Venture Capital

The Buzz: Canada ranks second globally for ransomware, Top Down closes $38M MSP fund, and Barracuda maps the new email threat landscape

May 12, 2026 Robert Dutt 0

Canada moves to second globally in ransomware attacks per Fortinet, Top Down Ventures closes its oversubscribed Founders Fund I at $38M Canadian, and Barracuda’s analysis of 3.1 billion emails maps where the threat is heading next.

Encryption startup Fortanix targets channel expansion with just-closed $23 million Series B funding round

January 30, 2019 Mark Cox Comments Off

The company’s investments here include the appointment of Tammy Schuring as the first head of sales, and the development of a channel expansion strategy.

Channel-focused next-gen storage vendor Reduxio receives large funding boost

March 20, 2017 Mark Cox Comments Off

Expansion into Canada is among the objectives from the new cash infusion from Reduxio’s Series C funding.

Cisco Canada opens Toronto Innovation Centre

January 13, 2016 Robert Dutt Comments Off

Cisco Canada’s new Innovation Centre aims to create a place to work together with customers and partners on creating new solutions.

Brian Bourne, president of the new New Signature Canada

Toronto-based CMS Consulting acquired

June 2, 2015 Robert Dutt Comments Off

CMS Consulting becomes New Signature Canada as budding Microsoft super-VAR expands into Canada.

Cisco to invest $150m in Canadian tech startups

June 20, 2014 Robert Dutt Comments Off

The Cisco Canada Innovation Program promises $150 million to support Canadian innovators, part of a growing investment in the Canadian market.

ConnectWise aims to exploit Autotask sale

June 17, 2014 Larry Walsh (Channelnomics) Comments Off

ConnectWise is looking to capitalize on the acquisition of rival professional services automation vendor Autotask by inviting users to defect.

FireMon, a solution provider spinoff, sold to VC

June 11, 2014 Larry Walsh (Channelnomics) Comments Off

FireMon, a security intelligence software vendor spun off from FishNet Security, received a majority stake investment from Insight Venture Partners.

After long-simmering rumors, Autotask acquired

June 10, 2014 Larry Walsh (Channelnomics) Comments Off

Autotask acquired by private equity firm Vista Equity Partners for an undisclosed price, making it the latest shakeup in the managed services segment.