M&A Deal Summary

Pender Growth Fund Acquires Assured Software

On October 11, 2024, growth capital firm Pender Growth Fund acquired information technology company Assured Software from Pluribus Technologies

Acquisition Highlights
  • This is Pender Growth Fund’s 1st transaction in the Information Technology sector.
  • This is Pender Growth Fund’s 1st transaction in Canada.
  • This is Pender Growth Fund’s 1st transaction in British Columbia.

M&A Deal Summary

Date 2024-10-11
Target Assured Software
Sector Information Technology
Buyer(s) Pender Growth Fund
Sellers(s) Pluribus Technologies
Deal Type Divestiture

Target

Assured Software

Vancouver, British Columbia, Canada
Assured Software provides an inventory packout and job management platform to restoration contractors who are managing contents on an insurance claim. Assured Software was founded in 1997 and is based in Vancouver, British Columbia.

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Buyer(S) 1

DESCRIPTION

Pender Growth Fund is a publicly traded investment company focused on investing in emerging and growth-stage technology companies, primarily in the private markets. The Firm seeks to generate long-term capital appreciation by identifying undervalued businesses with strong potential and helping them scale. The fund takes a concentrated, active approach to its portfolio, with notable investments across software, healthcare, and digital infrastructure sectors. Pender Growth Fund is based in Vancouver, British Columbia.


DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 3 of 3
State: British Columbia M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2024 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-11 POWR

San Francisco, California, United States

POWR provides a suite of 60+ affordable, easy-to-use, and customizable apps to facilitate lead collection and on-page conversion rate optimization. POWR was founded in 2014 and is based in San Francisco, California.

Buy -

Seller(S) 1

SELLER

Pluribus Technologies

Toronto, Ontario, Canada

Category Company
Founded 2017
Sector Software
DESCRIPTION

Pluribus Technologies is an acquirer of small B2B software companies. The Company looks to buy companies from owners and investors that are seeking a succession plan. Pluribus Technologies was founded in 2017 and and is based in Toronto, Ontario.


DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 3 of 3
State: British Columbia M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2024 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-11 POWR

San Francisco, California, United States

POWR provides a suite of 60+ affordable, easy-to-use, and customizable apps to facilitate lead collection and on-page conversion rate optimization. POWR was founded in 2014 and is based in San Francisco, California.

Sell -