises.
May 23 – Onalaska, WS based Innovia Consulting acquires Sudbury, ON based Lloyd Business IT Solutions. Acquisition of Microsoft Dynamics services provider to strengthen Dynamics ecosystem and enhance service ability.
Data Processing & Outsourced Services:
May 1 – Montreal based CM Labs Simulations acquires Montreal based AI Redefined. Acquisition of engineering quality simulations provider to create real-world training experiences to enhance workforce development and further tech offerings.
May 15 – Singapore based Capillary Technologies acquires Waterloo based Kognitiv. Acquisition of omnichannel loyalty solutions provider to enhance capabilities in data-driven personalisation and customer lifecycle management.
May 15 – Ottawa based The Conference Board of Canada acquires Brampton based Vicinity Jobs. Acquisition of real-time big data labour market information provider to enhance research products with targeted labour insights.
Systems Software:
May 13 – Toronto based Banyan Software acquires Orlando based Coded. Acquisition of property management solutions provider for the corporate housing and serviced apartment industry.
May 26 – KPMG Canada acquires Victoria based LlamaZOO Interactive. Acquisition of proprietary tech platform and family of software products provider that facilitate contextual experiences with complex data sets within 2D and 3D digital twins.
Internet Services & Infrastructure:
May 1 – Montreal based Cofomo acquires Ottawa based Eperformance. Acquisition of enterprise-grade digital solutions and related services provider to public sector organizations to strengthen capacity and to reinforce Microsoft practice.
May 5 – Toronto based Vencora acquires Australian company Data Action. Acquisition of core and digital banking solutions and technology services provider by subsidiary of Volaris Group to expand Australian presence.
May 13 – Robinhood (NASDAQ:HOOD) acquires WonderFi (TSX:WNDR). $250MM cash acquisition of cryptocurrency trading platform operator including Bitbuy and Coinsquare with over $2.1B assets under custody to strengthen North American market presence.
May 14 – Montreal based Otodata acquires Irish company Dunraven Systems’ Delta software platform. Acquisition of advanced monitoring solutions software platform with expertise in telemetry and remote monitoring to enhance automated solutions offering.
May 30 – TELUS Health acquires Raleigh, NC based Workplace Options. $425MM acquisition of independent provider of digital wellbeing solutions from WindRose Investors to strengthen customer reach and digital capabilities.
