Ontario Teachers'-owned Kanetix buys RateSpy, intelliMortgage

Kanetix Ltd has acquired RateSpy.com, a Toronto-based online provider of mortgage rate comparisons and news, and intelliMortgage Inc, a Toronto-based digital mortgage broker. No financial terms were disclosed. Kanetix, a Toronto-based digital customer acquisition platform for insurance and financial services, said the two companies joined other brands forming its online rate comparison marketplace. Established in 1999, Kanetix was acquired last year by Ontario Teachers' Pension Plan. The primary seller was U.S. private equity firm Monitor Clipper Partners, which bought the business in 2011.

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