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Clio previously secured a $330 million CAD ($250 million USD) Series D round in September 2019 from US-based investors TCV and JMI Equity.
Prior to the Proofpoint deal on Monday, the largest cloud acquisition by a private equity firm was the $11 billion purchase of Ultimate Software in 2019.
CEO Greg Smith told BetaKit that he sees a “huge opportunity” in scaling to meet the growing needs of entrepreneurs and the online course creator economy.
The government says the changes apply only to professional content and are necessary to make wildly successful online streaming services and apps contribute to Canadian culture.
To become more diverse, cybersecurity experts say the industry needs more mentors and problem solvers (BETAKIT)
The current approach isn’t enough to foster the diversity – or scale – necessary to fill the estimated 3.5 million cybersecurity job openings globally in 2021.
A controversial memo and a severance offer prompted many to head for the exits.
Venture funding in Montréal reached an impressive $1.15 billion in 2020, solidifying the city as one of the top startup ecosystems in Canada, only just behind Toronto.
MessageBird, which competes with U.S. cloud communications platform Twilio, says it raised a total of $1 billion in a funding round.
After partnering with Ceridian for about two years, Ideal is set to become part of Ceridian as the startup looks to expand its reach and accelerate its product roadmap “with increased resources.”
BetaKit spoke to key members of the Canadian innovation ecosystem to determine why M&A activity is up, and where it’s going.
Breaking point: how Mark Zuckerberg and Tim Cook became foes (NEW YORK TIMES)
The chief executives of Facebook and Apple have opposing visions for the future of the internet. Their differences escalated this week, just as the EU charged Apple with App Store antitrust violations.
Large deals fuelled Calgary’s healthy 2020, but Western Canada could have an early-stage funding problem (BETAKIT)
Hockeystick tracked four deals under $250,000 in 2019 and 2020, indicating an early-stage gap.