Valeo Corporate Finance Ltd. announced last week that it has completed the sale of Kamloops-based iCompass Technologies Inc. to a large US-based software company (who will remain anonymous). iCompass, the leading provider of software solutions to small to medium-sized local governments, is based in Kamloops, B.C. iCompass serves over 500 customers across North America.
“We are extremely pleased to join a software company recognized as a world leader in its space,” noted iCompass’ CEO. iCompass will join the company’s Canadian division and continue to operate from its headquarters in Kamloops, BC. “This has been an excellent outcome for both our investors as well as our employees. We could not be happier.”
David Raffa of Valeo provided sell-side investment banking services to iCompass. “We engaged David as our strategic corporate finance advisor four years ago, and together we built a growth plan that led us to this day,” said iCompass’ CEO. “David was critical to our growth strategy, and he led our sale process when we were ready to go to market. We could not have done it without him and we could not be happier with the results.” Noted Raffa, “I am very pleased for the team at iCompass. This was an excellent result and they are joining a great company.”
Growth capital was provided by TIMIA Capital. “The TIMIA capital was critical and timely to our growth strategy. They were an excellent partner and we could not have achieved our objectives without them”, noted the iCompass CEO. “When we reviewed the iCompass metrics early in the process, we were impressed with the company’s execution,” said Greg Smith, Chief Investment Officer of TIMIA. “Over time, the company’s performance just kept improving, a testament to the CEO, David, and the rest of the team.”
About iCompass Technologies
iCompass is the leading provider of meeting management solutions for small to medium-sized towns and cities in the US and Canada.
About Valeo Corporate Finance
Valeo Corporate Finance Ltd. is a boutique investment banking firm located in Vancouver, BC, Canada, providing corporate finance advisory and sell-side investment banking services to small cap technology and industrial companies. Contact David Raffa at firstname.lastname@example.org.
About TIMIA Capital Corporation
TIMIA Capital Corporation is a specialty finance company that provides revenue financing to technology companies in exchange for a royalty stream on revenue. The alternative financing option complements both debt and equity financing while allowing entrepreneurs to retain control of their business. TIMIA’s target market is the fast-growing business-to-business software-as-a-service (SaaS) segment. TIMIA is managed by a seasoned investment team with a track record of originating and managing debt and equity investments, as well as monitoring, compliance and workouts. For more information about TIMIA Capital Corporation, please visit www.timiacapital.com