Vena Moves Into “Orchestrated” Financial Planning with Acterys Acquisition
•February 4, 2026
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Companies Mentioned
Why It Matters
The acquisition expands Vena’s product breadth and accelerates its ambition to become the premier planning platform within Microsoft’s cloud stack, driving revenue growth toward a $200 million ARR target.
Key Takeaways
- •Vena acquires Acterys for $13M ARR, 300 customers.
- •Combines Excel-native FP&A with Power BI operational planning.
- •Targets “orchestrated planning” uniting finance and IT teams.
- •Aims to dominate Microsoft ecosystem planning platforms.
- •Supports Vena’s goal of $200M ARR by 2026.
Pulse Analysis
Vena Solutions has leveraged its recent $300 million CAD Series C financing to pursue strategic expansion through acquisition. By bringing Acterys into its portfolio, Vena not only adds a profitable, fast‑growing SaaS business but also gains direct access to Power BI integration capabilities that were previously outside its core Excel‑centric offering. This move reflects a broader trend among fintech firms to consolidate complementary technologies, creating end‑to‑end solutions that appeal to enterprise customers seeking tighter alignment between financial forecasting and operational data.
The concept of “orchestrated planning” goes beyond traditional integrated budgeting tools. It envisions a single, Microsoft‑native workspace where finance teams can model scenarios in Excel while IT professionals push those models into Power BI dashboards and Microsoft Fabric for real‑time analytics. This dual‑track approach reduces data silos, shortens the feedback loop between budgeting and execution, and enables more agile decision‑making across the organization. For companies already entrenched in the Microsoft stack, the combined Vena‑Acterys platform promises a seamless user experience and lower implementation overhead.
Industry observers see Vena’s acquisition as a catalyst for heightened competition in the cloud‑based FP&A market. Competitors such as Anaplan, Adaptive Insights, and Workday are also deepening their integrations with major cloud providers, but Vena’s exclusive focus on Microsoft tools could carve out a niche among midsize to large enterprises that prioritize Excel familiarity and Power BI analytics. If Vena successfully scales the unified offering, it could accelerate its path to the projected $200 million ARR milestone and reinforce its status as a leading Canadian fintech centaur.
Vena moves into “orchestrated” financial planning with Acterys acquisition
Toronto FinTech company Vena Solutions has signed a definitive agreement to acquire Australia’s Acterys to expand its financial planning and analysis (FP&A) capabilities.
Founded in 2011, Vena sells FP&A software to finance teams at medium and large-sized companies. The company’s AI-powered, Microsoft-focused platform helps clients manage budgeting, forecasting, and business planning.
The transaction is set to combine Vena’s Microsoft Excel-native FP&A software with Acterys’ enterprise-grade operational planning and app development platform. The latter allows IT clients to write data directly into Microsoft’s Power BI business intelligence software and provides unified analytics across Microsoft Fabric, the American tech giant’s data platform.
Vena aims “to become the most widely-adopted and highly valued planning platform within the Microsoft ecosystem.”
The cash-and-stock deal, which remains subject to customary closing conditions and regulatory approval, is expected to close during this quarter. Vena did not share the acquisition price with BetaKit, but did confirm that Acterys is profitable and growing by 100 percent year-over-year, with approximately $13 million USD ($17.8 million CAD) in annual recurring revenue (ARR) and more than 300 customers.
Vena says the acquisition will expedite its move into “orchestrated planning,” which “aligns finance-led planning and IT-enabled execution.” Whereas integrated planning simply connects different financial plans, Vena says that orchestrated planning will give finance and IT teams a shared environment to build and implement those plans.
The FinTech company claims this transaction will deepen Vena’s presence across the Microsoft ecosystem and help it create “the first Microsoft-native environment for orchestrated planning.”
“This is a strategic acquisition in support of our mission to become the most widely-adopted and highly valued financial planning platform within the Microsoft ecosystem,” Vena CEO Hunter Madeley told BetaKit.
In a statement, Acterys CEO Mike Zack claimed, “Vena and Acterys bring together the best of both worlds—Excel for finance and Power BI for IT—to deliver a unified planning and analytics experience.”
Acterys marks Vena’s “first full-scale acquisition” to date (the company previously acquired part of an India-based product and engineering firm to support its Indian expansion).
RELATED: With $100 million USD in revenue, Vena becomes Canada’s latest centaur
“With Acterys’ technology, Vena now supports a broad continuum of planning use cases across FP&A, extended planning, and beyond,” Madeley added.
Vena most recently closed a $300-million CAD Series C round from Vista Equity Partners in 2021. According to The Globe and Mail, $100 million of that amount was for Vena, while the remaining $200 million went to existing backers JMI Equity and Centana Growth Partners, which sold shares but retained stakes in the company.
In 2022, a Vena client alleged that the company misrepresented its System and Organization Controls compliance. A source claimed that this led to a loss of customers for Vena, which told BetaKit at the time that the company had addressed the matter.
In 2024, Vena shared that it had become a centaur, meaning it had surpassed $100 million USD in ARR. Last fall, the company announced that it had grown to more than 2,000 business customers.
A Vena spokesperson told BetaKit that the company is currently earnings before income, taxes, depreciation, and amortization positive and expects to end 2026 “closing in very quickly” on $200 million USD in ARR, with over 3,000 clients.
CORRECTION (02/06/26): This story has been corrected to reflect that Acterys is based in Sydney, Australia, not Chicago, as well as the fact that Acterys is not a direct competitor to Vena. It has also been updated to include additional information and commentary from Vena.
Feature image courtesy Vena Solutions.
The post Vena moves into “orchestrated” financial planning with Acterys acquisition first appeared on BetaKit.
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