Tandem Expansion

Tandem Expansion is a growth equity investment firm based in Montreal, Canada, established in 2009. The company specializes in making substantial minority investments in Canadian technology firms that demonstrate promising commercial potential and a distinct value proposition. Tandem focuses on sectors such as information technology, clean technology, energy and resource technology, advanced materials, and life sciences. In addition to providing capital, the team at Tandem leverages its extensive experience in building companies, its global relationships, and its proven ability to create value to actively support portfolio companies. This comprehensive approach aims to foster growth and innovation within the Canadian technology landscape.

David Bookbinder

Managing Partner

Christophe Bourque

Senior Associate

17 past transactions

Coveo

Series D in 2015
Coveo designs intelligent enterprise search and predictive insights platform that helps businesses to unlock the power of search to maximize performance. Its platform securely connects and unifies information from across on-premise and cloud applications and automatically suggests relevant information, experts, products, and services to customers as they self-serve and to employees as they work, enabling businesses to harness the full value of their IP and empower their workers with the unified and secure knowledge access.

Averna Technologies

Acquisition in 2015
Averna is a premier manufacturing solution provider for communications and electronics device-makers worldwide, helping them deliver a better end-user customer experience. Key Averna clients in the communications, aerospace, defense, automotive, consumer electronics, and medical-device industries use Proligent, RF Test instruments, and other test solutions to accelerate product development, reduce manufacturing costs, achieve superior quality throughout the lifecycle, and solve critical supply-chain issues. Averna has offices around the world as well as a network of partners such as JOT Automation, Keysight Technologies, and National Instruments. Incorporated in 1999, Averna is a Best in Test award winner and has been honored as one of the Deloitte Fast 500 fastest-growing technology companies in North America.

Anaergia

Private Equity Round in 2013
Anaergia Inc. is a company based in Burlington, Canada, that specializes in generating renewable energy from biogas through advanced anaerobic digestion of organic waste from municipal, agricultural, and industrial sources. The company’s offerings include technologies for producing clean energy, fertilizers, and recycled water, as well as municipal wastewater solutions and services for waste diversion and renewable natural gas applications. Anaergia operates through three main segments: Capital Sales, Services, and Build, Own, and Operate Projects, with the Capital Sales segment generating the majority of its revenue from the sale of proprietary technology solutions to municipalities, private entities, and project developers. The company's solutions are implemented in resource recovery facilities globally, with a presence in North America, Europe, and Asia.

Lithion Power Group

Venture Round in 2013
Lithion Power Group is an integrated oil and gas service company with a product base uniquely geared to support the constantly changing drilling environment. Our focus is to increase efficiencies for our customers by integrating tools from the drilling rig to the drill bit.

Coveo

Series C in 2012
Coveo designs intelligent enterprise search and predictive insights platform that helps businesses to unlock the power of search to maximize performance. Its platform securely connects and unifies information from across on-premise and cloud applications and automatically suggests relevant information, experts, products, and services to customers as they self-serve and to employees as they work, enabling businesses to harness the full value of their IP and empower their workers with the unified and secure knowledge access.

Acquisio

Private Equity Round in 2012
Acquisio specializes in providing performance marketing solutions tailored for local businesses and the agencies that support them. The company offers a cloud-based platform that integrates a powerful programmatic engine, allowing digital marketers to optimize search campaigns and manage social, mobile, and display initiatives through a single, user-friendly dashboard. Acquisio's automated system handles a significant portion of the workload, enabling users to focus on data analysis and campaign enhancement. The company prides itself on its exceptional support team, which includes Account Managers and Analysts, ensuring users maintain control over their marketing strategies while maximizing efficiency. With a client base of over 500 agencies and more than 25,000 advertisers, Acquisio has earned recognition as one of North America's fastest-growing companies, receiving multiple awards for its technological achievements. Headquartered in Montreal, Acquisio also has offices in New York, Seattle, London, and Japan.

Blueprint Software Systems

Venture Round in 2012
Blueprint provides industry-leading software solutions that help large organizations build better business applications. Our products – Blueprint Storyteller and Blueprint Regulatory Compliance Manager – resolve many of the time-consuming, costly, and error- prone functions that challenge IT organizations. Our products sit at the front of the toolchain, ensuring alignment of business and IT stakeholders. We’ve created closed loop solutions that drive innovation and collaboration, ensure regulatory compliance, and protect the business value of products from definition to delivery. More than half of all Fortune 100 companies across the globe have chosen Blueprint to automate their most complex digital transformation challenges. For more information, please visit http://www.blueprintsys.com/.

Cirba

Series C in 2012
Cirba was a provider of VMware optimization software and was acquired by Broadcom

Beyond the Rack

Series B in 2011
Beyond the Rack is a Montreal-based online shopping platform that functions as a private shopping club, offering exclusive deals on a wide range of products including apparel, accessories, fragrances, home goods, and electronics. With approximately 15 million active members in Canada and the United States, the platform features flash sales that provide discounts of up to 80% on designer and fast fashion items, all without a retail middleman. The company collaborates with over 3,000 brands to host 15-25 sales daily, which typically last between 48 to 72 hours or until items sell out. Membership is free and can be obtained through the website, promotional partners, or referrals from existing members. Beyond the Rack is recognized for its responsive customer service and efficient shipping, contributing to its reputation as a leading online retailer in the fashion industry.

Acquisio

Series B in 2011
Acquisio specializes in providing performance marketing solutions tailored for local businesses and the agencies that support them. The company offers a cloud-based platform that integrates a powerful programmatic engine, allowing digital marketers to optimize search campaigns and manage social, mobile, and display initiatives through a single, user-friendly dashboard. Acquisio's automated system handles a significant portion of the workload, enabling users to focus on data analysis and campaign enhancement. The company prides itself on its exceptional support team, which includes Account Managers and Analysts, ensuring users maintain control over their marketing strategies while maximizing efficiency. With a client base of over 500 agencies and more than 25,000 advertisers, Acquisio has earned recognition as one of North America's fastest-growing companies, receiving multiple awards for its technological achievements. Headquartered in Montreal, Acquisio also has offices in New York, Seattle, London, and Japan.

Solace

Venture Round in 2010
Solace helps large enterprises become modern and real-time by giving them everything they need to make their business operations and customer interactions event-driven. With PubSub+, the market’s first and only event management platform, the company provides a comprehensive way to create, document, discover, and stream events from where they are produced to where they need to be consumed—securely, reliably, quickly, and guaranteed.

Storage Appliance Corporation

Series C in 2010
Storage Appliance Corporation is a leading developer of consumer backup software marketed as [Clickfree](/organization/clickfree)™. Clickfree™ Automatic Backup is the world's first technology that performs backup by simply connecting any storage device to the PC, without having to set up or configure software.

Delta-Q Technologies

Venture Round in 2010
Delta-Q Technologies Corp. is a manufacturer of power conversion and management solutions, specializing in battery chargers for lead-acid and lithium-ion batteries. The company develops high-frequency battery chargers that enhance battery life, optimize uptime, and lower ownership costs. Its product range includes HF/PFC battery chargers, integrated DC-DC converters, and power conversion equipment for various applications, such as material handling equipment, electric vehicles, scooters, and industrial machines. Serving manufacturers in sectors like agriculture, construction, and mobile robotics, Delta-Q's products are utilized in over 1.6 million electric vehicles and industrial machines globally. The company operates through a network of distributors across Canada, the United States, Europe, and parts of Asia, and is headquartered in Burnaby, Canada. Founded in 1999, Delta-Q Technologies operates as a subsidiary of ZAPI S.p.A.

NGRAIN

Venture Round in 2007
NGRAIN is a technology company based in Vancouver, Canada, specializing in interactive 3D visualization and authoring tools. Its platform enables users to create rich, interactive 3D applications and simulations without requiring coding skills. The NGRAIN Constructor SDK allows developers to leverage the capabilities of voxels for immersive experiences, while NGRAIN Producer Pro and the Production Suite are tailored for 3D artists and instructional designers to deliver engaging content for training and education. The company's technologies support a range of applications across desktops, online platforms, mobile devices, and augmented reality environments. Additionally, NGRAIN's platform integrates enterprise 3D assets and data to enhance operational intelligence and decision-making, thereby improving the performance of both personnel and machinery within organizations.

Solace

Series C in 2006
Solace helps large enterprises become modern and real-time by giving them everything they need to make their business operations and customer interactions event-driven. With PubSub+, the market’s first and only event management platform, the company provides a comprehensive way to create, document, discover, and stream events from where they are produced to where they need to be consumed—securely, reliably, quickly, and guaranteed.
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