The deal bring together two fast-growing tech startups that had raised $90 million and $100 million respectively
Canalyst Financial Modeling Corp., a Vancouver capital markets data startup backed by the Canada Pension Plan Investment Board, has been bought by Tegus Inc. for between $400-million and $450-million.
Chicago-based Tegus provides real-time access to more than 40,000 expert interviews and transcripts covering more than 22,000 public and private companies and tools to simplify analyzing disclosures by public companies. It bought BamSEC, which gives users to access SEC filings and earnings transcripts, last year.
to end its days as an independent company because “this was going to be a very rare opportunity” to combine into an even stronger financial entity, as Tegus is also growing by 100 per cent annually and generates free cash flow. “Virtually all of our customers love Tegus whether they’re clients or not, and many Tegus clients are massive Canalyst fans.”
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