Pivotree Inc. Completes IPO

Goodmans LLP acted for a syndicate of underwriters led by Canaccord Genuity Corp. in connection with Pivotree Inc.’s initial public offering and listing on the TSX Venture Exchange.
Pursuant to the Offering, Pivotree issued 7,059,000 common shares at a price of $8.50 per share for total gross proceeds of $60,001,500. Pivotree will use the net proceeds from the Offering to fund strategic acquisitions and to strengthen its balance sheet to pursue organic growth strategies and other initiatives.

The Common Shares are listed on the TSX Venture Exchange under the symbol “PVT”. Pivotree is a leading global commerce and MDM (mobile device management) services provider.