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.
SaaS
Valsoft reloads acquisition war chest with $216.7-million CAD funding round
Vertical software rollup company made nearly 20 acquisitions in 2024.
Bench had a crazier holiday break than your startup
Bench acquired by Employer.com three days after abrupt Dec. 27 closure.
Thomson Reuters acquires American tax automation software SafeSend for $600 million USD
SafeSend integrates with various tax preparation products, including Thomson Reuters’s own UltraTax CS.
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.
Flare raises $42.5-million CAD Series B to go global with cyber threat detection tech
Threat exposure management startup aims to head off credential theft with AI tools.
Absorb to acquire Together in bid to bring mentorship to its learning software
Calgary firm to absorb Together to provide more “comprehensive learning solution.”
Privacy Commissioner announces LinkedIn will pause training AI with data of Canadian members
Commissioner said LinkedIn believed its training model was privacy protective, but agreed to engage in discussions.
TikTok challenges feds’ shutdown order, calls national security review process “procedurally unfair”
Social media giant describes conflicting instructions during national security review.
Cookin acquired by US-based, fellow chef-made meal delivery startup CookUnity
CookUnity eyes Canadian expansion starting with Toronto in 2025.
Alberta Enterprise Corporation launches Accelerate Fund IV with $15 million to back early-stage tech startups
First close from AEC brings Fund IV more than halfway to its $25-million target.
Lessons in leadership, hiring, and AI from SAAS NORTH 2024
Also discussed: how to make leather from mushrooms. SAAS NORTH 2024 was crazy.
Benevity reports over $140 million donated through its platform this Giving Tuesday
Calgary company sees dip in total donations, but rise in volunteering compared to 2023.
Musical AI partners with India’s Beatoven.ai to create “fully licensed” AI song generator
Music tech startups join forces to compensate IP holders for songs created with AI.
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.