Toronto-based Aquila, a subsidiary of Constellation Software, said Cibar would continue to operate as an autonomous business unit within the company. The terms of the deal weren’t disclosed, and a spokesperson for Aquila didn’t immediately respond to a request for comment. (The Logic)

Talking point: Colorado-based Cibar’s main products include back-office software for large- and middle-market trade finance banks and their clients, according to Aquila, a Constellation subsidiary that invests in software companies. Its parent company, whose shares trade on the Toronto Stock Exchange, oversees a portfolio of specialized software businesses. In a statement, Aquila’s CEO called Cibar “an important addition to Aquila’s group of independent fintech businesses.”