Private equity firm Capficiency has acquired KWizCom Corporation, a Microsoft SharePoint applications developer. Financial terms of the deal were not disclosed.
This is technology M&A deal number 192 that ChannelE2E has covered so far in 2022. See more than 1,000 technology M&A deals for 2022, 2021 and 2020 listed here.
Capficiency Acquires SharePoint Partner KWizCom
The acquisition will expand Capficiency’s portfolio of IT companies. In 2018, the firm also invested in Toronto-based IT consulting company Appficiency. The two businesses will help Capficiency enhance its “commitment to serve clients by helping them respond to complex business issues and/or evolving service needs and opportunities with innovative technology solutions,” the company said.
Established in 2005 and headquartered in Toronto, KWizCom Corporation specializes in developing productivity add-on apps for Microsoft SharePoint.
Capficiency, which was founded in 2018, will continue to actively pursue and respond to merger, acquisition and alliance opportunities that bolster Appficiency's and KWizCom's capabilities, the firm announced.
Capficiency Acquires KWizCom: A Foundational Step
Michael Diep, managing partner, Capficiency, commented:
"The KWizCom acquisition is another foundational step in our vision of building a global end-to-end services organization to help growing companies enhance and transform their technology infrastructure to scale and thrive. We are very excited to work with the founders of KWizCom to further enhance an already successful business to expand into new technologies, industries, and geographies."
