Annuncio • Mar 14
Quisitive Technology Solutions, Inc. Common Shares to Be Deleted from OTC Equity Quisitive Technology Solutions, Inc. Common Shares (Canada) will be deleted from OTC Equity effective March 13, 2025, due to Acquisition /Merger /Amalgamation. Annuncio • Mar 13
Quisitive Technology's Shares to Be Delisted from the TSX Venture Exchange Quisitive Technology Solutions, Inc. announced the successful completion of the previously announced plan of arrangement under the Business Corporations Act (British Columbia) (the “Transaction”) pursuant to which, among other things, an affiliate of funds managed by of H.I.G. Capital (the “Purchaser”) acquired all of the issued and outstanding common shares of Quisitive (the “Shares”) for CAD 0.57 per Share in cash, other than Shares previously held by certain employees who entered into rollover agreements. The Company received the final order from the Supreme Court of British Columbia approving the Transaction on March 4, 2025, and the Shares are expected to be delisted from the TSX Venture Exchange after the end of trading on March 12, 2025. The Purchaser intends to cause Quisitive to submit an application to cease to be a reporting issuer under applicable Canadian securities laws. Annuncio • Mar 12
H.I.G. Capital, LLC completed the acquisition of Quisitive Technology Solutions, Inc. (TSXV:QUIS) in equity reinvestment transaction. H.I.G. Capital, LLC entered into an agreement to acquire Quisitive Technology Solutions, Inc. (TSXV:QUIS) for CAD 170 million in equity reinvestment transaction on December 31, 2024. Under the terms of the agreement, shareholders will receive CAD 0.57 per Share in cash. The rollover shareholders will roll certain of their shares in the Quisitive Technology Solutions for equity interests in H.I.G and an affiliated entity of H.I.G. All rollovers will occur at a value per share equal to the cash purchase price. The purchase price of the transaction represents a total equity value of approximately CAD 169.1 million. The Quisitive Technology Solutions expects to hold the Special Meeting of shareholders to consider the transaction in March 2025.
The transaction has been unanimously approved by Quisitive Technology board of directors. The transaction is subject to Quisitive Technology shareholder approval, approval of the Supreme Court of British Columbia, in addition to certain regulatory approvals and closing conditions customary to a transaction of this nature. The transaction is expected to close in the first quarter of 2025. As of February 28, 2025, Quisitive shareholders approved the transaction. Quisitive will seek a final order of the Supreme Court of British Columbia to approve the Arrangement at a hearing expected to be held on March 4, 2025. The arrangement is expected to close on or about March 11, 2025, provided all the customary closing conditions set forth in the agreement governing the Arrangement are satisfied or waived.
Tana Ryan, Noah Beck, Amanda Rotkel, Max Scott, Olivia J. Greer, Rebecca Sivitz, Benton Lewis, Jasmine Rosner, Carla A. R. Hine, Ariel Kronman, Dan S. Nobil and Navneeta Rekhi of Weil, Gotshal & Manges LLP and John Leopold and David Massé of Stikeman Elliott LLP acted as legal advisors to H.I.G. Capital. William Blair & Company, L.L.C. and Canaccord Genuity Corp. acted as financial advisor and fairness opinion provider to Quisitive Technology Solutions. Jay Goldman and Lindsay Clements of Cassels Brock & Blackwell LLP and J. Page Davidson and S. Ryan Hoffman of Bass, Berry & Sims PLC acted as legal counsel to the Quisitive Technology Solutions. Laurel Hill Advisory Group acted as information agent to Quisitive Technology. Guggenheim Securities LLC acted as financial advisor to H.I.G. Capital.
H.I.G. Capital, LLC completed the acquisition of Quisitive Technology Solutions, Inc. (TSXV:QUIS) in equity reinvestment transaction on March 11, 2025. Quisitive's management team, headed by CEO Mike Reinhart, will continue to lead the Company. Quisitive Technology Solutions received the final order from the Supreme Court of British Columbia approving the transaction on March 4, 2025, and the shares are expected to be delisted from the TSX Venture Exchange after the end of trading on March 12, 2025. Annuncio • Jan 03
H.I.G. Capital, LLC entered into an agreement to acquire Quisitive Technology Solutions, Inc. (TSXV:QUIS) for CAD 170 million in equity reinvestment transaction. H.I.G. Capital, LLC entered into an agreement to acquire Quisitive Technology Solutions, Inc. (TSXV:QUIS) for CAD 170 million in equity reinvestment transaction on December 31, 2024. Under the terms of the agreement, shareholders will receive CAD 0.57 per Share in cash. The rollover shareholders will roll certain of their shares in the Quisitive Technology Solutions for equity interests in H.I.G and an affiliated entity of H.I.G. All rollovers will occur at a value per share equal to the cash purchase price. The purchase price of the transaction represents a total equity value of approximately CAD 169.1 million. The Quisitive Technology Solutions expects to hold the Special Meeting of shareholders to consider the transaction in March 2025.
The transaction has been unanimously approved by Quisitive Technology board of directors. The transaction is subject to Quisitive Technology shareholder approval, approval of the Supreme Court of British Columbia, in addition to certain regulatory approvals and closing conditions customary to a transaction of this nature. The Transaction is expected to close in the first quarter of 2025.
Weil, Gotshal & Manges LLP and Stikeman Elliott LLP acted as legal advisors to H.I.G. Capital. William Blair & Company, L.L.C. and Canaccord Genuity Corp. acted as financial advisor and fairness opinion provider to Quisitive Technology Solutions. Cassels Brock & Blackwell LLP and Bass, Berry & Sims PLC acted as legal counsel to the Quisitive Technology Solutions. Annuncio • Nov 26
Quisitive Technology Solutions, Inc. Provides Revenue Guidance for Fiscal Year 2024 Quisitive Technology Solutions, Inc. provided revenue guidance for fiscal year 2024. For the year, the company expects Revenue from Continuing Operations of $119,000,000 to $121,000,000. Annuncio • Nov 12
Quisitive Technology Solutions, Inc. to Report Q3, 2024 Results on Nov 25, 2024 Quisitive Technology Solutions, Inc. announced that they will report Q3, 2024 results at 4:00 PM, US Eastern Standard Time on Nov 25, 2024 Annuncio • Aug 23
Quisitive Technology Solutions, Inc. Reaffirms Earnings Guidance for the Fiscal Year 2024 Quisitive Technology Solutions, Inc. reaffirmed earnings guidance for the fiscal year 2024. For the year, the company expected revenue from continuing operations of $120,000,000 to $130,000,000. Annuncio • Aug 07
Quisitive Technology Solutions, Inc. to Report Q2, 2024 Results on Aug 20, 2024 Quisitive Technology Solutions, Inc. announced that they will report Q2, 2024 results on Aug 20, 2024 Annuncio • Jun 25
Quisitive Technology Solutions, Inc., Annual General Meeting, Aug 14, 2024 Quisitive Technology Solutions, Inc., Annual General Meeting, Aug 14, 2024. Annuncio • May 24
Quisitive Technology Solutions, Inc. Provides Financial Guidance for Fiscal Year 2024 Quisitive Technology Solutions, Inc. provided financial guidance for fiscal year 2024. The company expects fiscal year 2024 revenue from continuing operations of $120,000,000 to $130,000,000. Annuncio • May 11
Quisitive Technology Solutions, Inc. to Report Q1, 2024 Results on May 22, 2024 Quisitive Technology Solutions, Inc. announced that they will report Q1, 2024 results on May 22, 2024 Annuncio • Apr 20
Quisitive Technology Solutions, Inc. Announces Executive Appointments Quisitive Technology Solutions, Inc. announced the appointment of Dan Kunz as its Executive Vice President of its Microsoft Cloud and AI Global Delivery Organization effective April 15, 2024. Dan joins Lane Sorgen, Executive Vice President of Sales and Marketing as leaders of Quisitive Cloud and AI Solutions. Dan brings over 25 years of portfolio expansion, customer relations, global talent management, P&L management, sales, and operations experience across the IT services industry. Most recently, he served as Managing Director at Accenture where he spearheaded multiple modernization programs including cloud and business transformation. Prior to that, Dan was a Partner at IBM where he led multiple cloud adoption and migration programs. He holds an MBA in Technology Management from the University of Phoenix. Dan will lead delivery of solutions and services to customers with a focus on customer satisfaction, technical expertise, and innovative service offerings. Lane also brings over 25 years of experience with prior roles as Regional Vice President at Microsoft. He has a depth of experience leading sales organizations, driving offers to market, and navigating the Microsoft ecosystem. Lane will lead the sales and marketing organization for Quisitive with an integrated go-to-market strategy, including oversight of AI innovation, industry transformation, and Microsoft partnership. Lane and Dan will work symbiotically in lockstep to elevate Quisitive’s Cloud Solutions strategy, operations, and execution. Dan Kunz will report to Mike Reinhart, becoming part of the Quisitive executive team that includes Lane Sorgen, Tami Anders, Chief of Staff and Executive Vice President of People and Culture; Steven Balusek, Executive Vice President of IT and Innovation; and Scott Meriwether, Chief Financial Officer. Annuncio • Apr 16
Quisitive Technology Solutions, Inc. to Report Q4, 2023 Results on Apr 29, 2024 Quisitive Technology Solutions, Inc. announced that they will report Q4, 2023 results at 4:00 PM, US Eastern Standard Time on Apr 29, 2024 Annuncio • Jan 30
Fulcrum IT Partners completed the acquisition of PayiQ, Inc. from Quisitive Technology Solutions, Inc. (TSXV:QUIS) for $45 million. Fulcrum IT Partners entered into an agreement to acquire PayiQ, Inc. from Quisitive Technology Solutions, Inc. (TSXV:QUIS) on November 28, 2023. The consideration for the sale of the PayiQ subsidiary will consist of the issuance of 27,000 preferred shares of Fulcrum Payments to Quisitive. On the third anniversary of the effective date of the Transaction, the Consideration Shares shall be automatically converted into common shares of Fulcrum Payments with a value equal to $1,000 per share, provided that the common shares of Fulcrum are listed and posted for trading on a recognized stock exchange in Canada or the United States. Quisitive may also be entitled to additional contingent consideration in the form of performance earn-outs if PayiQ achieves certain financial thresholds during the three-year period following the closing of the Transaction. The amount of the earn-out is a maximum of $18,000,000 payable in cash based on PayiQ exceeding revenue growth targets. If Fulcrum’s common shares are not publicly traded at such time, Quisitive shall have the right to require Fulcrum to purchase all or a portion of the Consideration Shares for a purchase price equal to $1,000 per share, for aggregate consideration of up to $27 million. Completion of the Transaction is subject to a number of standard conditions and is expected to close on or about December 31, 2023. Jordan Taylor of Holland & Knight LLP acted as legal advisor to Fulcrum Payment Solutions, Inc.
Fulcrum IT Partners completed the acquisition of PayiQ, Inc. from Quisitive Technology Solutions, Inc. (TSXV:QUIS) on January 29, 2024. Annuncio • Nov 29
Fulcrum IT Partners entered into an agreement to acquire PayiQ, Inc. Fulcrum IT Partners entered into an agreement to acquire PayiQ, Inc. on November 28, 2023. The consideration for the sale of the PayiQ subsidiary will consist of the issuance of 27,000 preferred shares of Fulcrum Payments to Quisitive. Quisitive may also be entitled to additional contingent consideration in the form of performance earn-outs if PayiQ achieves certain financial thresholds during the three-year period following the closing of the Transaction. The amount of the earn-out is a maximum of US$18,000,000 payable in cash based on PayiQ exceeding revenue growth targets. Completion of the Transaction is subject to a number of standard conditions and is expected to close on or about December 31, 2023. Annuncio • Nov 21
Quisitive Technology Solutions, Inc. to Report Q3, 2023 Results on Nov 29, 2023 Quisitive Technology Solutions, Inc. announced that they will report Q3, 2023 results on Nov 29, 2023 Annuncio • Oct 13
Quisitive Technology Solutions, Inc. Announces Directors Appointments Quisitive Technology Solutions, Inc. announced the appointment of two new directors to the board of directors of the Company, effective immediately. The Company welcomes Nick Lim and Darcy Morris as directors of the Company as the result of a process to refresh the Board in light of concerns raised by certain shareholders of the Company. Additionally, Phil Sorgen has resigned. As a result of the changes to the Board, the Board is comprised of six directors: Mike Reinhart, the CEO; and five directors the Board has determined to be independent: Dave Guebert (Audit Chair), Laurie Goldberg, Amy Brandt, Nick Lim and Darcy Morris. Nick Lim is a Managing Director of FAX Capital Corp. which he joined in 2019, and has approximately 20 years of experience in the financial services industry. Prior to joining FAX, Mr. Lim spent two years with Hamblin Watsa Investment Counsel, Fairfax Financial Holdings Limited’s investment management subsidiary, where he served as Vice President focused on private investments, credit investments and real estate. Prior to that, Mr. Lim served seven years at Brookfield Asset Management in the private equity group and public securities group as a member of their respective investment teams. While at Brookfield, Mr. Lim was involved in the turnaround of North American Palladium, a publicly-listed specialty metals company. Mr. Lim is currently a board member of Carson Dunlop & Associates Ltd., a leading home inspection services and technology platform, and previously sat on the boards of Toys “R” Us Canada and Trisura Guarantee Insurance Company. Mr. Lim graduated from the University of Toronto with a Bachelor in Applied Science (Industrial Engineering) and is a CFA Charterholder.Darcy Morris has served as the Chief Executive Officer and Co-President of Ewing Morris & Co. Investment Partners (“Ewing Morris”) since co-founding the company in 2011. Darcy is currently on the board of directors of The Caldwell Partners International Inc. and previously served on the board of ZCL Composites Inc. and Cedar Realty Trust. In addition, he is the former Chair of the Art Gallery of Ontario (AGO) Foundation and former Treasurer of the Toronto Public Library Foundation. Prior to co-founding Ewing, Darcy was a Portfolio Manager at MacDougall, MacDougall & MacTier Inc. and an Associate at Burgundy Asset Management. Darcy received an Honours Bachelor of Arts (Political Studies) degree from Queen's University in 2004 and was awarded the Canadian Investment Manager designation in 2010. Annuncio • Oct 05
Quisitive Technology Solutions, Inc. Announces Board Resignations Quisitive Technology Solutions, Inc. announced via press release their intention to requisition a special meeting of shareholders of the company for the purpose of removing and replacing David Guebert, Philip Sorgen and Amy Brandt as members of the board of directors of the company. Annuncio • Aug 23
Quisitive Technology Solutions, Inc. Launches Mazikcare Care Planner, A Leading-Edge Patient Treatment Pathing Application for Healthcare Providers Quisitive Technology Solutions Inc. has announced the launch of MazikCare Care Planner, a new care treatment pathing application designed to streamline patient care coordination and improve communication between healthcare providers and patients. Care Planner allows healthcare networks, from hospital chains to independent physician offices and care clinics, to set up treatment templates that enable care teams to treat patients in a pre-set structured format. The system automates follow-up tasks, reminders, and appointments, while also designating specific assessments based on the patient's treatment path. This uniform approach ensures that the care team can be more efficient in their patient-facing actions, minimizing back-end and follow-up work per patient, enabling healthcare providers to see and treat more patients each day. Care Planner is a part of Quisitive's MazikCare healthcare cloud platform and leverages Microsoft Dynamics, Azure, and Power Platform technology to provide a quick, secure, and scalable digital health solution to organizations in healthcare. This most recent launch of a new offering represents an additional use case for the powerful MazikCare suite of tools for healthcare organizations. The Company continues to listen closely to the feedback of healthcare providers and develops solutions that solve their most critical challenges by combining subject matter expertise with deep technical skills. Annuncio • Aug 11
Quisitive Technology Solutions, Inc. to Report Q2, 2023 Results on Aug 29, 2023 Quisitive Technology Solutions, Inc. announced that they will report Q2, 2023 results on Aug 29, 2023 Annuncio • Jul 01
Quisitive Technology Solutions, Inc. has completed a Follow-on Equity Offering in the amount of CAD 6.02 million. Quisitive Technology Solutions, Inc. has completed a Follow-on Equity Offering in the amount of CAD 6.02 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 17,200,000
Price\Range: CAD 0.35
Discount Per Security: CAD 0.021
Transaction Features: Rule 144A Annuncio • Jun 22
Quisitive Technology Solutions, Inc. announced that it expects to receive CAD 6.02 million in funding from Ewing Morris & Co. Investment Partners Quisitive Technology Solutions, Inc. announced that it has entered into an agreement and bought deal private placement to issue 17,200,000 common shares at a price of CAD 0.35 per Share for the gross proceeds of CAD 6,020,000 on June 21, 2023. The transaction included participation from new investor Ewing Morris & Co. Investment Partners for CAD 5,000,000. In connection with the transaction, the Underwriters will receive a cash commission equal to 6% of the gross proceeds from the sale of the Offered Shares. The Closing of the Offering is expected to occur on or about June 30, 2023 and is subject to the approval of the TSX Venture Exchange (“TSXV”) and other necessary regulatory approvals. The Company has granted the Underwriters an option, exercisable, in whole or in part, at any time not later than the 30th day following the closing of the Offering, to purchase up to an additional 2,580,000 Offered Shares at the Issue Price for market stabilization purposes and to cover over-allotments, If the Over-Allotment Option is exercised in full, the total gross proceeds of the Offering will be approximately CAD 6,900,000. Annuncio • Jun 13
Quisitive Technology Solutions, Inc. Adds Managed Detection & Response to Security Services Portfolio Quisitive Technology Solutions Inc. announced that it is adding 24x7x365 Managed Detection and Response (MDR) capabilities to its services portfolio, as an integrated service within its Spyglass Security solution and Azure Management Services solution. Quisitive has selected CRITICALSTART®? a leading partner in Microsoft Managed Extended Detection and Response (MXDR) security services program, as well as a member of the Microsoft Intelligent Security Association (MISA), as a partner to augment Quisitive's portfolio of enterprise security and compliance solutions. Security and managed services continue to be high-demand areas for enterprise customers to manage cybersecurity risks and ensure business continuity and optimal performance. MDR is a proactive approach to cybersecurity that combines advanced technology, expert analysts, and 24x7x365 threat monitoring and response activities. By submitting to Quisitive's security solutions, customers will be able to enhance visibility and protection across their endpoints, cloud, email, and filesharing. Adding MDR capabilities broadens the scope of Quisitive's security services, reduces the time to detect and respond to threats, and minimizes the impact of breaches for customers. Quisitive's Spyglass Security and Compliance solution leverages Microsoft's extensive security portfolio to reduce the complexity and cost of managing multiple security tools and vendors. In addition to implementing and maintaining security technology, Quisitive also provides customers with a dedicated team of security experts who act as an extension of their IT staff, with seamless coverage around the clock. Critical Start augments Quisitive's security offerings by adding MDR, a new security operations center (SOC), security software solutions, research capabilities, and threat hunting, all backed by deep Microsoft expertise. These added capabilities, combined with Quisitive's robust security services offerings, provide customers comprehensive protection with a centralized view of their security landscape, as well as security coaching and 24x7x365 monitoring. Annuncio • May 09
Quisitive Technology Solutions, Inc. to Report Q1, 2023 Results on May 16, 2023 Quisitive Technology Solutions, Inc. announced that they will report Q1, 2023 results at 4:00 PM, US Eastern Standard Time on May 16, 2023 Annuncio • Nov 19
Quisitive Selected as Horizontal Digital's Exclusive Cloud Solution Provider and Strategic Channel Partner Quisitive Technology Solutions Inc. was selected by Horizontal Digital to be its exclusive Microsoft Cloud Solution Provider and strategic channel partner. Horizontal is a leading digital consultancy that helps its clients optimize digital marketing initiatives by leveraging data from their customer's digital experience and engagement with their end customers. Horizontal uses this data to architect meaningful, end-to-end experiences through strategy, creativity, and technology. Prior to engaging Quisitive, Horizontal was paying a monthly fee for its internal Microsoft Cloud Service, which served as a critical element of their back-end operations. As Horizontal's new CSP under a multi-year agreement, Quisitive will seamlessly manage Horizontal's licensing subscriptions and cloud services, for its internal operations needs that will empower them to optimize their internal Microsoft spend, Microsoft productivity, and collaboration tools and operations. Annuncio • Nov 10
Quisitive Selects as Grant Thornton's Application Development Partner for SOC Reporting Quisitive Technology Solutions Inc. has been selected as a strategic application development partner by Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd, one of the world's leading organizations of independent audit, tax and advisory firms. Grant Thornton engaged Quisitive in a joint effort to accelerate and automate a unique and industry-differentiated platform for SOC (System and Organization Controls) reporting — most notably by tapping into the power of the Microsoft cloud. The result is SOC.x, a cloud-based application that allows Grant Thornton's professionals to more efficiently produce SOC reports. These reports allow service organizations to demonstrate that the services they perform meet established compliance frameworks for areas such as financial reporting, security, availability, confidentiality, and privacy. Annuncio • Nov 05
Quisitive Technology Solutions, Inc. to Report Q3, 2020 Results on Nov 24, 2020 Quisitive Technology Solutions, Inc. announced that they will report Q3, 2020 results at 10:04 PM, GMT Standard Time on Nov 24, 2020 Annuncio • Oct 03
Essilor and Quisitive Employ Rapid Application Development to Adapt to New Operational Norms Quisitive Technology Solutions and Essilor Group partnership to enable Essilor to safely reopen doctor's offices during the COVID-19 pandemic by rapidly developing the EyeBookNow online appointment system and rolling it out globally within weeks. Unlike the U.S., most countries allow people to walk in and be fitted for new corrective lens without an appointment, but due to COVID-19, this practice was no longer safe. Essilor turned to Quisitive to innovate quickly with a new appointment application. Quisitive's team worked aggressively to develop an application solution, which leverages the most innovative technologies in modern code-base and is activated by the public cloud. To achieve this feat, Quisitive collaborated with Essilor experts, displaying our full ability to deliver on our advanced specialization in modern application development. Annuncio • Aug 21
Quisitive Technology Solutions, Inc. to Report Q2, 2020 Results on Aug 26, 2020 Quisitive Technology Solutions, Inc. announced that they will report Q2, 2020 results at 5:00 PM, Eastern Standard Time on Aug 26, 2020