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John Sicard, CEO of Kinaxis, the presenting sponsor of the 5th Annual Capital Music Awards, and his wife, Pina Sicard, far left, at the Bronson Centre on Thursday, May 16, 2024, with Canadian Live Music Association president and CEO Erin Benjamin and Melanie Brulée, executive director of the Ottawa Music Industry Coalition. Photo by Caroline Phillips

Business leaders gather for preshow mixer at Capital Music Awards

You know it’s going to be a memorable night when there’s a dancing unicorn at the preshow mixer for the 5th Annual Capital Music Awards,

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Kanata-based Fidus Systems is poised for aggressive expansion after agreeing to sell a majority stake to New York private equity firm Catchment Capital. While financial terms remain undisclosed, the company says the deal provides the “rocket fuel” needed to pursue strategic acquisitions and accelerate R&D.

Fidus, a designer of complex embedded components for sectors like aerospace and autonomous vehicles, will retain its local headquarters and executive team. The partnership offers the capital to scale the 200-person company’s already rapid revenue growth while preserving its culture, emphasizing that operations remain unchanged ‒ just with deeper pockets for future innovation.

In this special episode of Techopia Live, OBJ publisher Michael Curran talks with Scott Turnbull, chief technology officer of Fidus Systems, about the company’s new majority owner and what it might mean for its future.

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Visit https://obj.ca/techopia for regular updates on Ottawa’s technology sector.

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Techopia Live: Fidus gets new majority owner to pursue aggressive growth plan | Episode 292

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