Announced
Completed
Synopsis
Investment firms Acorn Partners and Pender Growth Fund completed the acquisition of software companies POWR, Assured Software, Rowanwood Professional Services and Cranham Haig from Pluribus Technologies, a company that specializes in acquiring small, profitable software firms, for CAD17m. "The sale of these subsidiaries represents a meaningful step in optimizing our portfolio and unlocking value for our shareholders. This transaction allows us to sharpen our focus on our core assets, reduce debt, and strengthen our financial foundation, in order to position Pluribus for long-term success. We would also like to acknowledge the employees of these subsidiaries for their hard work and contributions. Their efforts have been key to the success of these businesses, and we wish them all the best in the next phase of their journey," Diane Pedreira, Pluribus Chief Operating Officer.
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