M&A Deal Summary

ZenaTech Acquires DeskFlex

On October 24, 2024, ZenaTech acquired software company DeskFlex

Acquisition Highlights
  • This is ZenaTech’s 1st transaction in the Software sector.
  • This is ZenaTech’s 2nd transaction in the United States.
  • This is ZenaTech’s 2nd transaction in Illinois.

M&A Deal Summary
Date 2024-10-24
Target DeskFlex
Sector Software
Buyer(s) ZenaTech
Deal Type Add-on Acquisition

Target

DeskFlex

Chicago, Illinois, United States
DeskFlex is an AI room booking software company that maximizes every room’s potential by transforming fixed-desk traditional office space allocation into a more dynamic desk hoteling or hot desk environment. DeskFlex helps cut real estate investment costs and ensures efficient office space and room occupancy for both complex large and small offices. DeskFlex is headquartered in Chicago, Illinois.

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Buyer(S) 1

Buyer

ZenaTech

Toronto, Ontario, Canada
Category Company
Founded 2017
Sector Information Technology
Employees11
Revenue 2M CAD (2023)
DESCRIPTION

ZenaTech is a technology company specializing in AI drone solutions and enterprise SaaS solutions for mission-critical business applications. The company has leveraged its software development expertise and grown its drone design and manufacturing capabilities through ZenaDrone, to innovate and improve customer inspection, monitoring, safety, security, compliance, and field service processes. The company operates through six offices in North America, Europe, and UAE, and a growing global partner network. ZenaTech was founded in 2017 and is based in Toronto, Canada.

DEAL STATS #
Overall 2 of 4
Sector (Software) 1 of 3
Type (Add-on Acquisition) 2 of 4
State (Illinois) 2 of 2
Country (United States) 2 of 4
Year (2024) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-24 Jadian

Chicago, Illinois, United States

Jadian is a software and services company that provides comprehensive solutions to manage compliance, audits, inspections, licenses, permits, enforcement, quality assurance, and risk management. The company helps customers in municipal and county governments, health facilities, restaurants and retail services like tattoo shops, manage their regulatory and compliance processes, workflow and reporting. Jadian is headquartered in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-12 interlinkONE

Wilmington, Massachusetts, United States

interlinkONE provides warehouse management solutions for maintaining multiple warehouses on different platforms and integrating them with associated applications for ERP, ecommerce and finance, such as WooCommerce, Salesforce, Zapier and QuickBooks. interlinkONE is based in Wilmington, Massachusetts.

Buy -
Mergr

Product

Company

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