HarbourVest, TechnoCap sell more shares in newly public Kinaxis

Kinaxis Inc, a venture-backed company that went public in June, has launched a $45.9 million secondary offering on behalf of two investors. U.S. private equity firm HarbourVest Partners and Canadian venture capital firm TechnoCap will reduce their shares in the company to 8.7 percent and 13.8 percent of total issued and outstanding shares, respectively, as a result of the deal. HarbourVest and TechnoCap also sold shares at the time of the initial public offering. Based in Ottawa, Kinaxis is a provider of cloud-based subscription software.

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