Tag: restructuring
H|T: The Healthtech Times – Mednow announces restructuring and search for buyer
Plus: Public servant tells MPs federal chief technology officer lied about ArriveCan app. The Healthtech Times is a weekly newsletter covering healthtech news from…
Virtual care platform Mednow announces restructuring, looks for buyer
Receivership occurs just over two years after listing on the TSX Venture Exchange. Toronto-based digital pharmacy startup Mednow has been placed into receivership under…
National Bank acquires Silicon Valley Bank’s Canadian commercial loan portfolio
The $1-billion CAD portfolio includes $325 million CAD in outstanding loan commitments. The National Bank announced Aug. 1 an agreement to acquire the commercial…
Restructuring is here for Canadian startups as VC funding dries up
Plus: Two global SaaS firms relocate HQs to Calgary. Welcome to BetaKit’s startup stories of the week! Here, you will find the week’s most…
Tiptap and Omnirobotic pursue restructuring after startups fail to raise additional funding
As VC financing has dried up, a growing number of Canadian tech firms are running out of cash. Burlington, Ont.-based Tiptap and Laval, Qué.’s…
Symend reduces team by 25 percent in restructuring, four months after $54 million round
Latest cuts come after Symend laid off 13 percent of staff late last year. Calgary-based software startup Symend has restructured and reduced its staff…
Canada Drives undergoing restructuring as it files for creditor protection
“The rising costs of holding inventory…has made this specific business model no longer viable.” Vancouver-based auto marketplace Canada Drives is undergoing restructuring of its…
Faced with insolvency, Ottawa’s Tehama forges ahead with founder-backed restructuring
Software startup for remote teams pursuing federal contract after fundraising falls through, bank relationship sours. Faced with difficult competition in the market and inhospitable…
S|W: The SaaS Weekly – Hootsuite restructuring spells massive layoffs
Plus: HR tech startup Humi acquires SaaS scheduling startup Ameego. The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada and…
Hootsuite restructuring, laying off 30 percent of employees
CEO: “We need to refocus our strategies to drive efficiency, growth and financial sustainability.” Hootsuite is set to lay off 30 percent of its…