On August 1, 2019, Volaris Group Inc., an operating group of Constellation Software Inc., announced that it had acquired Strategic Information Technology Limited (“SIT”) based in Stouffville, Canada. As part of the acquisition, SIT has been officially renamed to Portfolio+ Inc. to better align with its customers, market and solutions.
Portfolio+ connects financial institutions with customers and partners using innovative technologies. Its banking software & digital financial solutions are widely used by financial institutions and represents Volaris’ third company in the Banking and Credit Union vertical.
Cassels Brock acted for Volaris with a team led by Jake Bullen and Nicola Geary and including Xi Chen, Marco Ciarlariello and Michael Britton (M&A), Andrew Reback (Tax) and Chandimal Nicholas (Intellectual Property).