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Quorum Information Technologies Announces Closing of Arrangement to be Acquired by Valsoft Corporation

Eugene Chen , Doug S. Ewens , Barrett Schultz , Ivana Palacios , Spencer T. Chimuk

December 10, 2025

“This transaction is an important step in Quorum’s evolution, and McLeod Law played a key role in getting us here. Their commercial insight and ability to keep the process moving were instrumental.” - Maury Marks, Chief Executive Officer, Quorum Information Technologies Inc.

“The McLeod Law team worked seamlessly with ours, helping us manage the financial and regulatory complexities of the transaction. Their practical approach helped us navigate challenges quickly and effectively, and we are grateful for their support.” — Marilyn Bown, Chief Financial Officer, Quorum Information Technologies Inc.

McLeod Law advised Quorum Information Technologies Inc. (TSX-V: QIS) on the successful closing of its previously announced statutory plan of arrangement under the Business Corporations Act (Alberta). Through this transaction, 2745122 Alberta Inc., an affiliate of Valsoft Corporation Inc., acquired all issued and outstanding common shares of Quorum for $0.80 per share in cash.

As part of the transaction, Quorum has applied to delist its common shares from the TSX Venture Exchange, with the delisting expected to occur in mid-December 2025, pending final approval from the TSX-V.

This transaction marks an important milestone for Quorum as it enters its next phase under new ownership. Valsoft’s model of investing through long-term partnerships with management aligns strongly with Quorum’s commitment to its customers. With Valsoft’s support and resources, Quorum is positioned to accelerate innovation, deepen its focus on customer success, and create new opportunities for its employees.

The McLeod Law team was led by Eugene Chen, with support from Laura Wynnyk and Ivana Palacios (Corporate), Spencer Chimuk (Employment & Litigation), and Doug Ewens KC and Barrett Schultz (Tax).

Read the company’s full announcement here.

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