An Ottawa-based project management consulting company is buying an Ontario IT services firm for $1.5 million, according to its owners.
Somos Consulting Group is making the purchase of North Bay-based Stroma Service Consulting on behalf of its parent firm, Toronto-based Smart Employee Benefits.
Somos and Stroma previously won several contracts as joint venture partners, including a government health project in Ottawa, said Mark Sherry, Stroma’s chief financial officer, in a statement.
Several other joint bids are in the works, he said, including an e-health initiative in Western Canada.
This is Somos’s second acquisition in October. Earlier this month, it purchased Ottawa-based Antian Professional Services for $850,000.