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Kitchener startup acquired by a U-S company through a multi-million dollar agreement

The $108-million deal is still subject to changes before it closes in the first quarter of 2019
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bonfire
Photo courtesy of gobonfire.com

A major boost for a Kitchener start-up. 

Bonfire Interactive runs out of The Tannery and it's reached an agreement with US based GTY Technology Holdings.

They'll now be under the GTY umbrella as a government-focused software-as-a-service company. 

Bonfire says it will still continue to grow its local operations, which currently employs about 80 people.

"We're in the early stages of a monumental shift in how our governments and institutions harness the power of the cloud," Corry Flatt, CEO and co-founder of Bonfire, said in a news release. "Joining forces with these five companies under GTY is a major win for our clients and our staff. It puts Bonfire on an even more exciting trajectory toward our ultimate goal of powering trillions of dollars in spending decisions every year."

The $108-million (US) deal is still subject to changes before it closes in the first quarter of 2019.




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