Yet another New Zealand technology firm has been snapped up by an overseas buyer.
Photo: 123rf
Cloud-based veterinary company ezyVet has been has been sold to Nasdaq-listed pet company IDEXX Laboratories for an undisclosed sum.
The ezyVet product provides vets and their customers with an online tool to monitor clinical records, manage calendars, calculate quotes and provide clinical summaries.
Founder and chief executive Hadleigh Bognuda said the company was looking forward to its future with IDEXX.
"We are thrilled to pair our industry-leading technology with IDEXX's scale and commitment to innovation," he said.
IDEXX chief executive Jaz Mazelsky said it had admired the way ezyVet enabled veterinarians to focus more on their patients.
"ezyVet is a truly impressive cloud-native software solution that continues to transform the industry and the software experience for veterinary practitioner."
Mazelsky said their growth had been very strong, but the true testament to what they had created was their industry-leading customer satisfaction.
The sale is the latest example of a local tech firm that has been snapped up by a big offshore buyer this year, with the likes of geoscience software developer Seequent, retail software company Vend, booking technology firm Timely and gaming developer Ninja Kiwi all being sold for huge sums.
In March, a market analyst said there was plenty of interest in New Zealand's technology start-ups because of the high level of talent and entrepreneurial culture, and further acquisitions were expected.
