Serenic will exit its historical software businesses. The company this week said, as it reported results for the year ended February 28, that  it will sell shares in Serenic Canada, Serenic Software and Serenic Software (EMEA) to Sylogist. That means the Serenic Navigator line of nonprofit software based on Dynamics NAV will be marketed by Sylogist. The purchase price is $11.9 million minus the assumption by Sylogist of $3.9 million in Serenic liabilities with about $8 million in proceeds to Serenic. All figures are in Canadian dollars. About $7.5 million will be distributed to Serenic shareholders.