Emerging and High Growth Companies

Dessa in its acquisition by Square

Dessa
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
Jeremy Lin

Associate, Emerging and High Growth Companies, Toronto

Dov Begun

Partner, Tax, Toronto

Steven Dickie

Partner, Employment and Labour, Toronto

Justin Dharamdial

Partner, Emerging and High Growth Companies, Toronto

Michael Grantmyre

Partner, Emerging and High Growth Companies, Calgary

Sahil Chopra

Associate, Emerging and High Growth Companies, Toronto

Summer Danakas

Associate, Employment and Labour, Toronto

 

On February 7, 2020, Dessa, a Canadian computer applications company, announced its acquisition by Square, a mobile payment company based in California. The acquisition of Dessa will further improve Square's machine learning abilities as it looks to improve its products. Square plans to use machine learning to enhance products in areas like customer engagement, risk management, and more. The company also plans to continue hiring machine learning and AI talent to support both the Dessa team and its own product teams.

Square markets several software and hardware payment products and has expanded into small business services, while Dessa creates machine learning applications that address significant real-world challenges for all types of business.

Osler, Hoskin & Harcourt LLP advised Dessa with a team consisting of Chad Bayne, Justin Dharamdial, Michael Grantmyre, Jeremy Lin, Sahil Chopra (Emerging and High Growth Companies), Dov Begun (Tax), Steven Dickie and Summer Danakas (Employment & Labour).

Value
-
Date Closed
February 7, 2020
Lead Office
Toronto
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
Jeremy Lin

Associate, Emerging and High Growth Companies, Toronto

Dov Begun

Partner, Tax, Toronto

Steven Dickie

Partner, Employment and Labour, Toronto

Justin Dharamdial

Partner, Emerging and High Growth Companies, Toronto

Michael Grantmyre

Partner, Emerging and High Growth Companies, Calgary

Sahil Chopra

Associate, Emerging and High Growth Companies, Toronto

Summer Danakas

Associate, Employment and Labour, Toronto