Back in late May, Sprylogics International issued a press release on their intent to acquired Poynt who’s been suffering financial troubles for the last year, despite the growing user base for the mobile app. Today Sprylogics provided an update on the situation announced the acquisition is moving forward for close to $5 million and is schedule to close on July 31. Poynt had filed for bankruptcy protection back in July 2010.
oday, BDC Venture Capital announced that it is committing $1.5 million to 10 recent graduates of three Canadian technology accelerators, including, for the first time, two graduates of Launch36, an accelerator for Atlantic Canadian startups. This brings to 49 the number of accelerator graduates supported since BDC Venture Capital launched this program in mid-2011, totalling investments of $7.35 million.