Monitor Clipper Partners' Kanetix acquires Rates.ca
Kanetix Ltd, a portfolio company of U.S. private equity firm Monitor Clipper Partners, has bought Rates.ca, a Canadian financial services and insurance rate comparison platform. The financial terms of the deal, which was closed in late January, were not released. Rates.ca was sold by VerticalScope Inc. Kanetix, a Toronto-based provider of online quoting technology, said the acquisition broadens its reach and strengthens its position in the domestic market. Founded in 1999, the company was acquired by Monitor Clipper Partners in September 2011.
3 February 2015•2 mins read
