The Austin-headquartered acquirer closed the transaction on Monday and did not disclose the terms of the deal. Sensibill and all its employees will be integrated into Q2, said Jean Kondo, vice-president of marketing and communications at the U.S. firm. (The Logic)

Talking point: Sensibill, incorporated in May 2013, made its name as a receipt-management tool that major commercial banks like Scotiabank offered their account holders. Financial-services providers now also use its software to analyze customer data. The firm has raised US$55.8 million to date, including a $5-million loan from CIBC in May 2020, according to Pitchbook data; Toronto’s Radical Ventures led its most recent equity round, a $41-million Series B in July 2019. Q2 declined to disclose staffing figures, but LinkedIn data suggests its workforce has been shrinking, from 93 in January 2021 to 46 currently. Publicly-traded Q2 made US$498.7 million in revenue in 2021, with a net loss of US$112.7 million. The firm, which makes software for commercial banks, has itself been a private-equity takeover target. It’s a hot day for Canadian technology deal announcements—San Jose, Calif.-headquartered Velodyne Lidar bought Montreal AI firm Bluecity, while RBC acquired fellow Torontonians MDBilling.ca; none of the firms disclosed terms.