because they had ready access to private capital at attractive valuations. Now, public markets are just as competitive, if not even more lucrative.scrapped plans to raise $30-million from private investors last year
Auvik made a name for itself selling network management and monitoring software to companies that oversee those networks for small- and medium-sized businesses. It expanded its capabilities during the pandemic as companies went remote, helping to reduce bottlenecks and disruptions from the increased use of virtual private networks.
The 275-person company has increasingly sold its products to corporations to help them guard against the theft of their digital assets. It has about 4,000 customers, split between law-enforcement agencies and companies.largest venture-capital investment ever by a Saskatchewan tech company in 2019