Canarys Automations Limited has made a bold move to strengthen its global footprint. The company has announced the acquisition of a majority stake in Fortira Inc., marking a significant step in its international growth strategy. This development signals robust ambitions for the North American technology market.
Canarys Automations Acquires Majority Stake in Fortira Inc.
On April 15, 2025, Canarys Automations Limited completed the purchase of a 51% stake in New Jersey-based Fortira Inc. Fortira specializes in Artificial Intelligence (AI), Machine Learning (ML), and data-driven solutions. This acquisition was valued at USD 5 million and completed using IPO proceeds, promoter contributions, and internal accruals. Notably, Canarys has kept its capital structure debt-free as a mark of financial prudence.
Expansion Accelerates North American Market Penetration
By acquiring Fortira, Canarys Automations gains a strong entry point into the North American market. Fortira’s founders, with over 15 years of experience, have built solid relationships in BFSI, healthcare, and pharmaceutical sectors. According to Canarys CEO Sheshadri Srinivas, this alignment will allow Canarys to accelerate its presence and deliver technology solutions to a broader audience in the U.S. The company also plans to acquire the remaining 49% stake in Fortira over the next three years, securing its long-term investment.
Strengthening Global Digital Transformation Capabilities
This acquisition supports Canarys’s vision to be a leading global provider of digital transformation and technology solutions. The partnership enhances Canarys’s strengths in AI, ML, and data technologies while expanding its service offerings. The combined expertise of both companies aims to deliver innovative and value-driven digital services worldwide, benefiting enterprise clients across various industries.
In summary, Canarys Automations Limited’s strategic acquisition of Fortira Inc. positions the company for growth in the North American digital solutions market. This move enhances its capabilities and reinforces its commitment to driving digital transformation for clients globally.
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