The Globe and Mail reports in its Wednesday, Dec. 6, edition that Workleap Technologies has bought its first company since raising $125-million from the Caisse de depot et placement du Quebec to pursue acquisitions. The Globe's Sean Silcoff writes that Workleap picked up Texas-based Pingboard, which makes software used by employees at 2,000 medium-sized companies to track workplace organization charts and connect with colleagues. Terms were not disclosed but an industry source said Workleap paid between $30-million and $60-million for Pingboard, which generates $10-million-plus in annual revenue. Workleap made its first deal early this year before the Caisse investment, buying a small Quebec City learning management system software provider. The company started as a typical for-hire software contractor, shifting to building its own products for business customers in 2009. It bet big on the cloud-based Microsoft 365 early on, building its own tool, called ShareGate, which it says is used by more than 75,000 information technology professionals to navigate the business software platform. Workleap is on track to grow revenues by more than 20 per cent this year.