NEWS15 March 2012

Shareholders approve $3m iPerceptions takeover

M&A North America

CANADA— iPerceptions shareholders have approved the sale of the online customer satisfaction and experience measurement firm to capital fund XPND.

The $3m all-cash deal was agreed at the end of January and given the green light by 99% of shareholders at a special meeting in Montreal yesterday.

The firm will continue to operate as iPerceptions once the deal is completed tomorrow and there will be “no significant changes” in the company’s strategic direction, management or operations, according to a statement.

XPND managing director Alexandre Taillefer said: “We can look forward to our new partnership with iPerceptions and are very excited about what we can achieve together.”