Crosbie Report - Q3 2017 Merger and Acquisitions in Canada

Is it time for Information Technology to attract investment attention?

Crosbie Company Inc., released their Q3 2017 Report on M and A activity in Canada last week. While information technology was not the primary story, one little paragraph in the report caught our attention:

"Information Technology and Utilities also experienced

increases in activity during the quarter, increasing 12% and

80% (from 10 to 18) over the same quarter last year,

respectively."

Innovators developing Information Technology in Alberta cannot be criticized for wondering when capital would be available for the applications and technology they wish to bring forward.

The Alberta Government program to provide Investment Tax Credits (AITC) awaits eligible investors, reducing their risk with a 30% Tax Credit to attract new capital. Recently Urban Animal Corporation received approval to raise C$2.65 million under this program. Perhaps the timing will be right for things to now move forward.

A big Thank You to Richard Betsalel, Managing Director of Crosbie for sharing the merger and acquisition information with us.