Affinio

Affinio in its proposed acquisition by NowVertical

Client

Affinio

Value

US$7.3 million

Service

Emerging and High Growth Companies

Date Closed

Industry

Technology

Lead Office

Toronto

 

On October 19, 2021, Affinio announced its proposed acquisition by NowVertical, a global big data software and services company, for US$7.3 million including US$6 million in cash and subordinate voting shares valued at US$1.3 million. The acquisition will expand NowVertical’s position and provide the company’s platform with privacy-safe data analytics.

Affinio is a Halifax-based software firm focused on using machine learning to provide consumer data analytics.

Osler, Hoskin & Harcourt LLP are advising Affinio with a team consisting of Chad Bayne, Ryan Unruch, Justin Dharamdial, Janice To (Emerging and High Growth Companies), Dov Begun, Christopher Sheridan (Tax), Steven Dickie, Shari Cohen (Employment & Labour), Lee Webster (Intellectual Property) and Olivia Suppa (Pensions & Benefits).