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!
Converge Technology Solutions acquires three North American software companies (BETAKIT)
Toronto-based Converge Technology Solutions has acquired three software companies over the last two weeks.
Why San Francisco-based VC Hustle Fund Is Betting Big on Canada
“At Hustle Fund, we’re convinced that Canada is positioned well to produce some of the largest, category-defining companies on the planet. We’re eager to fund these companies, and excited to partner with Hockeystick to identify these opportunities!” – Eric Bahn (General Partner)
Since launch, Hockeystick has made over 6000 funder recommendations to Canadian startups. Learn how startups are using technology to meet funders around the world.
U.K. private equity giant HG Capital buys Mississauga’s Prophix Software (THE GLOBE AND MAIL)
The company’s new business dried up by the end of March as global economies shut down due to the coronavirus pandemic.
Hootsuite expanding into customer service, acquires Sparkcentral (BETAKIT)
Vancouver-based Hootsuite has acquired Sparkcentral, a Belgium and New York-based-based startup offering customer service software.
Twitter bans Trump’s account, citing risk of further violence (THE WASHINGTON POST)
The suspension amounted to a historic rebuke for a president who had used the social media site to rise to political prominence. Several other platforms have also followed suit.
Amazon is kicking Parler off its web hosting service (THE VERGE)
Apple and Google have also removed Parler from their App Stores.
Vancouver-based gaming company Next Level Games set to be acquired by Nintendo (BETAKIT)
Next Level Games, a Vancouver-based video game developer, is set to be acquired by gaming giant Nintendo.
How years of online misinformation erupted into real-world insurrection (FAST COMPANY)
On social networks, a toxic stew of lies simmered for years — until the president’s supporters responded with violent action at the U.S. Capitol.
iLobby raises $100 million USD from Insight Partners (BETAKIT)
iLobby, a Toronto-based startup that offers visitor management software to businesses, has raised a $100 million USD strategic investment.
Roblox plans to go public through direct listing (WALL STREET JOURNAL)
A funding round placed company’s shares at $45 apiece, bringing its valuation to a $29.5 billion.
Red Hat to acquire container security firm StackRox (BETAKIT)
US open source software giant Red Hat is set to acquire StackRox for an undisclosed amount.
The gig economy comes for childhood education (REST OF WORLD)
Startups in India want to apply Silicon Valley’s hyper-growth playbook to children’s education. But is anyone learning anything?
