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  6. Drop Technologies Acquires Canopy Labs Software

M&A Deal Summary

Drop Technologies Acquires Canopy Labs Software

On November 15, 2018, Drop Technologies acquired software company Canopy Labs Software

Acquisition Highlights
  • This is Drop Technologies’ 1st transaction in the Software sector.
  • This is Drop Technologies’ 1st transaction in Canada.
  • This is Drop Technologies’ 1st transaction in Ontario.

M&A Deal Summary
Date 2018-11-15
Target Canopy Labs Software
Sector Software
Buyer(s) Drop Technologies
Deal Type Add-on Acquisition

Target

Canopy Labs Software

Toronto, Ontario, Canada
Canopy Labs Software, Inc. is a predictive analytics software company. Canopy Labs helps businesses track, optimize, and personalize their customer journeys. Canopy Labs Software, Inc. was founded in 2012 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

Drop Technologies

Toronto, Ontario, Canada
Category Company
Sector Internet Software and Services
DESCRIPTION

Drop Technologies is a personalized rewards program focused on bringing value to its members by making their every day more rewarding. Drop enables the consumer to earn rewards easily by simply spending with the debit and credit cards they link to the app, eliminating the need to scan receipts, enter promo codes or sign up for additional loyalty programs. Drop Technologies is based in Toronto, Ontario.

DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2018 M&A 1 of 1
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