Tag: billion
OpenText closes $5.8 billion USD acquisition of Micro Focus, makes workforce reduction
OpenText said it expects to cut the combined entity’s teams by 8 percent due to Micro Focus acquisition. Kitchener-Waterloo-based OpenText has closed its acquisition…
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. After seeing strong pandemic-fuelled growth, Kitchener-Waterloo software startup Vidyard is aiming to hit the $100…
A|I: The AI Times – ChatGPT creator OpenAI in talks to raise at $29 billion valuation
Plus: AI regulation is coming to Canada. The AI Times is a weekly newsletter covering the biggest AI, machine learning, big data, and automation…
Nuvei enters $1.7 billion CAD deal to acquire US payments tech firm Paya
Paya’s share price climbed by 24 percent following the news of its potential acquisition. Montréal-based FinTech startup Nuvei has entered a deal to acquire…
A|I: The AI Times – OpenAI projects $1 billion in revenue in two years
Plus: Cohere hires YouTube CFO as president. The AI Times is a weekly newsletter covering the biggest AI, machine learning, big data, and automation…
R|T: The Retail Times – Inside Hopper’s key strategic relationship and $5 billion valuation
Plus: Where and why Shopify is outsourcing customer support. The Retail Times is a weekly newsletter covering retail tech news from Canada and around…
Hopper closes $96 million USD from Capital One at more than $5 billion valuation
Montréal-based Hopper has secured about $96 million USD ($130 million CAD) in equity funding from American financial giant Capital One to build out its…
Telus to acquire product development shop WillowTree for $1.2 billion USD
WillowTree’s clients include Fox, CBC, PepsiCo. Telus has entered into an agreement to acquire American tech company WillowTree, which develops digital products like native…
26 Canadian tech startups added to list of firms on path to $1 billion in annual revenue BetaKit
Another 26 Canadian tech companies are on their way towards reaching $1 billion in annual revenue, according to a data-based initiative from Kitchener-Waterloo’s Communitech….
With new Thrive platform, BDC commits half a billion dollars to invest in Canadian women-led startups and funds
BDC Capital’s Women in Technology Venture Fund team has its second fund, lots more capital, and an expanded mandate. The Business Development Bank of…