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Tiny Completes Acquisition Of Clean Canvas

Sep 08, 2023almost 2 years ago

Acquiring Company

Tiny

Acquired Company

INSTRUCTURE INC

VictoriaSalt Lake CityInformation Technology

Description

Tiny Ltd. (“Tiny” or the “Company”) (TSXV: TINY) is pleased to announce that WeCommerce Holdings Limited Partnership (“WeCommerce”), an entity that is 100% owned by Tiny, has entered into a binding arm’s length definitive share purchase agreement (the “Agreement”) with the shareholders of Clean Canvas Limited (“Clean Canvas”), whereby WeCommerce has acquired all of the issued and outstanding share capital of Clean Canvas (the “Acquisition”). The Acquisition is expected to be accretive to WeCommerce’s consolidated revenues and operating margins, and advances Tiny’s strategy to build, acquire and invest in the world’s top Shopify technology businesses.

Company Information

Company

Tiny

Location

Victoria, British Columbia, Canada

About

Tiny has spent over a decade partnering with founders to provide fast, straightforward exits that honor their team, preserve company culture, and ensure their businesses thrive for the long term.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed