Tiny Ltd. (TSX: TINY), the Victoria, British Columbia-based holding company, has completed its acquisition of enterprise authorization software business Oso Cloud for approximately $1.9 million in cash consideration, with the deal closing on October 1, 2026. Oso Cloud brings approximately $5.3 million in annualized recurring revenue and roughly 80 customers across security, fintech, and developer software verticals. The transaction lifts Tiny's pro forma annualized recurring revenue approximately 7.6%, from $70.0 million to approximately $75.4 million, marking a continued push to grow the company's recurring revenue base.

Key Points

  • Tiny Ltd. (TSX: TINY) is a Canadian holding company focused on long-term business acquisitions.
  • Tiny completed the acquisition of Oso Cloud assets on October 1, 2026, for approximately $1.9 million in total consideration.
  • Oso Cloud contributes approximately $5.3 million in ARR and serves approximately 80 recurring subscription customers, including several on multi-year contracts.
  • Investors may be watching how Oso Cloud's authorization software fits Tiny's broader Software and Apps portfolio growth strategy.

Oso Cloud's Authorization Software Adds Recurring Revenue to Tiny's Portfolio

Founded in 2019, Oso Cloud provides authorization software that companies embed into their own products to manage user permissions and access control. The release states that customers use Oso Cloud to meet enterprise-grade security requirements without building and maintaining their own access-control infrastructure. At closing, the business served approximately 80 customers across security, fintech, and developer software sectors, all on recurring subscription contracts. The company did not disclose a customer retention target or post-acquisition revenue forecast in the announcement.

Deal Structure: $1.2 Million at Closing Plus $0.7 Million Holdback

The $1.9 million purchase price comprised approximately $1.2 million paid in cash at closing and an aggregate holdback of approximately $0.7 million, designated for transition services and transaction adjustments, subject to release under the terms of the purchase agreement. Tiny funded the acquisition entirely from its balance sheet cash, with no new financing required. The structure, including a holdback provision, is a common mechanism in software asset acquisitions designed to manage post-closing adjustments and transition risk.

CEO Austin Singhera Highlights AI-Driven Demand for Access Control

In a statement included in the release, Tiny Chief Executive Officer Austin Singhera said: "Controlling access to sensitive data and critical systems is fundamental to how large enterprises operate securely, especially as new applications and AI tools reshape how work gets done. Oso Cloud helps customers manage those permissions. We're excited about the business and its growth prospects, and look forward to supporting its existing customers and reaching new ones." The company noted that pro forma ARR figures are based on non-IFRS measures and unaudited vendor-provided data, and are not a forecast of future consolidated revenue.