Alpine Growth Partners LP (AGP) has acquired Datavalet Technologies Inc. Financial terms were not disclosed. The transaction closed in late May 2017.
The new investment will help Datavalet accelerate and sustain its strong growth well into the future. As part of the transaction, Toby Chang and Daniel Forest, AGP’s co-founders, will immediately join Robert Soussa as part of the senior management team.
Founded in 1998, Montreal based Datavalet Technologies Inc. is a developer and service provider of intelligently managed and connected Wi-Fi networks. Its comprehensive service portfolio includes infrastructure and guest access management, as well as business intelligence and data analytics.
“We are very excited to be partnering with AGP. Its investment into our business will help us widen our range and extend our reach,” said Robert Soussa, Managing Partner of Business Development at Datavalet. “We welcome the additional resources and bench strength, which will allow us to not only accelerate growth, but also to increase our strategic capabilities.”
“Datavalet has cultivated strong customer and partner relationships and has become an emerging leader in its industry,” said Forest, now also Managing Partner, Finance & Corporate Strategy at Datavalet. “Expect to see lots of activity in the years to come as Datavalet continues on its path as an independent leader in Wi-Fi managed services in North America.”
Toronto and Montreal based Alpine Growth Partners invests in small to medium-sized businesses in Canada and the United States. Its investor group includes many accomplished business leaders, providing the vision, expertise, discipline and experience necessary to enhance the longterm value of the companies AGP partners with.
photo credit: Goumbik via pixabay
Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.
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