Fight brews over Magnet Forensics’ proposed $1.8 billion acquisition by Thoma Bravo
Magnet Forensics shareholder contests deal; independent Magnet directors push back.
Markets
Lightspeed one-time net loss of $814.8 million USD sends Groundhog Day signal: six more weeks of tech winter
Lightspeed makes slight revenue gain but faces recessionary pressures in the marketplace.
VerticalScope becomes latest public tech firm to make layoffs with 22 percent staff reduction
Cuts come after VerticalScope’s business deteriorated in Q4.
Shopify CTO Allan Leinwand to depart company, citing “personal reasons”
CEO Tobi Lütke to also lead R&D as Shopify loses third C-Suite exec since September.
TSX-listed Magnet Forensics to be acquired by Thoma Bravo in $1.8 billion CAD deal
Announcement comes hours after IIROC halted trading of Magnet’s shares.
CoinSmart rejects Coinsquare’s notice to terminate acquisition deal
CoinSmart claims Coinsquare’s acquisition about-face is “invalid and without merit.”
Lightspeed to lay off 300 employees as it targets “profitable growth”
Lightspeed says layoffs aim to streamline operations, “unify” acquisitions.
WonderFi releases public statement following Coinsquare merger report
WonderFi neither confirms nor denies Coinsquare merger report, saying it’s both looking at potential acquisitions and…
Year in review: biggest tech stories of 2022, 2023 predictions
Plus: 2022’s most overlooked tech stories.
Subsidiaries of FinTech startup Lendified face creditors over unpaid loans
Creditors move to seize Lendified assets after company defaults over some $6.6 million.
Slack founding CEO Stewart Butterfield to depart company in January
Slack’s leader becomes latest to leave the Salesforce organization.
Think Research reports increased revenues, debt in Q3
CEO maintains company well positioned to continue revenue growth.
Xero appoints Canadian native Sukhinder Singh Cassidy as new CEO
Xero’s newest leader had exec positions at Google, Stubhub, Polyvore.
Q4 Inc. CEO confident in 2023 profitability despite continued slow growth
M&A, delistings, frigid IPO market have impacted Q4 Inc’s customer retention, expansion.
Market watch: Lightspeed, Nuvei increase revenues but reports lead shares to fluctuate
Lightspeed’s share price dropped after the report was tabled.