On May 1, 2018, Validity announced that it had secured a significant investment led by Silversmith Capital Partners and, with this investment, completed the acquisition of CRMfusion based in Keswick, Ontario.

Validity is a global leader in data quality and compliance. CRMfusion is a market leading provider of data quality software for Salesforce.com customers.

Silversmith Capital Partners is a Boston-based growth equity firm with $1.1 billion of capital under management.

Silversmith's mission is to partner with and support the best entrepreneurs in growing, profitable technology and healthcare companies. The firm seeks to invest $15 million to $75 million per company.

Gowling WLG was Canadian counsel to Silversmith with respect to this investment with a team that was led by Ian Palm and that included Peter Doelman (corporate); Elizabeth Burton and Leila Burden Nixon (financial services); Anita Nador (IP); Neena Gupta (employment); and Paul Carenza (tax); assisted by students-at-law Sebastien Pepin and Reagan Chornoboy.