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Blackline Safety acquires Swift Labs

CALGARY — Blackline Safety Corp. has acquired Ontario-based Swift Labs Inc. for $5 million in a combination of cash and shares.

Swift Labs is an Internet of Things design and engineering consulting firm that helps companies connect their products to the cloud. Nortel, Apple and Blackberry founded Swift Labs back in 2014.

Blackline says the acquisition of Swift Labs has expanded its ability for product development and connected worker portfolio.

“I am excited to welcome Swift Labs and its people to the Blackline Safety team. Over the last three years of working with Swift Labs, they have proven to be the right partner to help us accelerate our connection of the industrial workplace,” said Cody Slater, CEO and chair of Blackline Safety, in a statement.

“Swift Labs will accelerate the advancement of our product roadmap, while also providing additional capacity to seek further opportunities to connect un-connected hardware throughout the industrial workplace.”