TSX-listed Magnet Forensics to be acquired by Thoma Bravo in $1.8 billion CAD deal
Announcement comes hours after IIROC halted trading of Magnet’s shares.
Benevity cites lower than expected customer demand as cause for 14 percent layoffs
Benevity joins Hootsuite, Lightspeed, Clutch, Clearco in significant staff cuts.
After navigating “major” changes to restaurant industry, Notch closes $13.7 million CAD to fuel pivot to FinTech
CEO: “When you have to pivot in COVID, that’s a challenging place to be.”
Vidyard sets sights on $1 billion in revenue as it bolsters go-to-market efforts
CEO says Vidyard considering M&A opportunities amid tech downturn.
Lightspeed to lay off 300 employees as it targets “profitable growth”
Lightspeed says layoffs aim to streamline operations, “unify” acquisitions.
Government of Canada reveals plans for $360 million National Quantum Strategy
NQS aims to support Canadian quantum research, talent, and commercialization.
WonderFi releases public statement following Coinsquare merger report
WonderFi neither confirms nor denies Coinsquare merger report, saying it’s both looking at potential acquisitions and…
Terramera forms new subsidiary to address more problems facing farmers
EnrichAg closes $6 million USD in “evolution in Terramera’s history.”
GoBolt lays off five percent of staff shortly after $75 million raise, citing worsening consumer demand
With cuts, GoBolt shifts focus away from SMBs to mid-market, enterprise merchants.
Thinkific makes more layoffs as part of push towards profitability
Cuts hit 19 percent of staff as Canadian tech continues to feel impact of downturn.
Coinsquare moves to terminate CoinSmart acquisition deal
CoinSmart CEO says notice took company “by surprise.”
Radical Ventures raising new $550 million USD fund as AI sector heats up
Radical managing partner believes “AI will eat all software over the next decade.”
BDC Capital report finds Canadian VCs are hiring more diverse candidates but facing difficulties with talent retention
DEI survey also indicates VC firms, portfolio companies lack diversity at decision-making level.
Salesforce layoffs show Canadian employees caught in ongoing Big Tech cuts
Layoffs at major US tech firms continue to hit Canada, Salesforce joins Amazon, Meta, Twitter.