Vendasta acquires CalendarHero in a business transaction
Vendasta Acquires CalendarHero, Bolstering AI-Powered Scheduling Capabilities
In a significant move, Vendasta, a Saskatoon-based software firm specialising in a sales and marketing platform of digital business solutions, has completed the acquisition of CalendarHero, a Toronto-based software company focused on an AI-powered meeting and appointment scheduling platform.
The acquisition, which took place on October 26, 2021, marks a milestone in Vendasta's strategic growth plan. With over 100,000 CalendarHero users now part of the Vendasta ecosystem, the deal is expected to enhance Vendasta's capabilities in the AI-powered scheduling sector.
The terms of the acquisition have not been publicly disclosed. However, legal advisory for both CalendarHero and Vendasta was provided by Hoskin & Harcourt LLP. Justin Young, Jacob Young, Kelsey Armstrong, Lindsay Hofer, and Shaun Parker from Hoskin & Harcourt LLP led Vendasta's legal advisory, while David Jamieson, Aliza Zigler, and Shari Cohen from the same law firm led CalendarHero's legal advisory.
The transaction will allow for full platform integration between CalendarHero and Vendasta's CRM. This integration could potentially offer a smoother end-to-end client experience—from marketing outreach and customer interactions to automated meeting scheduling. However, specific details about the combined functionalities after the acquisition remain undisclosed at this time.
As Vendasta continues to expand its offerings, the acquisition of CalendarHero signifies a strategic move to strengthen its position in the digital marketing and sales solutions space for local businesses and agencies. With CalendarHero's AI-powered scheduling platform, Vendasta aims to streamline appointment booking and calendar management, providing a more seamless client experience.
Stay tuned for more updates as Vendasta and CalendarHero continue to integrate their platforms and services.
High growth companies like Vendasta are continuously seeking strategic acquisitions to bolster their capabilities in specific sectors, as demonstrated by the acquisition of CalendarHero, a technology-focused firm specializing in AI-powered scheduling. This deal is expected to facilitate the finance of Vendasta's high growth rate by expanding its business offerings in the digital marketing and sales solutions space for local businesses and agencies.
