S|W: The SaaS Weekly – Walmart to tap TikTok?

The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada and around the globe.

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New York-based proptech startup SwiftCTRL opens Canadian office in Montréal (BETAKIT)

SwiftCTRL Technologies Canada has opened its first engineering office and research and development centre in Montréal.

LA gets a big SaaS exit as Fastly nabs the Culver City-based Signal Sciences for $775M (TECHCRUNCH)

Fastly said that the acquisition of Signal Sciences’ business will boost its ability to provide better security for applications and APIs — the connective fabric between different services that knit different technologies together behind the scenes.

Entertainment tech startup Wrapbook raises $4.7 million CAD seed round (BETAKIT)

Toronto-based Wrapbook, which creates software for workforces in the media production space, has raised $3.6 million in funding.

Salesforce cuts about 1,000 jobs even as stock has record one-day surge (CNBC)

The cuts amount to about 2% of Salesforce’s workforce, but employees affected will have 60 days to find a new position at the company.

Top Hat continues pursuit to take traditional publishers digital with Bluedoor acquisition (BETAKIT)

Toronto-based EdTech startup Top Hat has acquired another education publishing company, recently closing a deal to purchase United States-based Bluedoor.

How TikTok could turn Walmart into an advertising powerhouse (FAST COMPANY)

By teaming up with Microsoft to acquire TikTok’s U.S. operations, the e-commerce giant could take on Google, Facebook, and Amazon’s huge ad businesses.

SeamlessMD raises $4 million CAD Series A to meet increased demand for digital patient engagement due to COVID-19 (BETAKIT)

Toronto healthtech startup SeamlessMD, which provides a cloud-based patient engagement app, has raised a $4 million CAD Series A led by Montreal’s MEDTEQ+.

What if Facebook is the real ‘silent majority’? (NEW YORK TIMES)

Right-wing influencers are dominating the political discussion on Facebook, raising questions about whether it will translate into electoral success in November.

Verto Health raises $2 million CAD seed round to better connect healthcare providers, patients (BETAKIT)

Toronto-based healthtech startup Verto Health has closed a $2 million seed round led by MaRS Investment Accelerator Fund (MaRS IAF).

Exclusive: ByteDance asks TikTok to draw up U.S. shutdown contingencies (REUTERS)

Microsoft Corp and Oracle Corp are among U.S. companies vying to acquire the assets of TikTok, which claims about 100 million monthly active users in the U.S.

New temporary policy to allow foreign workers to apply for work permit without leaving Canada (BETAKIT)

Canada’s Minister of Immigration, Refugees and Citizenship announced a new public policy set to make it easier to apply for a work permit amid COVID-19.

Apple blocks Facebook update that called out 30-percent App Store ‘tax’ (THE VERGE)

Apple said the update violated an App Store rule that doesn’t let developers show “irrelevant” information to users.

Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.

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