PriceSensitive

Quisitive (TSXV:QUIS) closes Catapult Systems acquisition

Technology
TSXV:QUIS
22 November 2021 11:45 (EDT)
Quisitive - CEO, Mike Reinhart (right).

Source: Quisitive.

Quisitive Technology (QUIS) has closed its acquisition of Austin, Texas-based Catapult Systems.

The Toronto-based tech company is a Microsoft solutions provider and payment solutions provider.

Catapult is a Microsoft-focused digital solutions and services provider.

The transaction was initially announced on November 8.

This acquisition grows Quisitive’s Cloud Solutions segment, expanding its capabilities, including a managed services offering, net new security and compliance practice, and added capacity to the digital workplace.

Quisitive’s North American footprint will grow to include four new employee hubs and increase headcount to over 700 employees, including 280 Microsoft Certified Professionals.

“This acquisition represents a turning point in our journey to becoming the Microsoft partner of the future by adding technical depth, expanded services, and complementary IP. Catapult has an impeccable reputation for digital transformation, and their expertise, leadership, and Microsoft partnership are all aligned with our strategic growth targets for Cloud Solutions. Catapult’s integration into our marketing, sales, and delivery organizations is bringing exceptional strength and value to Quisitive and our customers,” said Quisitive CEO Mike Reinhart.

Quisitive Technology Solutions is up 0.92 per cent, trading at $1.10 at 11:29 am EST.

Related News