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!
BetaKit spoke to Galvanize CEO Dan Zitting about the company’s road to a ten-figure exit, and what the future holds for the Vancouver-based firm.
Zoom’s nearly $15 billion acquisition of Five9 rejected by shareholders (WALL STREET JOURNAL)
Zoom Video Communications Inc.’s nearly $15 billion bid to acquire contact center company Five9 Inc. was shot down, dashing a major expansion plan for a video-conferencing powerhouse that has battled scrutiny over its perceived ties to China.
In 2020, the company secured $40 million in strategic growth financing.
The last five months marked a turning point in Apple’s company culture — will it last?
Samdesk secures $13.5 million to fuel expansion of crisis detection and monitoring platform (BETAKIT)
Calgary’s Adventure Capital, which led Samdesk’s $3.6 million seed round in 2020, also participated in the round, alongside several other undisclosed existing shareholders.
Thinkific appointed Henk Campher as its new chief marketing officer and moved its vice president of engineering, Chris McGuire, to the position of chief technology officer.
The development comes hard on the heels of critical reporting in The Wall Street Journal which unearthed internal documents that suggest the Facebook-owned company was aware the social media service caused anxiety and mental health issues in teenaged girls.
Traction on Demand to open Winnipeg office, hire 100 with support from Manitoba government (BETAKIT)
Earlier this month, the firm, which employs over 1,200 people, announced its acquisition of fellow Salesforce consulting partner New Zealand-based Trineo.
In response, a group of tech and gaming workers have slammed the planned settlement, saying an $18 million compensation fund for employees who were harassed or discriminated against is not enough.
Wishpond secures $6 million revolving credit from National Bank to fuel acquisition strategy (BETAKIT)
Currently, the company claims it has over $7.5 million of cash and no debt on the balance sheet.
In April 2018, BetaKit reported that JITbase was one of the graduating companies from the Montréal Founder Institute’s four-month early-stage tech startup accelerator.
When one pill kills (NBC)
Eight parents mourn children poisoned by deadly pills bought on Snapchat.
According to the company, its software provides a message queue that integrates webhook requests from SaaS applications and distributes them to a callback endpoint.