Univerus, a Port Moody, Canada-based provider of software solutions, acquired Varasset, a Vancouver, Canada-based software solution provider for communications industries.
The amount of the deal was not disclosed.
The addition of Varasset broadens the Univerus portfolio and elevates its expertise in asset management.
Varasset provides software solutions for critical infrastructure management. Its flagship solutions, Varasset XAM and Joint Use 365, automate back-office joint use processes and help customers reduce labour, provide management insight and meet business goals. Its work and asset management software solutions are used by power and communications customers across North America.
Univerus brings software solutions together in a single user interface for an intuitive experience that improves operational consistency and efficiency. The organization has grown rapidly to incorporate software providers specializing in several key industries, including Local Government, Construction, Education, Manufacturing, Recruitment, Sport & Recreation, and Utilities.
The Varasset acquisition now brings together 18 acquired business units in the Univerus portfolio with over 150 employees worldwide.
FinSMEs
23/10/2023