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Jun-2021

TODAY IN ACQUISITIONS: SPORTSAVVY, ACKROO AND MORE

ORIGINAL ARTICLE, Isabelle Kirkwood, betakit.com, May 26, 2021

Quantum Benchmark

Over the past week, four Canadian tech companies have been involved in acquisition deals, including Quantum Benchmark, TechX Technologies, SportSavvy, and Ackroo. Here’s the latest on Canada’s movers and shakers.

Ackroo to acquire InterActive DMS for $900,000

Hamilton, Ontario-based software startup Ackroo, which offers a platform for loyalty marketing, gift cards, payments and point-of-sale solutions, is set to acquire InterActive DMS for $900,000.

The deal represents Ackroo’s eleventh acquisition to date and the company’s first point-of-sale software purchase in the automotive sector. It consists of $600,000 on closing and an additional $300,000 in working capital, due in 90 days. The deal is expected to close on May 31.

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