M&A Deal Summary

Volaris Group Acquires FunctionFox

On May 8, 2023, Volaris Group acquired software company FunctionFox

Acquisition Highlights
  • This is Volaris Group’s 43rd transaction in the Software sector.
  • This is Volaris Group’s 6th transaction in Canada.
  • This is Volaris Group’s 3rd transaction in British Columbia.

M&A Deal Summary
Date 2023-05-08
Target FunctionFox
Sector Software
Buyer(s) Volaris Group
Deal Type Add-on Acquisition

Target

FunctionFox

Victoria, British Columbia, Canada
FunctionFox designs and builds timesheet and project management software for creative agencies and teams. The company's solutions cater to marketing teams, creative teams, design teams and freelancers providing flexible solutions based on their needs. It offers Classic, Premiere, and In-House solution bundles. FunctionFox is based in Victoria, British Columbia.

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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 70 of 80
Sector (Software) 43 of 52
Type (Add-on Acquisition) 62 of 71
State (British Columbia) 3 of 3
Country (Canada) 6 of 6
Year (2023) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-28 WennSoft

New Berlin, Wisconsin, United States

WennSoft is a provider of end-to-end field services software and solutions. The Company’s platform offers highly tailored vertical solutions based on extensive field services operations expertise and enables customers to manage and streamline the installation, maintenance and repair processes with a strong emphasis in mobility. WennSoft was founded in 1995 and is based in New Berlin, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-05 RAF Technology

Redmond, Washington, United States

RAF Technology is a provider of pattern recognition technology. RAF offers data capture and verification software products that enable postal, courier, and transportation companies to read, identify and track shipping items. RAF Technology was founded in 1989 and is based in Redmond, Washington.

Buy -
Mergr

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