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About Quisitive
Industries
Consulting
Enterprise Software
Fintech
Healthcare
Company Size
501-1,000
Company Stage
IPO
Headquarters
Irving, Texas
Founded
2011
Overview
Quisitive provides technology services that help businesses improve their operations, particularly in the healthcare and payment processing sectors. Their offerings include cloud solutions, application development, and business applications. One of their key products, MazikCare, is designed to enhance operations within the healthcare industry, while their payment solutions help merchants engage customers more effectively by transforming transaction data into actionable insights. Quisitive stands out from competitors by focusing on specific industries and leveraging their expertise in Microsoft cloud platforms, especially after acquiring Catapult Systems. The company's goal is to empower enterprises to reach new levels of success through tailored technology solutions.
Simplify's Take
What believers are saying
- H.I.G. Capital's acquisition provides resources for market position enhancement and service expansion.
- Growing demand for AI-driven healthcare solutions aligns with Quisitive's MazikCare copilot launch.
- Global payment processing market growth benefits Quisitive's payment solutions segment.
What critics are saying
- Increased competition from Cerner and Epic Systems in AI-driven healthcare solutions.
- Potential operational inefficiencies from integrating Catapult Systems' capabilities with Quisitive.
- Delisting from TSX Venture Exchange may impact future capital raising efforts.
What makes Quisitive unique
- Quisitive offers specialized cloud solutions for healthcare and payment processing industries.
- MazikCare enhances healthcare operations, streamlining workflows and reducing administrative burdens.
- Acquisition of Catapult Systems strengthens Quisitive's Microsoft cloud platform capabilities.
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Funding
Total Funding
$274.1M
Above
Industry Average
Funded Over
4 Rounds
Benefits
Remote Work Options
Company News
SAN FRANCISCO, March 11, 2025 /PRNewswire/ - H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $67 billion of capital under management, is pleased to announce that one of its affiliates has completed the acquisition of Quisitive Technology Solutions Inc. ("Quisitive" or the "Company"), a Microsoft Cloud and AI solutions provider.
H.I.G. Capital has completed its acquisition of Quisitive Technology Solutions, Inc. for C$0.57 per share in cash. The transaction was approved by the Supreme Court of British Columbia on March 4, 2025. Quisitive's shares will be delisted from the TSX Venture Exchange after March 12, 2025. The company will apply to cease being a reporting issuer under Canadian securities laws. Further details are available in the management information circular on SEDAR+.
H.I.G. Capital's acquisition of Quisitive Technology Solutions Inc. marks strategic growth opportunity.
Quisitive Technology Solutions Inc. shareholders approved the acquisition by H.I.G. Capital, with 98.55% and 98.29% of votes in favor. Shareholders will receive C$0.57 per share, except for rollover shareholders. The final court approval is expected on March 4, 2025, with the deal closing around March 11, 2025. A total of 223,102,791 votes were cast, representing 80.50% of outstanding shares. Further details are in the management information circular dated January 28, 2025.
Quisitive announced the filing and mailing of its management information circular for a special shareholder meeting to approve its acquisition by H.I.G. Capital. The meeting is set for February 28, 2025. Shareholders will receive C$0.57 per share, a 57.1% premium to the 20-day average price as of December 31, 2024. The board recommends voting in favor of the arrangement, resulting from a strategic review and extensive sale process.
Quisitive is Hiring for 4 Jobs on Simplify!
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About Quisitive
Industries
Consulting
Enterprise Software
Fintech
Healthcare
Company Size
501-1,000
Company Stage
IPO
Headquarters
Irving, Texas
Founded
2011
Quisitive is Hiring for 4 Jobs on Simplify!
Find jobs on Simplify and start your career today