S|W: The SaaS Weekly – Twitter v. Musk
Plus: Highflying cyber firms cut staff after raising hundreds of millions of dollars.
SaaS
English digital transformation company Adaptavist picks Toronto for North American headquarters
Adaptavist wants to add up to 800 jobs and invest more than $50 million.
Companies secure collective $1 million after Startup TNT Summit V
Startup TNT co-founders raising venture fund.
Fluence acquires SaaS startup Sturnis365 to expand European presence
Fluence’s second acquisition in six months gives the startup an end-to-end accounting solution.
S|W: The SaaS Weekly – Byju’s, Tencent, ByteDance hit with layoffs
Plus: Avanade, Nautical Commerce, Twilio, Dealpath plot Canadian expansions.
International IT firm Globant opens office in Toronto, plans to recruit 200 people
Globant is looking to hire people with backgrounds in AI, gaming, blockchain.
TrackTik acquired by US security workforce management firm Trackforce
The two companies consolidated to better track security operations.
Wattpad launches creator monetization program with $2.6 million in writer stipends
Program will first roll out to English-speaking writers around the world.
IBM Canada to launch innovation centre in Calgary, hire 250 staff
The Calgary innovation centre could reach up to 430 hires.
US companies Avanade, Nautical Commerce, Twilio, Dealpath plot Canadian expansions
All four plan to conduct a hiring spree amid a growing number of global tech layoffs.
Isaac Souweine leaves Real Ventures, joins Pender Ventures to support Vancouver firm’s expansion across Canada
After backing nine startups through first fund, Pender Ventures hopes to raise $100 million CAD for Fund II.
Cadence closes $1.2 million to ease the administrative burden for grieving families
Backed by Conexus, Lex Capital, The51, Cadence aims to expand across North America.
Maxa raises $2.9 million CAD to help businesses automate resource planning
Investor says ERP space is “ripe for change.”
S|W: The SaaS Weekly – 1Password’s CEO isn’t worried about Apple
Plus: ApplyBoard CEO says market downturn isn’t slowing down international expansion or IPO plans.
Hyatt brothers’ BlueCat to be acquired by another US private equity firm
Audax purchasing Toronto-based BlueCat from Madison Dearborn.