M&A Deal Summary

Pender Growth Fund Acquires POWR

On October 11, 2024, growth capital firm Pender Growth Fund acquired internet software and services company POWR from Pluribus Technologies

Acquisition Highlights
  • This is Pender Growth Fund’s 1st transaction in the Internet Software and Services sector.
  • This is Pender Growth Fund’s 1st transaction in the United States.
  • This is Pender Growth Fund’s 1st transaction in California.

M&A Deal Summary

Date 2024-10-11
Target POWR
Sector Internet Software and Services
Buyer(s) Pender Growth Fund
Sellers(s) Pluribus Technologies
Deal Type Divestiture

Target

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.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

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: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 3 of 3
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-11 CHL Software

Cheltenham, United Kingdom

CHL Software is a developer of DocMoto app, that offers document and email management systems for Mac and Windows. It represents a clear break with the old-style solutions introduced almost 2 decades ago on the first wave of the web revolution. CHL Software was founded in 1996 and is based in Cheltenham, England.

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: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 3 of 3
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-11 CHL Software

Cheltenham, United Kingdom

CHL Software is a developer of DocMoto app, that offers document and email management systems for Mac and Windows. It represents a clear break with the old-style solutions introduced almost 2 decades ago on the first wave of the web revolution. CHL Software was founded in 1996 and is based in Cheltenham, England.

Sell -