A Toronto company is joining one of Silicon Valley's hottest startups.
On March 11, mobile-payment startup Square Inc. announced that it had acquired Kili Technology for an undisclosed amount. The North York-based company specializes in creating point-of-sale and payment-processing hardware.
“They have an experienced technology team who, like our sellers, are relentless innovators and never satisfied,” said Jesse Dorogusker, Square's hardware lead, in a press release issued by the company. “Together we’ll continue to lead the way in delivering simple and affordable hardware that gives our sellers a smarter and safer way to do business.”
The Kili team will remain in Toronto; the space they were working from will start to serve as Square's second Canadian office. Square opened its first Canadian office in Kitchener-Waterloo last year.
Square was co-founded by Jim McKelvey and Jack Dorsey in 2009. The latter is best known as the creator of Twitter.
Source: Square