S|W: The SaaS Weekly – Digital transformation on steroids

The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada and around the globe.

Subscribe to S|W using the form at the bottom of this page to ensure you don’t miss out on the most important SaaS news every week!

BlueCat exec Stephen Devito takes on CEO role as Michael Harris steps down (BETAKIT)

BlueCat has a new CEO, with executive Stephen Devito taking up the position from Michael Harris, who was with the company for eight years.

In its 5th filing with the SEC, Palantir finally admits it is not a democracy (TECHCRUNCH)

The company’s founders can ‘unilaterally adjust their total voting power’ at will.

FreshBooks acquires Mexican invoicing company Facturama (BETAKIT)

FreshBooks has acquired Facturama, a Mexico-based company that offers electronic invoice management for small businesses and startups.

Cloud startups ride wave of pandemic-fueled investments (WALL STREET JOURNAL)

“You throw COVID-19 into the mix and it’s like digital transformation on steroids. It’s a massive accelerant.”

Tiny Capital takes majority stake in Victoria-based software startup Button (BETAKIT)

Victoria-based tech holding company Tiny Capital has invested and acquired a majority stake in government software startup Button.

Ottawa’s plan to rein in tech giants missing key pieces: Experts (BNN BLOOMBERG)

The Liberal government unveiled a plan to rein in tech giants in its throne speech this week, but experts say there is much more that should be included.

Hootsuite initially agreed to ICE deal before pulling out, documents reveal (BETAKIT)

Hootsuite made the decision to pull out of a customer contract involving the US Immigration and Customs Enforcement (ICE) after an outcry from employees and users.

BlackBerry tops forecasts but struggles to grow software, services revenue (THE GLOBE AND MAIL)

Total revenue rose 6 per cent in the latest quarter to US$259-million; revenue from its key secure-data software and services business fell 10 per cent.

Today in acquisitions: Kinduct, Quill, Lane (BETAKIT)

Over the last week, several tech startups have been involved in some notable Canadian acquisitions, including Kinduct, Quill, and Lane.

Netflix launches latest production hub in Vancouver (HOLLYWOOD REPORTER)

The streaming giant has taken a long-term lease at the Canadian Motion Picture Park studio complex.

BC venture funding keeps pace in Q2 2020 as deal volume continues downward trend (BETAKIT)

Tech companies in British Columbia continued to see consistent venture funding in the second quarter of 2020, despite another drop in deal volume.

Microsoft buys owner of game studio Bethesda for $7.5B to boost Xbox with titles like Doom, Fallout (CBC)

The deal comes more than a week after Microsoft’s failed bid for short video app TikTok’s U.S assets.

Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.

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