M&A Deal Summary

Cortex Business Solutions Acquires Powervision Software

On September 28, 2018, Cortex Business Solutions acquired software company Powervision Software for 7M USD

Acquisition Highlights
  • This is Cortex Business Solutions’ 1st transaction in the Software sector.
  • This is Cortex Business Solutions’ largest (disclosed) transaction.
  • This is Cortex Business Solutions’ 1st transaction in Canada.
  • This is Cortex Business Solutions’ 1st transaction in Alberta.

M&A Deal Summary
Date 2018-09-28
Target Powervision Software
Sector Software
Buyer(s) Cortex Business Solutions
Deal Type Add-on Acquisition
Deal Value 7M USD

Target

Powervision Software

Calgary, Alberta, Canada
website
Powervision Software, Inc. is a privately-owned corporation specializing in the development electronic document management and workflow management software. Powervision’s client base crosses multiple verticals of business from finance to oil and gas throughout Canada.

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Buyer(S) 1

Buyer

Cortex Business Solutions

Calgary, Alberta, Canada

website

Category Company
Founded 1999
Sector Information Technology
Employees63
Revenue 11M CAD (2017)
DESCRIPTION

Cortex Business Solutions, Inc. is a network-as-a-service that enables electronic invoicing. Cortex Business Solutions was founded in 1999 and is based in Calgary, Alberta.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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