UBC cannabis services spinout Anandia has been acquired by marijuana distributor Aurora Cannabis for $86.5m as Canada prepares to legalise the drug for recreational purposes.

Indoor location software provider July Systems, which has received funding from Intel, Acer and Motorola, is set to be bought by Cisco.

Paytm has paid an undisclosed amount for the AI technology developer, which raised $7.7m in a Flipkart-backed round in 2015.

University of Minnesota spinout Flipgrid has been acquired by Microsoft for an undisclosed sum, three years after raising $17m.

MIT spinout and automated statistics technology developer Empirical Systems had raised $2.5m from investors including Hyperplane Venture Capital and Brain Robotics Capital.

Aviva Ventures has exited home improvement services marketplace Opun in a $4.7m purchase by John Lewis Partnership.

JF Shea-backed VictorOps agreed to acquisition by Splunk for approximately $120m in cash and stock.

The acquisition comes less than a month after Adaptive Insights, whose shareholders include Salesforce, filed for a $100m initial public offering.