Freshbooks finally gives in to suitors, raises $30-million Series A

freshbooks iphone

Toronto’s Freshbooks today announced it has raised (US) $30-million in its first institutional round. The financing was led by Oak Investment Partners and included Atlas Venture and Georgian Partners. The company says it will use the money to accelerate its growth. CEO Mike McDerment commented on the deal. “Small business owners are grossly under-served when [...]

Counterpath soars after it is awarded authentication patent

Counterpath CEO Donovan Jones.

Shares of Counterpath (TSX:CCV) gained more than 27% Monday after the company was granted a patent for network based authentication. The Vancouver-based mobile application software company was awarded United States patent No. 8,763,081 from the U.S. Patent and Trademark Office. The patent will come as relief to those tired of trying to remember the host [...]

Halogen’s valuation shadow could undercut Canada’s tech IPO momentum

Halogen Software CEO Paul Loucks (centre) with company employees.

The deals are there for Canadian technology companies and its broader ecosystem, that’s for sure. Kinaxis (KXS:TSX), Critical Control (CCZ:TSX), DIRTT (DRT:TSX) and Espial (ESP:TSX) have all raised equity via public offerings over the past few weeks. And that’s just a representative list of Canadian-based tech firms which have been able to get something done [...]

Montreal’s Acquisio Helped Into London Digs by Expansion Québec

Acquisio CEO Martin Le Sauteur: "Our presence in London represents another step toward the development of our business on the international scene."

Expansion Québec, a non-profit established in 2011 by the Quebec government, has opened a London office, with Montreal performance media platform company Acquisio as tenant for its business premises. Aside from the prestige of having a centrally located London address from which to operate, the footprint provides Acquisio a value-laden network to leverage in the [...]

Instaradio Sees Farsi Language Use Spike After Iranian Rapper Fatwah

Najafi’s first broadcast on Instaradio was played more than 150,000 times during its first four days online.

With all the talk about “disruption” floating around start-up culture right now, you’d think something revolutionary was going on. Dig a little deeper and the calibre of things being disrupted tend to be along the lines of the taxi industry, finding parking spaces, beard growing competitions, etc. The stakes couldn’t really be lower. Now consider [...]

Big Data Pioneer FICO Brings Its Cloud Solution to Canada

FICO Canada Managing Director Kevin Deveau: "This data’s been around for years. But there just hasn’t been the skills and the capabilities to be able to truly manipulate it. And we’re there."

With Big Data suddenly on everyone’s lips, it’s easy to forget that certain aspects of life have been steeped in the interpretation of large data sets for decades. Sports fans can instantly rattle off reams of data relating to their favourite teams and players. The insurance industry knows pretty well how to calculate risk. And [...]

Absolute Software CEO change gets thumbs up from Cormark


The announcement of a new CEO at Absolute Software (TSX:ABT) removes what Cormark analyst Richard Tse says was one of the biggest negatives at the firm; a history of unfocused leadership. On Friday, Absolute Software announced that after an extensive CEO search, it had found its man in Geoff Haydon, a man with extensive experience [...]

Room At The Top: How LightSpeed Retail Became a Dominant Player in Mobile POS

"That’s why some retailers thrive and do well and others don’t, because the ones that do well are centering all of their systems and crafting their experiences around those consumers, and they’re making it so good that it is entertainment. Shopping, to some degree, is entertainment."

It’s difficult to remember now what life was like before the smartphone, and it will be practically impossible to talk to anyone about life without a mobile interface 10 years from now without sounding like you’ve either just been released from a 30-year prison sentence and are having difficulty adjusting to life in the modern [...]

Vancouver’s tech history is illustrated in this beautiful infographic

tech in vancouver grab

A beautiful new infographic from Visual Capitalist illustrates a timeline of Vancouver’s tech history. More than four years ago in these pages, Brent Holliday, now of Garibaldi Capital, wrote about how the innovation sectors in Vancouver were a little bit of this, a little bit of that, but really had no defining force the way [...]

Fixmo Acquired by Good Technology


A couple weeks ago in these pages, Cantech intuited that a recent critique posted on the Inside BlackBerry blog of U.S. mobile security firm Good Technology meant that the company, which recently filed for an IPO, was preparing a takeover of Toronto-based Fixmo Inc. And indeed, this morning Good Technology announced the acquisition of most [...]