S|W: The SaaS Weekly – Hootsuite swaps CEOs amidst third set of staff cuts
byPlus: Magnet Forensics gets acquired in $1.8 billion CAD deal.
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Canadian-led, New York-based AtomicJar aims to hire in Canada with $25 million USD Series A
byUS software testing firm hopes to build “centre of excellence” in Canada.
Tiny enters deal to go public on TSXV through merger with WeCommerce
byTiny created WeCommerce in 2019 to acquire Shopify partner businesses.
Spinout Traction Complete standing on its own with new $6.7 million CAD Series A, big-name clients
byStartup will stay in the family business after ex-parent Traction on Demand’s acquisition by Salesforce.
Harvest Builders, Headversity, among 15 recipients of $25.5 million PrairiesCan investment for Calgary businesses
byThe funding is expected to support over 800 jobs in healthtech, cleantech, other sectors.
TSX-listed Magnet Forensics to be acquired by Thoma Bravo in $1.8 billion CAD deal
byAnnouncement comes hours after IIROC halted trading of Magnet’s shares.
S|W: The SaaS Weekly – The best places to work in Canada are US SaaS companies
byPlus: Supply Vision acquired for $16 million.
Benevity cites lower than expected customer demand as cause for 14 percent layoffs
byBenevity joins Hootsuite, Lightspeed, Clutch, Clearco in significant staff cuts.
Milk Moovement countersues US competitor Dairy LLC, alleges monopoly abuse over dairy intelligence industry
byRelationship soured last year when Milk Moovement allegedly spilled Dairy’s “trade secrets.”
Hootsuite CEO Tom Keiser replaced amid third round of layoffs
byThe cuts mark Hootsuite’s third round of layoffs in the last six months.
Vidyard sets sights on $1 billion in revenue as it bolsters go-to-market efforts
byCEO says Vidyard considering M&A opportunities amid tech downturn.
NowVertical secures $7 million CAD credit facility, completes Acrotrend, Smartlytics acquisitions
byNowVertical acquires more capital to fuel acquisition strategy.
S|W: The SaaS Weekly – Salesforce latest Big Tech company to make cuts in Canada
byPlus: ApplyBoard swaps CEOs.
ReelData raises $10.6 million CAD using AI to monitor fish populations
byHalifax startup reels in cash to help farmers monitor fish populations with accuracy.
Aptum Technologies acquires CloudOps to expand its cloud solutions
byCombination of two cloud-based businesses opens up multiple sectors for Aptum, CloudOps in Canada, US, and UK.