Genstar Capital-backed Prometheus Group to acquire VIZIYA from Quarterhill for C$49.4m.

Genstar Capital-backed Prometheus Group, a global provider of asset management operations and optimization software, agreed to acquire VIZIYA, a developer of enterprise asset management software, from Quarterhill, a Canadian public technology holding company for C$49.4m. "Prometheus is one of the rare companies that is able to grow and expand during this challenging time. It is encouraging that Genstar's approach to helping its portfolio companies source and complete add-on acquisitions can be successful in this environment. Genstar is excited to continue to support Prometheus in the combination of these two strong companies. Eric and his team are continuing to build this business and create an even stronger company that provides its customers with an enhanced set of solutions," Eli Weiss, Genstar Capital Managing Director.