Bell to acquire Montréal cloud services provider FX Innovation
Bell posted an 88 percent decline in free cash flow since the first quarter of 2022.
SaaS
1Password CEO calls Google’s move to passkeys “tipping point” for eliminating passwords
1Password is on a mission to lead the shift from traditional passwords to passkeys.
S|W: The SaaS Weekly – Inside the Salesforce slowdown
Plus: After Canadian pilot, Google expands cloud accelerator to US startups.
BlackBerry considering breaking up its businesses to improve revenue, cash flow
BlackBerry’s year-over-year revenue declined by 18 percent.
RenoRun shuts down operations as it pursues sale of assets
RenoRun expects to close a purchase of its assets by no later than May 15.
Odaia closes $34 million CAD Series B to fix “bottleneck” in drug delivery process
Roster of big pharma clients helped Odaia nab latest funding round.
As Bill C-11 passes, YouTube influencers, content creators express concern while Big Tech quiet
Bill C-11, the so-called online streaming bill, passed on April 27.
S|W: The SaaS Weekly – Certn targets global expansion, Huawei builds Oracle replacement
Plus: Salesforce is working on new generative AI-driven workflow tools.
Reddit says Canada one of its largest and most key markets globally
Canada represents Reddit’s third-largest market after the US and UK.
Tentree founders spin out platform to help businesses keep their tree planting promises
CEO: “For us, Tentree was never an apparel business that planted trees.”
Practice Better raises $27 million USD to grow client management software for wellness providers
Practice Better claims to have more than 10,000 customers in more than 70 countries.
After “pilot” program in Canada, Google expands cloud accelerator to US startups
The accelerator will support startups building AI applications in the cloud.
RenoRun granted court extension in insolvency filing to pursue sale
RenoRun asked for extension amid “a high level” of interest from potential buyers.
US data integration company Boomi plans expansion into Canada, starting with new office in Vancouver
Boomi has been building out its C-suite with locally based talent to lead the expansion.
KB Nam officially named president of Wattpad following recent leadership change
KB Nam was hired as interim president following two previous leadership departures.