November was a huge month in for the Vancouver Tech ecosystem and our site traffic reflected that.
Not one, not two, but three acquisitions in the gaming space surprised everyone with $250+ million dollars flooding into the market as global players continue to add independent studios to their IP portfolios.
Vancouver was also named the top-growth tech city in North America by CBRE and this was reflected in eleven companies being named to Deloitte’s Technology Fast 50 list for 2020.
Here are November 2020’s five most popular articles.
Embracer, through its subsidiary DECA Games, acquired gaming studio A Thinking Ape. Founded in 2008, A Thinking Ape develops mobile Free-to-Play (FTP) games with a social core. “We’re extremely excited to be joining the ranks of entrepreneurs at the Embracer Group today. Alongside our colleagues at IUGO, this marks the beginning of an enduring mobile free-to-play business in the Vancouver ecosystem,” CEO Kenshi Arasaki told Techcouver.
Vancouver has ranked first in North America for high-tech software job growth. According to the 2020 CBRE North America Tech-30 report, Vancouver leads the 30 top tech markets in the US and Canada, with a growth rate of 29.2% over the past two years.
Enad Global 7 (EG7) has agreed to acquire Vancouver’s Piranha Games for $31.4 million paid two-thirds in cash and one-third in newly issued EG7 shares. If targets are hit by the end of 2025, EG7 has agreed to pay out an additional $63.4 million split equally between cash and shares. Established in 2000 as a work-for-hire studio, Piranha Games is one of Canada’s oldest independent game developers.
Vancouver-headquartered health data platform MacroHealth raised a $54 million Series A funding round and announced plans to hire for 30+ technical roles in Vancouver in 2020. MacroHealth’s platform helps large healthcare payer organizations find the best provider networks for their members.
Deloitte Canada has announced this year’s winners of the Technology Fast 50, Companies-to-Watch, and Enterprise Fast 15 awards, recognizing the world-class achievements of the best in tech companies across Canada for the 23rd year. This year’s average three-year growth of the Fast 50 winners is up at 2,144 per cent, compared to 1,689 per cent last year.