M&A Deal Summary

TMX Acquires Verity

On October 1, 2025, TMX acquired software company Verity from Resurgens Technology Partners

Acquisition Highlights
  • This is TMX’s 3rd transaction in the Software sector.
  • This is TMX’s 5th transaction in the United States.
  • This is TMX’s 2nd transaction in Massachusetts.

M&A Deal Summary

Date 2025-10-01
Target Verity
Sector Software
Buyer(s) TMX
Sellers(s) Resurgens Technology Partners
Deal Type Add-on Acquisition
Advisor(s) Solomon Partners (Financial)
DLA Piper (Legal)

Target

Verity

Boston, Massachusetts, United States
Verity is a provider of saas based research management software built for today’s modern buy-side investment firms, including global asset managers, asset owners, hedge funds, fund-of-funds, and private equity funds. Verity was founded in 2011 and is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

TMX

Toronto, Ontario, Canada

Category Company
Founded 2011
Sector Financial Services
Employees2,090
Revenue 1.5B CAD (2024)
DESCRIPTION

TMX is an integrated, multi-asset class exchange group. TMX Group's businesses operate cash and derivative markets for multiple asset classes including equities, fixed income and energy. It also provide clearing facilities, data products and other services to the international financial community. TMX was founded in 2011 and is based in Toronto, Ontario.


DEAL STATS #
Overall 10 of 10
Sector: Software M&A 3 of 3
Type: Add-on Acquisition M&A Deals 8 of 8
State: Massachusetts M&A 2 of 2
Country: United States M&A 5 of 5
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-07 Newsfile

Toronto, Ontario, Canada

Newsfile is a news dissemination and regulatory filing provider. Newsfile services over 2,500 public and private clients and is a one-stop source for disclosure requirements, including news release distribution and SEDAR+, EDGAR, and XBRL filing solutions. Newsfile was established in 1997 and is based in Toronto, Ontario.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

Resurgens Technology Partners is a private equity firm focused on acquiring software and technology-enabled service companies. The Firm targets businesses with $5 to $30 million of recurring revenue and will consider opportunities throughout North America. Specific areas of interest include enterprise software, information services, and analytics. Resurgens has a preference for founder-owned companies with potential for market leadership. Resurgens Technology Partners was established in 2016 and is headquartered in Atlanta, Georgia.


DEAL STATS #
Overall 3 of 3
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
State: Massachusetts M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-28 Movemedical

San Diego, California, United States

Movemedical is an enterprise software platform for medical device inventory management. Movemedical is based in San Diego, California.

Buy -