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Calgary's Absorb Software gets $500-million valuation in private equity deal as oilpatch capital's tech sector continues to flourish
Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file ... This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer Calgary’s Absorb Software has been sold to a U.S. private-equity firm in a deal valuing the company at more than US$500-million, the latest transaction in the surging local tech sector to bring some good news to the blighted oil-patch capital. Private-equity firm Welsh, Carson, Anderson & Stowe acquired the company from Boston-based Silversmith ...
Source: theglobeandmail.com