Investment Summary

Desjardins Capital Exits Progitek

On May 28, 2024, Valsoft invested in software company Progitek from Desjardins Capital

Investment Highlights
  • This is Valsoft’s 22nd transaction in the Software sector.
  • This is Valsoft’s 4th transaction in Canada.
  • This is Valsoft’s 1st transaction in Quebec.

Investment Summary

Date 2024-05-28
Target Progitek
Sector Software
Investor(s) Valsoft
Sellers(s) Desjardins Capital
Deal Type Add-on Acquisition

Target

Progitek

Quebec , Quebec, Canada
Progitek develops a range of innovative software solutions for dental practitioners. Dentitek, its flagship product, allows practicing dentists to go paperless while facilitating clinic administration and boosting productivity. Progitek was founded in 1995 and is based in Quebec, Quebec .

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Investor(S) 1

Investor

Valsoft

Montreal, Quebec, Canada

Category Company
Sector Software
DESCRIPTION

Valsoft is an acquirer of vertical software businesses. Valsoft targets businesses that provide mission-critical solutions in their respective niche or market. Valsoft is based in Saint-Laurent, Quebec.


DEAL STATS #
Overall 31 of 59
Sector: Software M&A 22 of 38
Type: Add-on Acquisition M&A Deals 29 of 51
State: Quebec M&A 1 of 5
Country: Canada M&A 4 of 13
Year: 2024 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-19 Fusion Data Hub

Chicago, Illinois, United States

Fusion Data Hub is a comprehensive industrial data analytics hub that offers organizations a versatile solution for swiftly accessing a wealth of industrial operations data from diverse sources, simplifying experimentation, and in-depth analysis. The company's cloud-native Industrial Data Analytics Hub empowers users to creatively harness event and time-series data, unlocking new and impactful possibilities. The platform effectively eliminates the barriers that have previously impeded the efficient utilization of industrial data. It addresses the spectrum of Operational Technology (OT) and Internet of Things (IoT) data across expansive enterprise environments, encompassing multiple sites and systems, all at a massive scale. Fusion Data Hub is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-22 Asher Group

Rochester, New York, United States

Asher Group is a provider of massively scalable communications for emergency management agencies and cutting-edge human resources solutions. Asher Group was formed in 1995 and is headquartered in Rochester, New York.

Buy -

Seller(S) 1

DESCRIPTION

Desjardins?Capital is the private equity and venture capital arm of Desjardins?Group focused on providing growth and venture financing to small and medium-sized enterprises and cooperatives in Quebec. The Firm offers both equity investments and unsecured loans ranging up to?$50?million. Funds are typically used to support businesses at the startup, expansion, acquisition, modernization, or transition phases. Desjardins?Capital was formed in 1974 and is based in Montreal, Quebec.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Quebec M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-30 Liberty Spring

Montmagny, Quebec, Canada

Liberty Spring is a precision spring manufacturer offering services to the automobile and recreational product industries. Liberty Spring is a Canadian company established in 1986 with its headquarters in Montmagny, Quebec.

Buy -