What happened: Aquatic Informatics Inc. has acquired an American software firm
Why it matters: The acquisition allows Vancouver firm to expand its reach across North America
Vancouver’s Aquatic Informatics Inc. is expanding its pool of talent.
The software company known for water data management announced Wednesday (May 29) it’s acquired Florida-based Tokay Software.
Terms of the deal were not disclosed.
Tokay also specializes in water data management, with almost 1,000 utilities in North America using its software to prevent sewage, pesticides and heavy metals from contaminating drinking water.
“This acquisition furthers our company’s commitment to delivering trusted software solutions that help municipalities manage their water operations, ensure compliance, and improve efficiencies,” Aquatic Informatics CEO Ed Quilty said in a statement.
“Tokay is a natural extension of our platform. We are thrilled that Tokay will join us in our purpose to protect life with open and timely water information.”
While Aquatic Informatics’ primary American office is in Denver, the deal sees Tokay’s team remaining based in southern Florida.
