Mediagrif acquires venture-backed Orckestra for $2.2M

On June 23, 2017, Mediagrif Interactive Technologies Inc. (TSX: MDF) closed acquisition of substantially all of the assets of Orckestra Inc., a provider of digital unified and omnichannel commerce solutions for the retail and manufacturing industry. Financial terms were not disclosed at the time.

Mediagrif Interactive Technologies has now disclosed that it paid $1.6 million net of acquired cash, plus assumption of certain liabilities of approximately $600,000.

Orckestra had raised $20 million in Series A and B rounds of financing from Fondaction CSN, Fonds de solidarité FTQ, W Investments, with Fondaction being the third largest shareholders behind two-founders, Vincent Trepanier and Louis Fournier.

photo credit: Orckestra

Ted Liu

Ted Liu, M.Sc. (Mining), MBA (Finance), is the Editor of Private Capital Journal and CanadaMetals.ca, and former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA). Ted was the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, the most sophisticated and advanced all private capital and public market financing database.