M&A Deal Summary

Volaris Group Acquires Bravura Security

On September 13, 2022, Volaris Group acquired software company Bravura Security from Hitachi

Acquisition Highlights
  • This is Volaris Group’s 41st transaction in the Software sector.
  • This is Volaris Group’s 5th transaction in Canada.
  • This is Volaris Group’s 1st transaction in Alberta.

M&A Deal Summary

Date 2022-09-13
Target Bravura Security
Sector Software
Buyer(s) Volaris Group
Sellers(s) Hitachi
Deal Type Divestiture

Target

Bravura Security

Calgary, Alberta, Canada
Bravura Security is a developer of deploys identity and access management software for organizations in Canada and internationally. Bravura Security is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

Volaris Group

Mississauga, Ontario, Canada

Category Company
Sector Software
DESCRIPTION

Volaris acquires, strengthens and grows vertical market technology companies. As an Operating Group of Constellation Software Inc., Volaris is all about strengthening businesses within the markets they compete and enabling them to grow – whether that growth comes through organic measures such as new initiatives and product development, day-to-day business, or through complementary acquisitions.


DEAL STATS #
Overall 66 of 80
Sector (Software) 41 of 52
Type (Divestiture) 6 of 7
State (Alberta) 1 of 1
Country (Canada) 5 of 6
Year (2022) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-08 Alemba

Edinburgh, United Kingdom

Alemba develops Alemba Service Manager, a highly functional, 100% ITIL-compliant IT Service Management tool with a specific focus on request fulfilment. Backed by 25 years of heritage, Alemba Service Manager enables users to respond quickly to business demands by dramatically reducing the time to request fulfilment through automated workflow integration. Alemba is based in Edinburgh, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-20 CrossCap

San Francisco, California, United States

CrossCap is a provider of SaaS enterprise marketing workflow management software used by many major brands. The company offers solutions for cost savings and market-share growth, assisting marketers to budget, planning, communicating, and allocating marketing resources for complex multi-channel and omnichannel enterprise organizations. Its product offerings include the Marketing Calendar, Budgeting, Distro, and Promo Planner, allowing its customers to streamline overall marketing processes and gain market share. CrossCap is based in San Francisco, California.

Buy -

Seller(S) 1

SELLER

Hitachi

Tokyo, Japan

Category Company
Founded 1910
Sector Diversified
Employees268,655
Revenue 9.73T JPY (2024)
DESCRIPTION
Entrance to Hitachi's corporate headquarters in Tokyo, Japan.
Entrance to Hitachi's corporate headquarters in Tokyo, Japan.

Hitachi is a multinational conglomerate that operates across various sectors, including information technology, infrastructure systems, social innovation, automotive systems, and more. The Company's diverse portfolio encompasses a wide range of products and services, such as power systems, industrial machinery, digital solutions, transportation systems, and healthcare solutions. Hitachi was founded in 1910 and is based in Tokyo, Japan.


DEAL STATS #
Overall 6 of 6
Sector (Software) 2 of 2
Type (Divestiture) 6 of 6
State (Alberta) 1 of 1
Country (Canada) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-06 Flexware Innovation

Fishers, Indiana, United States

Flexware Innovation is focused on Manufacturing Execution Systems for enterprise clients in many vertical industries such as Life Sciences, Food & Beverage, Utilities, Metal and Steel, and Automotive and Discrete manufacturing. Their capabilities range from controls engineering and safety assessments all the way up to ERP implementation. Flexware Innovation was formed in 1996 and is based in Fishers, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-24 EKS

San Diego, California, United States

EKS is a designer, manufacturer, and system integrator of advanced power electronics and energy management solutions for distributed energy generation/storage and grid management to address energy market challenges. EKS is based in San Diego, California.

Buy -