M&A Deal Summary

INVIVO Communications Acquires Spongelab Interactive

On September 7, 2017, INVIVO Communications acquired information technology company Spongelab Interactive

Acquisition Highlights
  • This is INVIVO Communications’ 1st transaction in the Information Technology sector.
  • This is INVIVO Communications’ 1st transaction in Canada.
  • This is INVIVO Communications’ 1st transaction in Ontario.

M&A Deal Summary

Date 2017-09-07
Target Spongelab Interactive
Sector Information Technology
Buyer(s) INVIVO Communications
Deal Type Merger

Target

Spongelab Interactive

Toronto, Ontario, Canada
Spongelab Interactive engages in advancing the integration of cutting edge technologies for teaching and learning purposes. Their mission is to educate students in the sciences by building content-rich immersive teaching tools designed around discovery-based learning that are accessible to educators and learners at school, at home and in the general public. Spongelab Interactive builds their own products and offers custom production services for the global education community. Their unique approach around integrating educational design with advance web & gaming technology is planting the seeds for continued innovation of advanced communication and education products. Spongelab is based in Toronto, Ontario, Canada.

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Buyer(S) 1

Buyer

INVIVO Communications

Toronto, Ontario, Canada

Category Company
Founded 1998
Sector Digital Media
DESCRIPTION

INVIVO Communications, Inc. is a digital healthcare agency. Company develop targeted interactive programs for global pharmaceutical and medical device organizations and their affiliated advertising and PR agencies. INVIVO has pioneered the integration of technology and visualization into communication solutions, garnering over 115 global industry awards and counting. INVIVO has achieved this through its cultural commitment to excellence, creativity and innovation.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2017 M&A 1 of 1