Powervision develops electronic document management and workflow management software for multiple verticals, from finance to oil and gas, throughout Canada. Powervision has been a pioneer and a leader in such solutions in the Canadian energy industry since its founding in 1992. Cortex Business Solutions is a provider of network-as-a-service e-invoicing solutions to over 11,000 customers in the oil & gas, mining, manufacturing and sports & entertainment industries. The deal will combine Cortex's e-invoicing-as-a-service technology with the expanded workflow and document management solutions offering of Powervision.
From identifying the right acquirer and positioning our company to get their attention, to completing due diligence, Corum managed the M&A process carefully yet aggressively to get a deal done. Corum was there for us throughout this entire process and I wouldn't consider any M&A activity in the future without first seeking their assistance.