Another New Zealand tech company has been taken over by a foreign buyer.
Cloud-based veterinary company ezyVet has been sold to Nasdaq-listed pet company IDEXX Laboratories for an undisclosed amount.
The ezyVet product provides veterinarians and their clients with an online tool to monitor clinical records, manage schedules, calculate quotes and provide clinical summaries.
Founder and CEO Hadleigh Bognuda said the company looks forward to its future with IDEXX.
“We are delighted to combine our cutting-edge technology with IDEXX’s scale and commitment to innovation,” he said.
IDEXX Managing Director Jaz Mazelsky said he admired the way ezyVet made it possible for vets 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 veterinarians.
Mazelsky said their growth has been very strong, but the real testament to what they have created is the satisfaction of their industry-leading customers.
The sale is the latest example of a local tech company that was acquired by a large offshore buyer this year, along with geoscience software developer Seequent, retail software company Vend, reservation technology company Timely and game developer Ninja Kiwi all sold for colossal sums.
In March, a market analyst said there was a lot of interest in New Zealand tech start-ups due to the high level of talent and entrepreneurial culture, and further acquisitions were expected.