Magnet shares independent advisor report recommending $1.8 billion acquisition as some shareholders push to halt deal
One of Magnet’s largest investors says $1.8 billion price tag “simply too low.”
SaaS
S|W: The SaaS Weekly – Salesforce’s ‘one big family’ is showing cracks. Can Slack’s new CEO hold it together?
Plus: Not the first LastPass breach
Loopio, Reelhouse co-founders launch Barley to help make employee compensation easier, more equitable
Golden Ventures-backed Barley has raised $5.4 million CAD to date.
S|W: The SaaS Weekly – TikTok under investigation in Canada for data use
Plus: DOJ to block Adobe’s Figma deal?
Hootsuite follows Twitter lead as company ditches free plans
Twitter eliminating free API access is expected to have wide-ranging implications.
Miovision acquires Winnipeg’s MicroTraffic to better predict traffic collisions
MicroTraffic uses AI to predict potential traffic accidents.
Government of Canada to launch $250 million initiative to train skilled workers
In record-tight labour market, feds aim to upskill workers for high-growth industries.
Canadian privacy commissioners launch joint investigation into TikTok data use
TikTok agreed to a $2 million settlement for a Canadian class action lawsuit last year.
At adtech startup Nova, president Matt Crenshaw steps into the CEO position
Former CEO Gupta shifts over to the board, advisory role.
Croptimistic acquires CropPro Consulting, secures $9.1 million from Forage Capital
Cory and Shannon Willness first built CropPro in 2003, then Croptimistic in 2018.
IrisCX secures $6.2 million CAD to help home product, services firms provide video-based customer support
IrisCX limits in-person service calls by empowering consumers to perform tasks traditionally done by technicians.
AAVAA closes $2 million CAD to develop smart listening device
AAVAA’s tech allows users to control their electronic devices using their brain.
Round13 leads System-3’s $3.6 million round to mitigate bias in hiring leadership talent
System-3 taking cues from aviation industry training to evaluate company leadership.
S|W: The SaaS Weekly – YouTube’s CEO to step down
Plus: Wix, DocuSign make cuts.
Cogeco acquires independent internet provider Oxio’s telecom business
The purchase marks latest blow to Canadian telecom competition.