AppDirect acquires TBI to expand offerings for technology advisors
AppDirect unified its advisor business under the AppDirect brand earlier this month.
Montréal
OpenText closes $5.8 billion USD acquisition of Micro Focus, makes workforce reduction
OpenText said it expects to cut the combined entity’s teams by 8 percent due to Micro Focus acquisition.
As Big Tech makes mass layoffs, recent Canadian startup reductions might cut deeper
PartnerStack, SSENSE, #paid, Shakepay, Venngage latest to cut staff.
Bitcoin infrastructure startup Blockstream raises $125 million USD to expand crypto mining services
The Montréal firm claims demand for its hosting services remains high, despite volatile market.
Five Canadian programs listed among top incubators, accelerators globally
Canada is the only country with three programs named to the top ten list.
Fintech Cadence, Atlantic FinTech partner to create national reach
Partnership hopes to unify FinTech clusters across the country.
Smart horticultural lighting provider Sollum closes $30 million CAD to expand library of ‘light recipes’
Sollum previously received government grants to support the production of greenhouse tomatoes, strawberries.
Lightspeed to lay off 300 employees as it targets “profitable growth”
Lightspeed says layoffs aim to streamline operations, “unify” acquisitions.
Aptum Technologies acquires CloudOps to expand its cloud solutions
Combination of two cloud-based businesses opens up multiple sectors for Aptum, CloudOps in Canada, US, and UK.
Nuvei enters $1.7 billion CAD deal to acquire US payments tech firm Paya
Paya’s share price climbed by 24 percent following the news of its potential acquisition.
NorthStar raises $47 million CAD Series C round for expected satellite launch in mid-2023
The Montréal startup provides monitoring solutions for all near-Earth orbits from space.
Layoffs persist at Canadian tech companies amid bleak outlook for 2023
FreshBooks, Thinkific, Revelate, Bridgit among latest firms to cut staff amid downturn.
Nesto raises $80 million CAD in Series C financing
The round was led by Power company IGM Financial.
Innovobot holds initial close of targeted $40 million fund to invest in “deep tech for good”
The fund has secured $14 million from entrepreneurs and family offices.
IBM to hire 250 in New Brunswick for new Client Innovation Centre
This week, IBM also awarded $35,000 USD to two Montréal-based startups.