Narbe Alexandrian, a former OMERS Ventures and RIV Capital executive, is leading Toronto’s Define Capital in acquiring profitable SaaS and B2B software firms. Define, with a recent $20 million CAD raise, aims to consolidate the fragmented software market. The fund will focus on optimizing and long-term holding of niche software companies.
Alexandrian’s strategy, inspired by Constellation Software, targets businesses with a strong track record and untapped growth potential. Define’s first acquisitions include two municipal government software firms. This approach, emphasizing operational efficiency and cloud-based solutions, seeks to unlock the potential of smaller, mission-critical software providers.
Want to know more? Check out the source code on BetaKit.