M&A Deal Summary

League Data Acquires Technicost

On January 9, 2024, League Data acquired information technology company Technicost from Co-Operators General Insurance

Acquisition Highlights
  • This is League Data’s 1st transaction in the Information Technology sector.
  • This is League Data’s 1st transaction in Canada.
  • This is League Data’s 1st transaction in Quebec.

M&A Deal Summary
Date 2024-01-09
Target Technicost
Sector Information Technology
Buyer(s) League Data
Sellers(s) Co-Operators General Insurance
Deal Type Divestiture

Target

Technicost

Laval, Quebec, Canada
Technicost is a technology company that offers unmatched service, unprecedented support, and innovative software solutions. It provides credit software to more than 40 Canadian financial institutions and cooperatives across Canada - including the core TechLOS loan origination system (LOS) solutions – in use at credit unions across the country. Technicost was formed in 1982 and is based in Laval, Quebec.

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Buyer(S) 1

Buyer

League Data

Bedford, Nova Scotia, Canada
Category Company
Sector Information Technology
DESCRIPTION

League Data provides technology leadership in the area of banking solutions, aligned with regional and national credit union system initiatives that support member growth and system efficiencies. It provides over 50 seamless, fully integrated technology solutions from key vendors to deliver a member-first experience while meeting credit unions' and their members' evolving banking needs. League Data is based in Bedford, Nova Scotia.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

Co-Operators General Insurance

Guelph,, Ontario, Canada
Category Company
Sector Insurance
Employees2,382
DESCRIPTION

Co-Operators General Insurance Company is a Canadian owned and operated company with more than $38 billion in assets under administration. Company insure over two million people Canada-wide. Company are active corporate members of our communities, a catalyst for a sustainable society and a true home-grown champion with strong co-operative roots.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 1 of 1
Type (Divestiture) 2 of 2
State (Quebec) 2 of 2
Country (Canada) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-17 Assurances Oligny

Saint-Jean-sur-Richelieu, Quebec, Canada

Assurances Oligny is an insurance company that provides the sale and service of insurance for individuals and businesses. The company's services include car insurance, home insurance, agriculture insurance, recreation insurance, and business insurance. Assurances Oligny was formed in 1959 and is based in Saint-Jean-sur-Richelieu, Quebec.

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