Bonfire Interactive Acquired for $140 Million

Bonfire Interactive, a Waterloo Region startup whose software streamlines procurement for public and private institutions, will be acquired for US$108 million ($140 million CA) in an agreement announced today.

Based in Kitchener’s Lang Tannery complex, Bonfire will become part of U.S.-based GTY Technology Holdings and, under the GTY umbrella, merge with five other government-focused software-as-a-service companies “to form a new publicly traded company dedicated to the digital transformation of the public sector,” according to a news release.

LaBarge Weinstein acted for Bonfire with a team that included James Smith, Laura Venasse, Gisèle Salazar and Estelle Duez.

Read the press release.

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