Quantum eMotion to acquire Plurilock for $34M CAD

Montréal-based Quantum eMotion is acquiring Victoria-based Plurilock for nearly $34 million CAD, split 30 percent cash and 70 percent QeM shares. Plurilock shareholders will vote on the deal in November, with the transaction expected to close shortly after. QeM CEO Francis Bellido will lead the combined company.

• Deal valued at nearly $34 million CAD: 30% cash, 70% QeM shares
• Plurilock adds a cybersecurity platform and government customer base
• Plurilock reported just over $21 million in revenue for the six months to June 30
• Plurilock shareholders will vote on the deal in November