VANCOUVER, B.C. - Acorn Partners Inc. ("Acorn") is pleased to announce the completed acquisition of four technology companies from Pluribus Technologies Corp. ("Pluribus") (TSXV: PLRB). The acquisition was made by a holding company owned by Acorn and a capital partner, Pender Growth Fund Inc. ("Pender") (TSXV: PTF).
The four technology companies acquired are:
Following the acquisition, all four entities will continue to be led by their existing management teams with oversight from Acorn. All parties will prioritize a seamless transition with minimal disruption to customers, employees and business operations. The new holding company structure will facilitate a focus on operational excellence with strategic support and access to capital.
Acorn and Pender were advised on the transaction by Fasken Martineau DuMoulin LLP, Loeb & Loeb LLP, and BDO Canada LLP.
About Acorn Partners Inc.
Acorn Partners Inc. is an investment and advisory firm based in Vancouver, BC. Acorn invests in profitable technology companies by deploying permanent capital alongside trusted capital partners. Acorn supports portfolio companies with strategic decisions and oversight while management continues to make operational decisions.
About Pender Growth Fund Inc.
Pender Growth Fund Inc. is an investment firm. Its investment objective is to achieve long-term capital growth. Pender utilizes its capital base and long-term horizon to invest in unique situations, primarily small cap, special situations, and illiquid public and private companies. The firm invests in public and private companies, principally in the technology sector. It trades on the TSX Venture Exchange under the symbol "PTF" and posts its NAV on its website, generally within five business days of each month end. For additional information, please visit
www.pendergrowthfund.com.