Corporate Finance in Atlantic Canada

Commentary on corporate finance issues for small- & mid-market private companies in Atlantic Canada

Posts Tagged ‘technology start-up

Another exit for a local tech startup

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http://www.newpace.ca/NewNet-Acquires-NewPace

Bedford, NS-based NewPace Technology has been acquired by NewNet Communications, part of the NewNet Group based in Illinois (which is in turn owned by Skyview Capital of Los Angeles).  NewPace provides messaging products for the telecom industry.

This is another exit for the local tech startup industry, which should help continue to grow the startup cluster throughout Atlantic, in that successful exits allow investors and entrepreneurs to put capital into other startups.

Written by Dan Jennings

June 10, 2014 at 8:29 am

Halifax startup GoInstant sells

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http://thechronicleherald.ca/business/115321-salesforcecom-to-buy-halifax-startup-goinstant 

Halifax startup GoInstant has sold to Silicon Valley’s Salesforce.com for (reportedly) $70 mil.  GoInstant’s software offering helps customers in different locations surf and share the web together.  Along with several VC funds, the NS government’s Innovacorp was an early-stage investor.

Along with last year’s acquisition of Fredericton-based Radian6 by Salesforce.com, this is another boost for the local IT startup and investor communities.

Written by Dan Jennings

July 10, 2012 at 8:14 am

I-3 Technology Start-up Winner

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http://innovacorp.ca/news/i-3-competition-provincial-winner-2012

Congrats to Halifax biomedical company DeNovaMed on winning the provincial round of Innovacorp’s I-3 Technology Start-Up competition.

Based at the IWK childrens hospital in Halifax, DeNovaMed’s founders used computer-aided drug design to develop a new class of compounds with the potential to treat infections caused by drug-resistant bacteria, or superbugs.

Written by Dan Jennings

February 9, 2012 at 12:47 pm

Posted in CF Musings

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