Calian completes sale of U.S. commercial IT business to Trace3
Summary
Calian completed the sale of its U.S. commercial IT business to Trace3. The deal delivered about CAD $43 million in cash and transferred certain net liabilities of about CAD $17 million to the buyer. Calian said the transaction helps it sharpen its focus on its core mission-critical sectors. Trace3 adds the acquired business and its customer relationships to its technology solutions and digital transformation portfolio.
AskAI Classifications
Sectors
HealthTech
Public Sector and Non Profit
General Healthcare software
Functions
Developer and IT Infrastructure
Development Platforms
Workflow Orchestration
Linked Companies
Calian
$500M to $1B