H.I.G. Capital Completes Acquisition of Quisitive Technology Solutions

Quisitive Technology Solutions ( (TSE:QUIS) ) has shared an update.

Quisitive Technology Solutions has been acquired by an affiliate of H.I.G. Capital, with the transaction involving the purchase of all outstanding common shares at C$0.57 per share. Following the acquisition, Quisitive’s shares will be delisted from the TSX Venture Exchange, and the company plans to cease being a reporting issuer under Canadian securities laws. This acquisition marks a significant change in Quisitive’s operational and market positioning, potentially impacting stakeholders as the company transitions under new ownership.

More about Quisitive Technology Solutions

Quisitive Technology Solutions is a premier global partner of Microsoft, specializing in cloud and AI solutions. The company leverages the Microsoft cloud platform and artificial intelligence, alongside custom and proprietary technologies, to deliver transformative outcomes for enterprises across various industries, helping them to adopt, innovate, and thrive in the AI era.

YTD Price Performance: 3.95%

Average Trading Volume: 58,132

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $107.6M

For a thorough assessment of QUIS stock, go to TipRanks’ Stock Analysis page.