On February 13, 2023, Valsoft Corporation Inc., a Montreal-based acquirer and developer of vertical market software companies, acquired Kivuto Solutions Inc., a North American provider of digital educational content and software management solutions. The transaction, announced on February 10, 2023, strengthens Valsoft's education portfolio, adding to its existing businesses, SARS Software and ScholarChip.

Kivuto has built a 25-year legacy working with major software vendors and publishers to provide academic digital asset distribution and management solutions for Higher Ed and K-12 institutions globally. Its services include academic software management, digital bookstores, and library platforms.

Valsoft's CEO, Sam Youssef, and Aspire's CEO, Michael Assi, emphasized Kivuto’s strong industry presence and growth potential. Kivuto's CEO, Mark McKenzie, noted that the partnership positions the company for its next growth phase amid increasing digital education needs.

Valsoft was represented internally by David Felicissimo, General Counsel, and Shinjay (Ssin) Choi, Senior Legal Counsel. Externally, Valsoft's legal counsel included John Leopardi and Christopher Keliher from Blake, Cassels & Graydon LLP. Kivuto was represented by Matthew Marchand from BDO Canada Limited, as its court-appointed Receiver. The Toronto-Dominion Bank, a creditor, was represented by Dylan Chochla from Fasken and Tim Duncan from Fogler, Rubinoff LLP.

The transaction value was not disclosed.