Titan Cloud Software has announced that it has acquired Canary Compliance. The move is the latest in a series of growth milestones for Titan Cloud and will enable the company to expand its environmental compliance solutions for SMBs in the retail fuel industry, a company statement said.
“We are excited to welcome the Canary team to Titan Cloud,” said David Freese, CEO and Chief Product Officer for Titan Cloud. “They have a great product-market fit for operators with 1 to 5 sites, with an easy-to-use web app and managed connectivity solution. Given Titan’s success with the industry’s largest operators, adding Canary allows us to serve every owner/operator in the industry with best-in-class technology.”
Canary is currently led by founder and CEO Jon Kelly, who started the company in 2016 after several years at ExxonMobil. Following the acquisition, Kelly will be Senior Vice President at Titan Cloud driving growth into the SMB segment.
“We are thrilled to partner with Titan and M33 Growth,” said Kelly. “Their resources and go-to-market expertise will help us fulfill and even expand Canary’s mission, which is to help underground storage tank (UST) owners and operators achieve and maintain compliance in the most reliable and cost-effective way possible. It also helps us expand access to connectivity hardware and intelligent software products for a historically underserved market segment.”
“We are extremely excited to join forces with Canary. As we continue to accelerate our go-to-market momentum, Canary gives us significant reach across the retail SMB segment that we did not have before,” said John Donnelly III, Chief Revenue Officer for Titan Cloud.
Donnelly continued, “Our investors at M33 Growth have been great partners as we have continued our M&A strategy in 2021. This is our 3rd acquisition, and they continue to support our organic growth as we scale the business.”
Financial terms of the acquisition were not disclosed.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.