7shifts cuts 19 percent of staff in new layoffs to start 2024
This marks the restaurant software firm’s second workforce reduction in four months.
SaaS
Software acquirer Valsoft closes $229 million CAD in growth financing
Montréal consolidator claims its business has more than doubled in the last two years.
Vistara Growth bets on two US-based supply chain software companies
Vistara Growth recently closed $200 million for its fifth private credit fund.
MindBridge headlines slew of #CDNtech companies making executive leadership changes
ActiveState, Acuity Insights, AnalytixInsight, Volaris Group, Flashfood also named new CEOs just this week.
Bot management software startup Wysdom acquired by US-based Calabrio
Calabrio will integrate Wysdom’s virtual agent solutions into its customer support network.
NowVertical appoints Sandeep Mendiratta CEO as board looks to put company “back on track for growth”
Board promotes two leaders from NowVertical’s acquired companies to key leadership roles.
Springdel closes $5 million as it looks to bring automation to mobile device management
The startup’s enterprise customers include Cathay Pacific, Unilever, and 7-Eleven.
GrowerIQ acquires cannabis tech competitor Ample Organics from US-based Akerna
Deal returns Ample to Canadian ownership over three years after it was bought by Akerna.
US-based JMI Equity buys out Safe Software co-founder in strategic investment
30-year-old BC firm hopes to hit $250 million in annual revenue in five years.
Paul Patterson named CEO of enterprise data startup Cinchy
Co-founder and former CEO will develop a data product marketplace for the startup.
Requity Homes secures $26 million for rent-to-own platform as high interest rates loom over prospective homeowners
Requity aims to help renters become homeowners in markets outside of Toronto and Vancouver.
Top Hat CEO Joe Rohrlich and CRO Matt Schurk depart EdTech company
Departures come five months after the firm reduced its workforce by 42 employees.
Workforce micro-learning platform Spiffy acquired by Oliver Solutions
Spiffy survived the COVID restaurant crisis by pivoting to cannabis retail.
CDPQ invests $136 million CAD into AppDirect financing program for tech advisors
Investment builds on initial $100 million AppDirect received from the pension fund in 2021.
Alida appoints Efrem Ainsley CEO as software firm targets “long-term sustainability”
Ross Wainwright departs after four years with the company formerly called Vision Critical.