Mediagrif closes acquisition of Fondaction backed Orckestra

Mediagrif Interactive Technologies Inc. (TSX: MDF) has closed previously announced 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 remain undisclosed.

Orckestra had raised $20 million in Series A and B rounds of financing from Fondaction CSN, Fonds de solidarité FTQ, W Investments.

photo credit: Orckestra

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

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.