S|W: The SaaS Weekly – The slow motion SaaS crash

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

Shopify COO Harley Finkelstein joins CBC board of directors

Finkelstein is also a CBC Next Gen Den dragon.


bloomberg tech

Oracle clinches a $1.56 billion deal to buy Australia’s Aconex

Based in Melbourne, Aconex’s cloud-based software allows teams working on building projects to collaborate and share documents. This marks Oracle’s second acquisition of a cloud-based construction software maker so far.


bk

FindBob raises $1.6 million to help insurance firms find their next generation of talent

The startup aims to solve a big problem in the insurance and financial services industry: a lack of a succession plan.


vccircle

Alibaba launches first cloud data centre in India

Beyond offering standard cloud products, India-based customers will now get access to elastic computing, database, storage and content delivery, networking, analytics and big data, containers, middleware, and security.


techcrunch

Amazon did a lot of funky stuff this year and it’s paying off

Jeff Bezos’ former online bookstore dumped $13.7 billion to buy a bunch of grocery stores, that speaker you talk to in your living room that Amazon makes is really popular, and a bunch of server farms Amazon runs generate more than $10 billion in annual revenue.


crunchbase

The slow motion SaaS crash

A cursory glance at tech headlines may have you believe that the SaaS business is humming along nicely. However, some are questioning that assumption by looking deeper into the market’s younger companies and their prospects in an increasingly competitive field.


BetaKit

Financeit receives investment from Goldman Sachs to acquire home improvement software company Centah

This investment makes Goldman Sachs a majority owner in the company.


TechCrunch

Convercent raises $25M to keep companies out of ethical quandaries

Convercent, a company that provides ethics and compliance software to businesses, raised the funds from Rho Ventures, with participation from Sapphire Ventures and Tola Capital.


livemint

Peel-Works raises $2 million from Inventus, IDG Ventures

The big data analytics firm will expand its offerings, hire senior managers, and ramp up product development.


TechCrunch

Xage emerges from stealth with a blockchain-based IoT security solution

Xage is building a security fabric for IoT, which takes blockchain and synthesizes it with other capabilities to create a secure environment for devices to operate.


BetaKit

Create more value than you capture: An oral history of Toronto product development

BetaKit’s first #longform piece explores the evolution of Toronto tech over the last 15 years.



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Amira Zubairi

Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.