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Performance review season, whether it’s once, twice, or four times a year, is almost a universally dreaded time for employees and managers. Toronto-based Hypercontext is looking to change that with its recently released AI-powered feature designed to help managers generate employee performance reviews.
For CEO and co-founder Brennan McEachran, the tool represents a key step into the HR sector for Hypercontext. But the recent explosion of AI tools has also sparked discussions regarding the role of AI-driven decision-making across departments, including HR. With the technology still in its infancy, experts have raised questions about the ethical implications of relying on machines to make determinations that could directly impact employee livelihoods.
CapVest to Buy UK Software Provider Kerridge in $1 Billion Deal
Private equity firm CapVest Partners has agreed to acquire UK software provider Kerridge Commercial Systems (KCS) in a deal that values the latter at $1 billion.
KCS, based in Berkshire, England, distributes enterprise resource planning software to 32,000 customers globally.
Sampler acquires AdMass’s tech, founders to add AI, user-generated content to its product sampling platform (BETAKIT)
Sampler, which matches large packaged-goods firms with consumers seeking samples by mail, has acquired fellow Toronto tech startup AdMass.
To start, Sampler plans to give its clients the ability to incorporate user-generated content (UGC) campaigns into their sampling programs, leveraging AdMass’s tech to streamline the curation of UGC and assess consumers’ influence.
Exciting news for those looking to embark on a new career in tech sales! Palette Skills, a non-profit organization, presents SalesCamp, a transformative 6-week career program designed to facilitate a seamless transition into a rewarding tech sales role.
This comprehensive program offers rapid training, career coaching, mentorship, and connections with employers. We support you with resume and cover letter templates, interview preparation, networking guidance, and industry insights, and ensure you have a strong online presence.
Shifting to a tech sales career is a real opportunity to maximize your income. Applications for the next programs, starting on August 14, 2023, for British Columbians, and on September 5, 2023, for Ontarians, are now open.
Apply now and unleash your potential in B2B tech sales with SalesCamp!
Britain's antitrust regulator on Thursday announced an in-depth probe of Adobe's $20 billion bid for cloud-based designer platform Figma, after the Photoshop owner said it would not offer any remedies to ease the regulator's concerns.
The Competition and Markets Authority said it had found the deal could lead to less choice for designers, and identified concerns in the supply of screen design software, where the companies compete.
Formaloo, a startup dual headquartered in Canada and Estonia, has raised $2.9 million CAD in seed funding to support the expansion of its no-code platform for building a variety of business applications.
Formaloo integrates with Slack, Google, and Microsoft programs, allowing users to create databases and add interfaces by dragging and dropping building blocks.
Gamified e-learning platform Kahoot gets acquired in a $1.7B deal led by Goldman Sachs, Lego and more (TECHCRUNCH)
Kahoot, the education-focused "games" platform, has announced that it is going fully private in an all-cash PE deal valuing the company at $1.7 billion.
The Cortellucci Vaughan Hospital sits on more than 80 acres of undeveloped land.
Vaughan Mayor Steven Del Duca—along with Council colleagues, Mackenzie Health, York University, and ventureLAB—has a plan to turn that land into a world-leading medical innovation hub.
Salesforce Makes Rare Price Hike After Launching AI Features
Salesforce Inc. is raising prices for for the first time in seven years after introducing artificial intelligence features.
Since its last price hike, “the company has delivered 22 new releases and thousands of new features — including recent generative AI innovations,” Salesforce said.
Calgary-based WaitWell, which sells queue management and service-delivery software, has secured $1.5 million CAD in seed funding to expand its product and move into new markets.
WaitWell's platform currently facilitates digital appointment booking, queuing, workflow, events, virtual meetings, and analytics.
Corus Entertainment selling Toon Boom Animation subsidiary for $147.5M (THE CANADIAN PRESS)
Corus Entertainment Inc. says it has signed a deal to sell its Montreal-based animation software subsidiary Toon Boom Animation Inc. to Integrated Media Company (IMC) for $147.5 million in cash.
Toon Boom's software is used for animation, storyboarding and production management.
Canada saw an intake of over 30,000 tech workers from abroad within the last year, a new report from the Technology Councils of North America (TECNA) and Canada’s Tech Network (CTN) found.
Additionally, the report found that Canada “largely” benefits from investment of American tech companies as they expand or relocate to Canada.