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Waterloo EDC Blog

News round-up: Seven business and investment stories from October 2019

Posted by Waterloo EDC on November 1, 2019

Several exciting business developments emerged from Waterloo throughout the month of October as businesses announced new expansions, centres of innovation and accelerator programs.

Here are seven breaking business and investment stories from the last month:

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Topics: technology, automotive, talent, business, site selection

Waterloo leads Canadian contingent on new global cybersecurity ranking

Posted by Waterloo EDC on October 30, 2019

Earlier this month, Cybersecurity Ventures – the world’s leading researcher of the global cyber economy – announced their very first Hot 150 list of cybersecurity companies to watch in 2020.

Amongst a group of international candidates, five companies from Canada made the list, three of which are based in Waterloo. When we looked a little closer, we discovered that two others have operations...

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Topics: security, technology, site selection

Three reasons California-based Carta came to Waterloo

Posted by Waterloo EDC on October 24, 2019

On October 15, California-based fintech company Carta announced an expansion in Waterloo. Founded in 2012, Carta’s cap table software supports over 800,000 security holders at more than 12,000 companies. This software helps these companies manage more than $575 billion in equity.

The company arrived in Waterloo through the acquisition of 51 employees from Kik, the messenger app company that...

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Topics: technology, artificial intelligence

FleetCarma acquisition has electrified telematics giant Geotab

Posted by Waterloo EDC on October 23, 2019

When large technology companies buy smaller ones, they often assimilate the technology and intellectual property, integrate the workforce and, eventually, leave the company’s original community.

But that’s not what happened when Geotab Inc. bought Waterloo-based FleetCarma last year. Geotab decided to not only keep the staff in Waterloo, but to invest and expand the Waterloo division, now...

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Topics: technology, automotive, business, artificial intelligence

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