Pivotree Inc. (TSXV:PVT) is looking for M&A. William Di Nardo, CEO said, " I don't have a lot new to report for you on M&A. We continue to be active with a number of opportunities in the pipeline. I will tell you, we've modified our M&A approach in order to help identify more closable opportunities. So what I can share with you is it hasn't been for a lack of interest in the pipeline.

We've had a number of deals that we've moved through various stages of diligence. But inevitably, the gating hurdle that we keep getting caught at is getting to a valuation that makes sense for us and for the counterparties. And so part of the shift is how we find the right deals that are closable, and we are modifying some of our tactics in that regard.

And M&A continues to be a key part of the mission and vision. We look at it as a way of filling strategic elements of our product offering set, think you will see less acquisitions in professional services that aren't specifically related to some of the product initiatives that are underway. Again, the key to was finding closable deals, the good news continues to be we have cash on our balance sheet.

We have a great line of credit and a good relationship with our financial institutions that we'll see that maintain".