S|W: The SaaS Weekly – The best places to work in Canada are US SaaS companies
Plus: Supply Vision acquired for $16 million.
SaaS
Benevity cites lower than expected customer demand as cause for 14 percent layoffs
Benevity joins Hootsuite, Lightspeed, Clutch, Clearco in significant staff cuts.
Milk Moovement countersues US competitor Dairy LLC, alleges monopoly abuse over dairy intelligence industry
Relationship soured last year when Milk Moovement allegedly spilled Dairy’s “trade secrets.”
Hootsuite CEO Tom Keiser replaced amid third round of layoffs
The 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
CEO says Vidyard considering M&A opportunities amid tech downturn.
NowVertical secures $7 million CAD credit facility, completes Acrotrend, Smartlytics acquisitions
NowVertical acquires more capital to fuel acquisition strategy.
S|W: The SaaS Weekly – Salesforce latest Big Tech company to make cuts in Canada
Plus: ApplyBoard swaps CEOs.
ReelData raises $10.6 million CAD using AI to monitor fish populations
Halifax startup reels in cash to help farmers monitor fish populations with accuracy.
Aptum Technologies acquires CloudOps to expand its cloud solutions
Combination of two cloud-based businesses opens up multiple sectors for Aptum, CloudOps in Canada, US, and UK.
Nokia opens new Toronto office as part of broader Ontario-wide expansion
Nokia previously announced plans to hire for 340 new jobs in the province.
Glassdoor names Google, Microsoft, Salesforce among best 25 places to work in Canada
Thomson Reuters, Levio, only Canadian tech firms on the list.
Able Innovations, Cognota, BlueDot among recipients of $14 million FedDev investment
Federal contribution expected to create over 230 skilled jobs across GTA.
Thinkific makes more layoffs as part of push towards profitability
Cuts hit 19 percent of staff as Canadian tech continues to feel impact of downturn.
Nanoprecise closes $13.4 million CAD Series B round for its manufacturing monitoring software
Edmonton startup combines wireless sensors with AI to detect small changes in machine performance.
