The amount of the transaction was not disclosed.
Following the acquisition, which is designed to continue Wave’s growth and development strategy, Vuru co-founders Yoseph West and Cameron Howieson will join the company’s team in Toronto.
Vuru provides free online tools that make sense of complex financial reports for self-directed investors. The technology performs thousands of hours of financial analysis in seconds, and provides the insights into clear reports that show users what they need to know to make well-informed investment decisions.
In the future, Vuru and Wave will continue to operate as independent products.