Fluence’s software helps clients report their financials and close their books. The firm has raised money from Canadian investors MaRS Investment Accelerator Fund and Graphite Ventures, as well as Bay-Area firm Banneker Partners. Anaplan, a San Francisco-based company that runs a business-management platform, did not disclose terms of the deal to buy Fluence. (The Logic)

Talking point: Private equity giant Thoma Bravo acquired Anaplan in 2022 in a deal that valued the subsidiary at about US$10.4 billion. The Fluence deal adds to the growing portfolio of Canadian firms under Thoma Bravo, which bought Waterloo, Ont.-based Magnet Forensics last year. Anaplan intends to integrate Fluence’s products into its existing platform. The acquisition follows a period of global expansion for the Toronto-based fintech, which bought Italy-based SaaS startup Sturnis365 in 2022 and U.K.-based XLCubed a year earlier. The deal—expected to close in early May—should come as a relief to Fluence’s Canadian investors amid a slow exit market over the past couple years.