Bluedrop acquires ComVest-backed Atlantis Systems for $1 mln

Ottawa-based workplace training company Bluedrop Performance Learning Inc (TSX VENTURE:BPL) has agreed to buy Atlantis Systems Corp (NEX:AIQ.H) for $1 million through a plan of arrangement under the Canada Business Corporations Act. U.S. private equity firm ComVest Partners is the controlling shareholder of Atlantis, a Dartmouth, Nova Scotia-based provider of technical training solutions for the military, commercial aviation sectors and energy markets. ComVest made equity and debt investments in the company in 2011. In support of the acquisition deal, Bluedrop obtained $3 million in funding from Canadian specialty financial services firm Difference Capital Financial.

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