VersaBank has decided not to proceed with its original public offering of non-cumulative 5-year rate reset preferred shares of the Bank.

Wellington Financial LP, a Toronto based specialty finance firm, will provide a debt commitment of $24 million (U.S.) to contract management software company Exari and partnered with Beacon Equity Partners for the acquisition.

In today's world, our cars are becoming a lot more like computers. Automakers are working in tandem with technology businesses to put more smart features and advanced new technologies under the hood and on the dashboard of the modern vehicle. The self-driving vehicle invasion is only part of this diverse landscape of new tech tools for the automotive industry.