Canadian startup news of the week (4/25/21) betakit.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from betakit.com Daily Mail and Mail on Sunday newspapers.
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Calgary’s Absorb Software has been sold to a U.S. private-equity firm in a deal valuing the company at more than US$500-million, the latest transaction in the surging local tech sector to bring some good news to the blighted oil-patch capital.
Private-equity firm Welsh, Carson, Anderson & Stowe acquired the company from Boston-based Silversmith Capital Partners, which previously backed Absorb with a US$59-million investment in 2017.