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Canva Expands Its Horizons with Dual Acquisitions of Simtheory and Ortto to Evolve Into a Comprehensive Work Platform

Brothers Chris and Mike Sharkey, also known for founding the Australian holiday rental platform Stayz, built both Simtheory and Ortto. Canva has acquired these two companies—Simtheory, an innovative AI-driven collaboration platform, and Ortto—to drive its most significant transformation yet, which it plans to unveil at Canva Create on April 16. Financial details of the deal were not made public. This strategic move aims to transition Canva from a design tool into a full-fledged end-to-end work platform.

The Next Web
The Next Web