Mediagrif to acquire VC-backed commerce platform Orckestra

Mediagrif Interactive Technologies Inc (TSX: MDF) has agreed to acquire substantially all of the assets of Orckestra Inc, a Montréal provider of digital unified and omnichannel commerce solutions for the retail and manufacturing industry. No financial terms were disclosed for the deal, which is expected to close this month. Mediagrif, a Canadian information technology business, said the acquisition will help it gain a footprint in the digital retail sector. Founded in 2006, Orckestra is backed by Fonds de solidarité FTQ, Fondaction CSN and W Investments. Including its Series B financing, closed in 2015, the company raised about $20 million.

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