Novacap completed the acquisition of Plusgrade.

Novacap, a private equity firm, completed the acquisition of Plusgrade, an upgrade technology and a key ancillary revenue partner company. Financial terms were not disclosed. "This new partnership is a testimony to Novacap's continued commitment to entrepreneurs and founders of innovative companies and to our desire to enable them to scale up and achieve significant growth," Pascal Tremblay, Novacap President and CEO.