Carbon6 to be acquired by US-based SPS Commerce for $301 million CAD to grow e-commerce merchant toolkit
Co-founder says company was grateful to land rare nine-figure Canadian tech exit.
Retail
Paystone to acquire fellow payments processor Ackroo for $21 million
The last time Ackroo stock was valued at the purchase price of $0.15 per share was November 2021.
Cookin acquired by US-based, fellow chef-made meal delivery startup CookUnity
CookUnity eyes Canadian expansion starting with Toronto in 2025.
Sheertex maker SRTX gets $35 million CAD backing from IQ to grow manufacturing operations in Québec
STRX looking to close $70-million CAD convertible note financing round before end of year.
Canada Post strike didn’t slow Shopify’s record-breaking BFCM weekend
Shopify merchants drove $11.5 billion USD in sales over the weekend, eclipsing last year by more than $2 billion.
Lightspeed lays off 200 employees in second restructuring of the year
Online brokerage firm Questrade also reportedly laid off an undisclosed number of employees in recent days.
Hopper restructures again following renewal of Expedia partnership
Hopper reportedly cut 10 percent of staff just over a year after its last restructuring.
Shopify calls on feds to “do whatever is necessary” to resolve Canada Post strike before Black Friday
Shopify suggests federal government impose binding arbitration or legislation to make postal service operational.
The story of Sampler (live at SAAS NORTH 2024)
“I’m using failure with intent today, because I don’t want to be ashamed of saying failure.”
Why Sampler failed, according to its founder
Marie Chevrier Schwartz explains how her company lost product-market fit after a decade in business.
Insurance giant Intact scoops up home maintenance startup Jiffy
Deal expected to expand Jiffy’s service to more Canadian markets.
UniUni secures additional $42.2 million CAD to strengthen US expansion
Three-year revenue growth of nearly 13,000 percent earned the startup a spot on Deloitte’s Technology Fast 50.
AppDirect’s acquisition spree heats up as it reveals plans to purchase vCom Solutions
The deal marks the fourth acquisition for Canadian-founded AppDirect in the last two years.
Shopify rises on 26 percent revenue growth in Q3, strong holiday forecast
Shopify shares rose over 21 percent following its third-quarter earnings beat.
Lightspeed, Well Health hit new revenue milestones in latest quarterly earnings
Lightspeed beats revenue forecasts as Well Health reaches record revenues in fiscal Q3 2024.