The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada and around the globe.
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Brightspark raises $6 million to expand team across Canada, accelerate investment pace(BETAKIT)
The firm anticipates that it will accelerate its investment pace from the equivalent of a $100 million fund, to that of a $120 million fund, with an estimated $20 million to $30 million invested annually.
How quickly does headcount scale in the fastest growing software businesses? (TOMTUNGUZ)
The data bolsters the notion that a management team’s top priority is recruiting, especially after the business has reached product-market fit.
Intuit acquires time-tracking service TSheets for $340M (TECHCRUNCH)
The $340 million acquisition price consists of both cash and other considerations, and Intuit expects the acquisition to close in the second half of 2018.
SaaS North says companies should focus on problem, not tech, when building AI(BETAKIT)
“You see people that are so focused on the technology that they lose sight of actually using it to build their business,” said David Lennie, SVP of data and analytics at Shopify.
AWS’s free single sign-on launch shows expanisonist tendencies in SaaS market (VENTUREBEAT)
Amazon Web Services quietly planted another stake in the workplace software-as-a-service market last night with the launch of a new single sign-on offering.
Pivotal has something for everyone in the latest Cloud Foundry Platform release (TECHCRUNCH)
At its S1P developer conference in San Francisco, the company announced a huge upgrade to its Pivotal Cloud Foundry platform, which includes support for serverless computing, containers and a new app store.
Alumni outreach software startup Graduway raises $12.7 million(CTECH)
UCLA, Oxford, and Johns Hopkins are among the universities that use Graduway’s tool to keep in touch with alumni.
Toronto tech community signs open letter to city council urging “fair, equitable” rules on Airbnb (BETAKIT)
“The new economy is challenging old ways of doing things. Toronto must maintain its reputation as a global centre of innovation by embracing new ideas,” the letter reads.
Salesforce is latest big tech vendor to join the Cloud Native Computing Foundation (TECHCRUNCH)
Salesforce joins the likes of AWS, Oracle, Microsoft, VMware, and Pivotal in the organization that manages Kubernetes, the popular open-source container orchestration tool.
Create more value than you capture: An oral history of Toronto product development (BETAKIT)
BetaKit’s first #longform piece explores the evolution of Toronto tech over the last 15 years.
