The Globe and Mail report in its Friday edition that shareholders of Kneat.com have overwhelmingly approved a $650-million takeover by Thoma Bravo, despite opposition from two shareholders. The Globe's Sean Silcoff writes that Kneat.com, led by chief executive officer Edmund Ryan, announced that shareholders okayed a $6.50 per share deal with 87 per cent in favour. The transaction awaits Ontario Superior Court approval next week and is expected to close shortly after. Kneat.com's software helps pharmaceutical companies track and validate data for quality control and regulatory compliance. Kneat.com is among several Canadian on-line subscription software companies that have pursued takeovers, management buyouts, or delistings due to prolonged depressed valuations since the tech bubble burst in late 2021. The sell-off was worsened by rising interest rates and fears that generative artificial intelligence could displace existing software vendors. The deal announced in June faced opposition from some shareholders who believed Thoma was capitalizing on suppressed valuations. The takeover price was 40 per cent higher than Kneat.com's last trading day before its May strategic review, but lower than early 2025 levels.