The Mississauga-based cloud software company reached the new valuation after a U.S. growth equity firm and some individual investors sold between US$600 million and US$800 million of stock in a recapitalization transaction. (The Globe and Mail)
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The Mississauga-based cloud software company reached the new valuation after a U.S. growth equity firm and some individual investors sold between US$600 million and US$800 million of stock in a recapitalization transaction. (The Globe and Mail)
Talking Point: The company announced an undisclosed investment amount on Tuesday from new investor Hellman & Friedman and existing investor Dragoneer Investment Group, which is the largest outside investor in the company. The new funds would help it continue to grow and expand its product line. The news comes shortly after the company acquired Collective Medical, a Utah-based firm whose platform provides real-time care collaboration, in a deal that was estimated to cost between US$500 million and US$1 billion.
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