On May 17, 2022, Pluribus Technologies Corp. (TSXV: PLRB) (“Pluribus”) completed its acquisition of all issued and outstanding shares of Knowledge Strategies Inc., doing business as Tortal Training (“Tortal”). Based in Woburn, MA, Tortal is as a provider of learning management systems (“LMSs”), employee training and eLearning program services.
Pursuant to the terms of the agreement, Pluribus has agreed to pay the current shareholders of Tortal an aggregate of approximately US$1.4 million in cash and issue 175,926 common shares of the Company for a total purchase price of approximately US$1.9 million.
Pluribus is a publicly-traded technology company and value-based acquirer of small, profitable business-to-business technology companies in a range of verticals and industries.
Miller Thomson advised Pluribus on the transaction with a team led by Myron Mallia-Dare (Corporate/M&A) and comprised of Ian Polisuk (Corporate/M&A), Karen Durell (IP/IT); Amanda Plastina (Financial Services), Manjit Singh (Corporate Tax) and Jane Huang (Student).
Dorsey & Whitney LLP acted as U.S. counsel to Pluribus.
Our Mergers & Acquisitions (M&A) Group is a multi-jurisdictional and multi-disciplinary team of lawyers with experience on all types of transactions, advising from due diligence stages to post-closing integration. With expertise in a wide breadth of industries, including but not limited to Technology, Manufacturing, Healthcare, Life Sciences, Transportation, we help clients close their business deals efficiently and effectively. Learn more about our full suite of legal services.
