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Date Target Transaction Type
Value: $mlns
Acquirer Seller
2025-12-10 Capital Networks
Software
Toronto, Ontario
www.capitalnetworks.com

Capital Networks is a provider of digital signage software and communication solutions designed to help organisations manage visual messaging across displays for purposes such as interactive directories, event schedules, staff information boards, and room status monitors. Capital Networks was founded in 1991 and is headquartered in Toronto, Ontario, Canada.

Advisor: Generational Group
Add-on Acquisition

Univerus
Company
Software
Port Moody, British Columbia
www.univerus.com

-
Deal Article Deal Link  
2025-11-26 Emmetros
Software
Kitchener, Ontario

Emmetros develops healthcare-oriented software for patient engagement and care coordination. Emmetros was founded in 2014 and is based in Kitchener, Ontario.

Add-on Acquisition

FluidAI
Company
Medical Products
Kitchener, Ontario
www.fluidai.md

-
Deal Article Deal Link  
2025-11-25 AskCipher
Software
Toronto, Ontario
www.askcipher.com

AskCipher connects to enterprise/business software (like ERPs, CRMs, finance & operations platforms) and lets users interact with those systems using natural language, effectively translating business language commands to application actions. AskCipher is based in Toronto, Ontario.

Add-on Acquisition

Appficiency
Company
Information Technology
Mississauga, Ontario
www.appficiency.com

-
Deal Article Deal Link  
2025-11-12 bids&tenders
Software
Waterloo, Ontario
www.bidsandtenders.com

bids&tenders is a digital procurement platform designed to simplify and modernize the entire procurement lifecycle. Used by public and private sector organizations, the platform enables users to post bids, manage supplier communications, receive compliant electronic submissions, conduct evaluations, and manage contracts — all in one secure, centralized system. bids&tenders was founded in 1999 and is based in Waterloo, Ontario.

Divestiture

Valsoft
Company
Software
Montreal, Quebec
www.valsoftcorp.com

GHD Group Pty Ltd.
Company
Business Services
Sydney, Australia
www.ghd.com

Deal Article Deal Link  
2025-11-10 ACD/Labs
Software
Toronto, Ontario
www.acdlabs.com

ACD/Labs develops scientific informatics and cheminformatics software for research and development in the chemical, pharmaceutical, and materials industries. The Company’s products enable molecular modeling, analytical data management, and chemical property prediction, supporting workflows in areas such as NMR, mass spectrometry, and chromatography. ACD/Labs was founded in 1994 and is headquartered in Toronto, Ontario.

Add-on Acquisition

Revvity
Company
Medical Products
Waltham, Massachusetts
www.revvity.com

-
Deal Article Deal Link  
2025-10-28 ProNavigator
Software
Kitchener, Ontario
www.pronavigator.ai

ProNavigator offers an AI-powered knowledge management platform specifically designed for the insurance industry. ProNavigator was founded in 2016 and is based in Kitchener, Ontario.

Add-on Acquisition

Guidewire
Company
Software
San Mateo, California
www.guidewire.com

-
Deal Article Deal Link  
2025-10-02 eDOCS
Software
Waterloo, Ontario

eDOCS is an enterprise content management (ECM) software designed for law firms, legal departments, and professional services teams. It enables secure, fast access to sensitive work product across devices and applications streamlining workflows, improving collaboration, and keeping critical content accessible for everyday use.

Divestiture

NetDocuments
Company
Internet Software and Services
Lehi, Utah
www.netdocuments.com

OpenText
Company
Software
Waterloo, Ontario
www.opentext.com

Deal Article Deal Link  
2025-09-29 Centro
Software
Toronto, Ontario
www.centroprocurement.com

Centro provides core IP transforms unstructured email into structured data that feeds directly into supply chain software systems. Centro was formed in 2022 and is headquartered in Toronto, Ontario.

Add-on Acquisition

Rose Rocket
Company
Software
Ontario
www.roserocket.com

-
Deal Article Deal Link  
2025-09-11 Igloo
Software
Kitchener, Ontario
www.igloosoftware.com

Igloo is a provider of digital workplace solutions, helping companies build inspiring digital destinations for a more productive and engaged workforce. Offering a suite of modern features and solutions for today's evolving workplace, Igloo partners with customers to address challenges related to communication, collaboration, knowledge management, employee engagement, and culture. Igloo was founded in 2008 and is based in Kitchener, Ontario.

Add-on Acquisition

Appspace
Company
Internet Software and Services
Dallas, Texas
www.appspace.com

Frontier Growth
Investor
Growth Capital Firm
Charlotte, North Carolina
www.frontiergrowth.com

Deal Article Deal Link  
2025-09-10 Stabl
Software
Toronto, Ontario
www.stabl.io

Stabl is a healthcare software company specializing in computer vision technology for patient monitoring. Stabl is based in Toronto, Ontario.

Add-on Acquisition

TailorCare
Company
Healthcare Services
Chicago, Illinois
www.tailorcare.com

-
Deal Article Deal Link  
2025-08-18 Informal Systems
Software
Toronto, Ontario
www.informal.systems

Informal Systems is a provider of blockchain infrastructure and protocol design. Informal Systems was formed in 2019 and is headquartered in Toronto, Ontario.

Add-on Acquisition

Circle
Company
Financial Services
New York, New York
www.circle.com

-
Deal Article Deal Link  
2025-07-23 ERP Buddies
Software
Mississauga, Ontario
www.erpbuddies.com

ERP Buddies is an Oracle NetSuite solutions provider with deep expertise in delivering agile, high-quality ERP solutions to mid-market and high-growth companies. ERP Buddies is based in Mississauga, Ontario.

Advisors: Cassels , Telegraph Hill Advisors
Add-on Acquisition

OSI Digital
Company
Business Services
Calabasas, California
www.osidigital.com

Advisor: Barnes & Thornburg

-
Deal Article Deal Link  
2025-07-15 Four DRobotics
Software
Ottawa, Ontario
www.fourdrobotics.com

Four DRobotics is a Canadian technology company building autonomous robotic systems for critical infrastructure. Its edge software architecture enables real-time, decentralized control of mobile and stationary platforms across various sectors, including mining, utilities, industrial security, and logistics. Four DRobotics is based in Ottawa, Ontario.

Merger

Go Green Global Technologies
Company
Environmental
Brookfield, Connecticut
www.gogreen-tech.org

-
Deal Article Deal Link  
2025-07-07 Novari
Software
Kingston, Ontario
www.novarihealth.com

Novari is a healthcare software provider that offers a suite of integrated software modules, including referral management, surgical waitlist management, central intake, and care coordination. Leveraging HL7, FHIR, DICOM, and other international standards, its technologies complement and integrate with a wide variety of healthcare systems (e.g., HIS, EMR, PACS, etc.). Novari is headquartered in Canada, with offices in Australia, New Zealand, and the United Kingdom.

Advisors: Osler , TD Securities
Add-on Acquisition
Value

$33

VitalHub
Company
Internet Software and Services
Toronto, Ontario
www.vitalhub.com

Advisor: Torkin Manes

-
Deal Article Deal Link  
2025-07-07 Barley
Software
Toronto, Ontario
www.barley.io

‍Barley is a compensation management solution that helps companies make smart and proactive compensation decisions by bringing together pay band management, comp reviews, benchmarking, compensation analytics, and total rewards all in one easy-to-use platform. Barley is based in Toronto, Ontario.

Add-on Acquisition

Workleap
Company
Software
Montreal, Quebec
www.workleap.com

-
Deal Article Deal Link  
2025-06-25 Cast
Software
Toronto, Ontario
www.cast-soft.com

Cast is a developer of software and hardware solutions for the entertainment, special events, and meetings industries. Its flagship products include WYSIWYG lighting design and pre-visualization suite, and the cutting-edge real-time tracking platform, BlackTrax. Cast is based in Toronto, Ontario.

Add-on Acquisition

Vertus Group
Company
Software
Markham, Ontario
www.vertusgroup.com

-
Deal Article Deal Link  
Avg $268
89.7x EBITDA
5.8x REVENUE

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