decor decor
"The only place success comes before work is in the dictionary."

-Vince Lombardi

September 02,2015

Compugen Reportedly Acquires Metafore

martinwolf Transaction Analysis  
Financial Information* 
  • Compugen 2014 Revenue Range: $400 – 450M CAD
  • Metafore 2014 Revenue Range: $225 – 250M CAD
Transaction Facts
  • Canadian IT solution provider Compugen has entered into an agreement to acquire fellow IT solution provider Metafore from Hartco, Inc., according to an article in CDN.
  • A source close to the deal said regulatory requirements remained before the transaction can be closed.
  • Both companies are prominent Canadian IT solution providers, and have been recognized in CDN’s Top 100 Solution Providers listing. In the most recent list, Compugen was ranked at #3, while Metafore was ranked at #8. CDN estimates that the combined company will have revenues of $650-700M CAD in the Canadian market.
Who’s the Best Owner of Your Assets?
  • The Latest Divestment for Hartco: In recent years, Hartco, parent company of Metafore,  has been working to divest multiple assets. In June 2014, the company sold its franchise network MicroAge to TMN Systems in order to concentrate on the commercial segment of its business. Previously, in late 2013, the company announced a strategic partnership with Tech Data Canada to hand over its distribution business. 
  • A Big Year for Solution Provider M&A: 2015 has seen many high profile consolidations in the solution provider space. In July, Toronto-based Scalar Decisions Inc. and Calgary-based Mainland Information Systems Ltd., both also CDN Top 100 solution providers, confirmed a merger agreement. In August, CDW announced that it completed its acquisition of UK-based solution provider Kelway.
  • Smart Leadership Leads To Success: According to the media report, this deal was arranged by Hartco chairman Harry Hart and Compugen CEO Harry Zarek. Zarek, interviewed by martinwolf for last year’s September issue of Executive Perspective, has been a leader in repositioning Compugen to emphasize its services – and later cloud – capabilities.
For more information about this transaction, click here to read the media report in CDN. martinwolf was not the advisor in this transaction.
*Financial information not disclosed. Revenue estimates are from

 CDN’s Top 100 List.

previous post Back to Articles next post

31 Jan 2023

Rising Interest Rates Chill Private Equity Pace

After a year of strength on the private equity front, 2022 is now in the rearview mirror and industry professionals anticipate a downgrade in performance for the coming year.   Despite the fluctuations of the past few years, private equity has withstood the challenges relatively well. However, in certain areas such as exit activity and...

18 Jan 2023

IT Industry Titan John McKenna Announces Retirement 

Congratulations to John McKenna, CEO of ConvergeOne, who announced his retirement today after 14 years at the helm. John has been an integral part of the IT industry for more than 30 years, and his leadership, dedication, and hard work have set the gold standard as a titan in our industry.   John’s tenure at...

21 Dec 2022

Happy Holidays – The 2022 martinwolf Annual Letter

View a pdf of this letter here.    Dear Clients, Partners, and Friends, It’s hard to believe we are closing the books on our 25th year in business. Looking back at our extraordinary colleagues past and present, hundreds of clients, and a global network of buyers and friends, I want to start this year’s letter...