The supply chain company’s executive chair Robert Courteau indicated in a conference call that he isn’t opposed to considering options including a sale of the company, after hiring Goldman Sachs to evaluate its strategic plan in September. “While the board has not closed the door to any path, there have not been any material developments,” Courteau said Thursday. (The Logic)
Talking point: The Ottawa-based firm is looking to turn around its stagnant growth, after being battered by high interest rates and a series of executive departures, which led to a “massive vacuum” in the publicly traded company, according to Kinaxis shareholder and investment firm Daventry Group. It could join a raft of other Canadian technology firms looking to go private amid falling valuations, including nine out of 20 that went public in 2020 and 2021, The Globe and Mail reported. Dye & Durham and Lightspeed Commerce are two others open to a sale.