Novacap makes strategic investment in Syntax
Canadian private equity firm Novacap has made a strategic investment in Syntax, a Montréal-based provider of hardware, software and cloud technology solutions to Canadian and U.S. businesses. No financial terms were disclosed. Novacap made the investment via its fourth technology fund Novacap TMT IV, which raised $375 million in May 2014, and in partnership with Syntax's senior management. The company said the investment will accelerate the growth of its cloud offerings and allow it "to grow into a major player within the North American market.” Founded in 1972, Syntax is led by CEOs and Co-Presidents Ryan Etinson and Kenny Etinson.
6 July 2016•4 mins read
