BreakingRedbrick turns 15 and proposes a downtown Victoria hotelSeven straight years among Canada's Top Small and Medium Employers Portfolio WatchSix core software brands plus Quartz and The InventoryFrom clicks to compounding

Company profile / Software portfolio

Redbrick Quit Selling Clicks and Built a $100 Million Software Portfolio

The Victoria company escaped a volatile performance-marketing model by turning its operating playbook into a portfolio. Now the interesting product is not any single app - it is the machinery Redbrick uses to make mature software grow again.

Redbrick's origin story contains a useful confession. In 2016, founder Tobyn Sowden said the Victoria company could scale its performance-marketing business, but could not reliably predict how many users it would acquire from one month to the next. The model made money by buying ads, driving downloads for desktop-software clients, and collecting a percentage of each sale. It worked. It was also a treadmill: spend, convert, reset, repeat.

Sowden wanted recurring revenue and fatter margins. Performance marketing produced margins he put at 18 to 25 percent; the software model he was considering could, in his estimate, clear 50 percent. So Redbrick began turning internal technology into products. It acquired the name and assets of desktop-analytics service DeskMetrics, rebuilt the technology, and released it as software other developers could use. Shift began as a proof of concept for that analytics system, then found its own audience by putting several Gmail and Google accounts into one desktop application.

That pivot did more than add two products. It changed what management believed the company should own. Redbrick moved from renting attention on behalf of clients to owning software, customer relationships, and recurring cash flows. Fifteen years after its 2011 founding, the business describes itself as a builder, buyer, and operator. Its corporate site lists Animoto, Delivra, Duplex, Leadpages, Paved, and Shift; in 2025 it also bought business publisher Quartz and commerce site The Inventory. The portfolio passed $100 million in annualized revenue in 2023 and now employs more than 200 people.

$100M+Annualized revenue reported in 2023
200+People across the portfolio
6+2Core software brands plus two media properties

The product behind the products

Redbrick does not sell one neat bundle to one tidy customer. Its operating companies meet the digital entrepreneur at different points. Leadpages publishes landing pages and captures leads. Delivra sends automated email and SMS campaigns. Animoto makes branded video. Paved matches newsletter publishers with advertisers. Duplex places personalized news and paid content inside browsers, apps, and digital services. Shift lets people construct a browser around their accounts and workflows. Quartz supplies business journalism, while The Inventory covers consumer products.

The common customer is someone trying to turn attention into a business: a solo operator making a campaign, a marketing team nurturing leads, a publisher monetizing subscribers, an advertiser seeking a targeted audience, or a knowledge worker tired of browser-tab archaeology. Some products sell subscriptions. Paved participates in an advertising marketplace. Duplex helps partners monetize existing digital real estate. Media earns through the familiar mix of advertising and commerce. The portfolio is less a suite than a neighborhood - adjacent businesses sharing utilities.

Those utilities are the real differentiator. A central shared-services team supplies finance, people and culture, marketing, design, creative, UI, business development, and strategic leadership. A portfolio company keeps its product knowledge and day-to-day autonomy while drawing on specialists it might struggle to hire alone. Redbrick gets to reuse hard-won skills across several businesses. The operating company gets help without recreating a corporate department for every problem.

“We build and acquire businesses that serve the digital entrepreneur.”Tobyn Sowden, founder and CEO

A SaaS fixer-upper with loyal tenants

Delivra is the cleanest demonstration. When Redbrick acquired the Indianapolis email-marketing company in January 2022, it found a 20-year-old platform with deep data-handling capabilities, experienced employees, and unusually loyal customers. It also found an aging interface, a major product update last shipped in 2019, and no active marketing operation after years of reduced investment. New customer acquisition had slowed. The problem was neglect, not the absence of a product.

Redbrick restarted email, paid search, and content marketing within a month. It helped create a new brand guide and website, doubled the sales team, implemented Salesforce, shifted customers to electronic billing, and hired across departments. Product designers, writers, animators, managers, and developers rebuilt the interface while moving the front end from ASP.NET Web Forms to React. Delivra Air reached beta testers within the first year.

The reported result was a 125 percent increase in revenue from new leads compared with the year before the acquisition. That number does not isolate which intervention mattered most, but the sequence is instructive. Redbrick did not arrive with one magic growth hack. It removed several bits of friction at once: a brand that undersold the product, a difficult interface, dormant acquisition channels, thin sales capacity, awkward billing, and a team stretched too tightly to address them.

Redbrick colleagues working together around a table in the Victoria office
The shared-services machine, pictured in its natural habitat: four laptops, one bright window, and at least one person who remembered the meeting was supposed to be fun.

What changed their mind

Redbrick's path looks tidy only in retrospect. The first business was profitable early and reportedly aimed for $20 million in 2016 revenue. There was no flaming collapse to force a reinvention. What failed first was predictability. Each month depended on another round of buying and converting traffic. Sowden understood that a strategic buyer would value recurring revenue more highly, and that owned software could create it.

The company also learned by building for itself. Shift was not conceived as a grand browser insurgency. Redbrick wanted an Electron-based product to prove what its analytics could do. People wanted the product itself, so a single-developer experiment became a team and a subscription. The lesson is almost annoyingly practical: use internal projects to test capabilities, but watch for the moment the test attracts a market of its own.

From campaign income to portfolio scale

2016
$20M*
2021
$80M
2023
$100M+

USD/CAD currency presentation varies by report. *2016 was a company projection; 2021 was reported by Vancouver Tech Journal; 2023 was annualized revenue reported by Redbrick.

The acquisition filter

Redbrick publicly says it looks for healthy, stable businesses with steady customers and sustainable profit whose owners are ready for another chapter. It prefers a future-facing product and a team that cares about what happens next. That is a different hunt from distressed private equity. The attractive target is not broken. It is under-supported.

Leadpages brought more than 40,000 active users when Redbrick bought it in 2020. Delivra's customers were sending more than 200 million messages a month. Animoto had served millions of video creators and had patented Cinematic AI technology. Paved arrived in 2025 with 3,000-plus publishers and a claimed reach of 253 million newsletter subscribers, connecting advertisers including Uber, DoorDash, and Salesforce with inventory from publishers that included major news brands. In each case, demand already existed before Redbrick entered the room.

Purchase prices have generally stayed private, which keeps the financial return difficult to judge from outside. The known public scorecard is operational: Leadpages expanded under the new owner; Delivra got its restart; Animoto received an AI-forward product and brand overhaul; Paved refreshed its positioning and platform capabilities in its first year. Redbrick sold Assembly to St. Joseph Communications in 2022 after building the digital publisher for eight years, showing that the portfolio is capable of exits as well as accumulation.

The steal / the warning label

What to copy

Centralize scarce specialists, diagnose the entire customer journey, preserve product expertise, and attack several obvious constraints in a deliberate sequence.

When it fails

The model breaks when customers are already leaving, the core market is evaporating, integration destroys autonomy, or shared services become a queue instead of leverage.

Purpose, with an operating budget

Redbrick also wants its identity to stretch beyond acquisition arithmetic. B Lab certified Redbrick Technologies in May 2024. The company has discussed employee carbon measurement and offsets, bike-to-work reimbursements, community investment, co-op placements, and efforts to improve representation in technology. As of 2026, it had appeared on Canada's Top Small and Medium Employers list for seven consecutive years. Its stated mission is to build purposeful, profitable companies where people love to work.

Culture claims are easy to laminate and hang by reception. The more interesting evidence is structural. Shared people-and-culture resources can give small operating companies benefits and recruiting muscle they could not support independently. Leaders from portfolio companies have described receiving support while keeping decision-making autonomy. The test, as the collection grows, is whether that autonomy survives one more acquisition, then another.

The 2025 purchase of Quartz makes that test harder. Software subscriptions, newsletter advertising, and business journalism do not respond to identical playbooks. Quartz had changed owners four times in seven years by the time Redbrick acquired it from G/O Media. The opportunity is obvious: combine media, newsletter monetization, content discovery, and software operating talent. So is the risk: editorial products are not merely funnels with prose attached.

A hotel appears in the roadmap

Then, in 2026, Redbrick celebrated its 15th anniversary by announcing a preliminary proposal for Westholme, a hotel at Government Street and Pandora Avenue in downtown Victoria. The site is a few blocks from both its first office and current headquarters. Aryze Developments is collaborating on the proposal. For a software operator, a hotel is either a peculiar detour or the logical extreme of a company that now thinks of itself as a long-term builder.

The name itself came from those first office walls in Victoria's Market Square. In 2018, the company removed the vowels from its URL. In 2019, it replaced a bright red, analytics-flavored identity with a black wordmark suitable for sitting behind many different brands. The visual evolution tracked the strategic one: product in front, operator behind it.

What can a reader take home? Begin with the bottleneck, not the slogan. Redbrick's first bottleneck was unpredictable acquisition. Delivra's was underinvestment across product and go-to-market. A shared-services portfolio works when the same expensive capabilities solve recurring problems across several healthy businesses. It does not work when centralization slows decisions, when the acquired product has no durable affection left, or when managers confuse a familiar checklist with market insight.

Redbrick's bet is that competent operations compound. Buy something customers already value. Keep the people who understand it. Add the functions that have gone missing. Modernize without sanding off the identity. Then do it again. The company began by optimizing downloads. Its bigger optimization was learning which side of the transaction it wanted to own.