eResearch Releases Industry Report on M&A-Focused Companies in the Canadian ICT Industry

December 27, 2023 -

A 22-page Industry Report titled “Roll-Up Strategies in the Canadian ICT Industry: Your Guide to Understanding and Investing in M&A-Focused Public Companies” has recently been published by eResearch Corp. (

Key Highlights of the Report:

- An overview of the Mergers & Acquisitions (M&A) roll-up strategy within the ICT industry, emphasizing the consolidation of businesses to enhance efficiency and competitiveness.

- The resilience of the global ICT industry amidst the COVID-19 pandemic, with an estimated worldwide ICT spending of US$4.8 trillion in 2023.

- The growth of Canada's robust ICT sector is expected to reach C$270 billion in revenues in 2023.

- Post-COVID-19, M&A activity in Canada initially saw a resurgence. However, early 2023 experienced a dip in M&A deal value due to economic uncertainties, with a subsequent improvement observed in the second half of 2023.

The free report also provides an analysis of the Information and Communication Technology (ICT) industry, highlighting the key components such as cybersecurity, data management, and telecommunications. It also examines the evolution of the industry from the 1980s to the present, underlining the transformative innovations and technological advancements that have shaped the sector.

The ICT industry encompasses various technologies and services related to information processing, communication, and data management. It plays a crucial role in modern society and business, driving innovation, and enabling the exchange of information globally. Core sectors of the ICT industry include cybersecurity, data management, digital media, electronics, hardware, internet services, IT services, networking, software, and telecommunications.

The report covers 11 Canadian public companies employing M&A strategies, with a focus on Ciscom Corp. (CSE: CISC).

Ciscom is a recently-listed, Canadian-based company that acquires and manages companies with a focus on the ICT sector. The company aims to accelerate its growth and realize the synergies of its portfolio companies, which primarily focus on technology-driven advertising, content management, document processing, and marketing solutions.

Other public companies featured in the report include CGI Inc. (TSX: GIB.A | NYSE: GIB ), Constellation Software Inc. (TSX: CSU | OTC: CNSWF), Converge Technology Solutions Corp. (TSX: CTS | OTC: CTSDF), Descartes Systems Group Inc. (TSX: DSG | NASDAQ: DSGX), Docebo Inc. (TSX: DCBO | NASDAQ: DCBO), Dye & Durham Ltd. (TSX: DND | OTC: DYNDF), Enghouse Systems Ltd. (TSX: ENGH | FSE:3E4 | OTC: EGHSF), Kinaxis Inc. (TSX: KXS | FSE: 9KX | OTC: KSXCF), Lightspeed Commerce Inc. (TSX: LSPD | NYSE: LSPD), and Open Text Corp. (TSX: OTEX | NASDAQ: OTEX).

Christopher P. Thompson, Director of Research at eResearch, commented, “Various companies in the Canadian market focus on an M&A roll-up strategy, concentrating their efforts within the ICT industry. There is a potential for increased M&A activity influenced by technological demands and the aging demographic of Canadian entrepreneurs.

To download the free 22-page Canadian M&A ICT Industry Report, please visit eResearch's website (

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