AVS, tech company in Vernon, BC acquired for $45 million

AVS Systems Inc, of Vernon, BC, has just been acquired for $45 million by Information Services Corp (a publicly traded company, based in Saskatchewan).

The deal $45 million in total. $25 million up-front with a possible $20 million earn out over the next 13 months.

AVS has been operating since 2002, and has built software that allows users to do searches on PPSA, land title, registries, and corporate records.

(Press release)