04:58 PM EDT, 10/11/2024 (MT Newswires) -- Pender Growth Fund Inc. ( PNDDF ) on Friday completed acquisition of four technology companies from Pluribus Technologies Corp. ( PLRBF ) .

A statement noted the acquisition is being made by a majority owned subsidiary, to be named Pender Software Holdings Ltd., held approximately 85% by Pender and 15% by Acorn Partners Inc.

The total cash consideration for the transaction is C$17.0 million, subject to working capital adjustments, performance and other customary holdbacks. All four companies are currently cash flow positive, the statement said.