Transaction values Quorum at approximately $60 million; Quorum shareholders to receive $0.80 per share in cash
Montreal, Canada – September 22, 2025 – Valsoft Corporation Inc. (“Valsoft”), a Montreal-based company specializing in the acquisition and development of vertical market software businesses, today announced that it has entered into a definitive arrangement agreement dated September 22, 2025 (the “Arrangement Agreement”) to acquire all of the issued and outstanding common shares of Quorum Information Technologies Inc. (TSX-V: QIS) (“Quorum”) for $0.80 per share in cash (the “Consideration”). The transaction (the “Transaction”), conducted by way of a statutory plan of arrangement under the Business Corporations Act (Alberta), is valued at approximately $60 million and is subject to shareholder and other customary approvals.
Quorum is a leading North American SaaS Software and Services provider delivering mission-critical enterprise solutions that automotive dealerships and Original Equipment Manufacturers (“OEMs”) rely on to run their businesses.
“Quorum has built an impressive reputation as a trusted technology partner to automotive dealerships and OEMs across North America. Their strong product portfolio, commitment to customer success, and innovative culture align perfectly with Valsoft’s long-term investment approach. We look forward to supporting the company in its next stage of growth while continuing to deliver exceptional value to customers,” said Antonino Piazza, Investment Partner at Valsoft.
“Valsoft is the ideal partner for Quorum because they invest and create value through long-term partnerships with management. This approach empowers our team to continue delivering for our customers with the same dedication and expertise they expect. With Valsoft’s support and resources, we’ll be able to innovate even faster. This partnership brings new opportunities for our employees and an even stronger focus on our customers’ success,” said Maury Marks, Chief Executive Officer of Quorum.
Transaction Highlights
- Attractive Consideration: Quorum shareholders will receive $0.80 per share in cash, representing a premium of approximately 14% to the closing price of Quorum’s shares on September 19, 2025, and approximately 12% to the 10-day volume-weighted average price.
- Certainty of Value and Liquidity: Immediate cash consideration provides Quorum shareholders with liquidity and certainty of value.
- Fairness Opinion: The Quorum board of directors and its special committee received a fairness opinion from TD Securities Inc. stating that the consideration is fair, from a financial point of view, to Quorum shareholders.
- Support for the Transaction: Officers, directors, and certain shareholders holding approximately 50% of Quorum’s outstanding shares have entered into agreements to vote in favour of the Transaction.
- Limited Conditions to Closing: Valsoft’s obligation to complete the Transaction is subject to a limited number of customary closing conditions, with no financing condition.
Transaction Summary
The Transaction will be subject to approval by at least two-thirds of votes cast by Quorum shareholders at a special meeting expected in November 2025, as well as Court approval and other customary consents. Closing is expected in Q4 2025, after which Quorum’s shares will be delisted from the TSX Venture Exchange and the company will cease to be a reporting issuer under Canadian securities laws.
Advisors
- To Quorum: TD Securities Inc. (financial advisor), McLeod Law LLP (legal advisor).
- To Valsoft: Blake, Cassels & Graydon LLP (legal advisor).
About Quorum Information Technologies Inc.
Quorum is a North American SaaS Software and Services company providing essential enterprise solutions that automotive dealerships and OEMs rely on for their operations, including:
- Dealership Management System (DMS): Automates, integrates, and streamlines key processes across dealership departments.
- DealerMine CRM: A CRM platform with Business Development Centre services that drive revenue in sales and service.
- Autovance: A modern retailing platform supporting digital retailing, desking, and F&I menu solutions.
- Accessible Accessories: A digital retailing platform enabling franchised dealerships to increase vehicle accessories revenue.
- VINN Automotive: An automotive marketplace simplifying vehicle research and purchases for shoppers.
About Valsoft
Valsoft acquires and develops vertical market software companies that deliver mission-critical solutions. A core tenet of Valsoft’s philosophy is to invest in established businesses and foster an entrepreneurial environment that helps them lead in their industries. Unlike private equity and venture capital firms, Valsoft has no predefined investment horizon, instead buying, holding, and creating value through long-term partnerships with management teams and customers. Learn more at www.valsoftcorp.com.
Media Contact:
Thierry Tardif
Communications and Public Relations
Valsoft Corporation
+1 514-799-6679
t.tardif@valsoftcorp.com