S|W: The SaaS Weekly – FormHero sees the (Day)light

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!


Rewind fundraise shows that slow and steady can win the market (BETAKIT)

The CEO and co-founder of Ottawa-based Rewind admitted to BetaKit in January that the company’s $19 million CAD Series A round had come about because of the “opportunities that we were leaving on the table.”


The Facebook files (WALL STREET JOURNAL)

Facebook Inc. knows, in acute detail, that its platforms are riddled with flaws that cause harm, often in ways only the company fully understands.


Rebranded Daylight Automation raises $15.7 million CAD in Series A funding (BETAKIT)

Daylight will use the funding to support its rebrand, accelerate hiring, and advance product development and marketing initiatives in the United States (US) and Canada.


SEC is investigating Activision Blizzard over workplace practices, disclosures (WALL STREET JOURNAL)

Federal securities regulators have launched a wide-ranging investigation into Activision Blizzard Inc., including how the videogame-publishing giant handled employees’ allegations of sexual misconduct and workplace discrimination.


Hootsuite brings on Tiziana Figliola as new CFO (BETAKIT)

Before InterDigital, Figliola spent 10 years in Shanghai with two multinational software companies, PTC and Autodesk.


Facebook’s chief technology officer to step down in 2022 (NEW YORK TIMES)

Mike Schroepfer, who leads the company’s artificial intelligence and other technical efforts, said he planned to transition into a role as a senior fellow.


BetaKit Live: Canada’s ‘New’ Innovation Policy on September 28th (BETAKIT)

On Tuesday, September 28th at 4:30PM ET, BetaKit will be joined by three Canadian policy wonks who will share their thoughts on what Canada’s new innovation policy might look like.


Federal government selects made-in-Canada software Dayforce to start replacing failed Phoenix payroll system (THE GLOBE AND MAIL)

The contract with the federal government is a big win for Ceridian’s Toronto-based CEO David Ossip.


Former Tungle, Foko Retail employees team up to launch new hybrid work-focused calendar startup (BETAKIT)

The group, which also includes former members of Foko Retail, has been frustrated by what they see as a lack of innovation in calendar technology, and views Nook as their “next go-around in the calendar space.”


Fivetran hauls in $565M on $5.6B valuation, acquires competitor HVR for $700M (TECHCRUNCH)

The company last raised a $100 million Series C on a $1.2 billion valuation, increasing the valuation by over 5x.


Salesforce set to acquire Toronto-based LevelJump.io (BETAKIT)

Salesforce’s most high-profile Canadian acquisition has been that of Slack. In July, BetaKit reported that Salesforce has completed its acquisition of Slack.


Zoom’s nearly $15 billion deal for Five9 under U.S. Government review over China ties (WALL STREET JOURNAL)

The Justice Department-led Team Telecom is looking into whether Zoom’s China ties could make its acquisition of the software company a national-security risk.


Thirdera acquires Appoxio to enhance UI/UX in ServiceNow platform (BETAKIT)

All 40 of Appoxio’s employees are joining Thirdera and the latter will maintain the Appoxio offices in Calgary with plans to expand its presence in the region.



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Josh Scott

Josh Scott

Josh Scott is a BetaKit staff writer who loves to tell Canadian business and tech stories. His coverage is more complete than his moustache.