Nasdaq, the New York stock exchange focused on tech companies, has agreed to buy St. John’s-based anti-fraud software maker Verafin for US$2.75 billion (C$3.6 billion) in cash.

The marriage of Nasdaq and Verafin will produce a leader in “Anti FinCrime”, they said in a statement, bringing Verafin’s best-in-class software into a stock exchange with relationships with the world’s biggest financial

The benefits of Verafin’s sale to Nasdaq will be felt throughout Newfoundland and Labrador, and Atlantic Canada, impacting entrepreneurship, investment and philanthropy in a big way.

The New York tech-focused stock exchange announced Thursday it would pay $2.75 billion in cash for Verafin, whose software helps financial institutions battle fraud and money laundering. The announcement made a

Editor's note: With the announcement of Verafin's exit, we've decided to republish this 2014 article, in which CEO Jamie King outlined the culture his team used to grow the company. 

 

One week before he announced the deal that would transform his company, Verafin CEO Jamie King came home to his alma mater to describe the secret to his company’s success.

King and two co-founders had started

Halifax-based SalesRight, which helps B2B Software-as-a-Service companies simplify their pricing, has been acquired by Santa Barbara, Calif.-based FastSpring for an undisclosed price.

FastSpring is a privately owned ecommerce firm targeting software and SaaS companies, and will use the SalesRight software to provide its clients’ sales teams with interactive quoting and digital signature tools.

Further ramping up its activity, Canada’s Ocean Supercluster on Thursday announced it is backing four more projects that aim to grow Canada’s marine economy, benefit the environment and encourage diversity.

The oceantech initiative backed by the federal government said the four projects will be worth a total of $12.2 million, with the Supercluster contributing almost $6 million in funding. The

One of the bright spots of the Atlantic Canadian startup community in 2019 was the strong showing by rural innovators, especially in Nova Scotia.

A stalwart of the startup community once told Entrevestor, “Innovation tends to be an urban phenomenon.” The fact that 90 percent of the companies covered in our 2019 Atlantic Canadian Startup Data report are based in cities certainly lends credence to

Introhive, which makes B2B sales intelligence software, has been named to the 2020 Deloitte Fast 50 Technology Awards for the second time in as many years.

The company, which is based in Fredericton and Washington, D.C., announced today that it was named the 19th fastest-growing IT company in the country, as its revenues increased 938 percent from 2016 to 2019. Last year, the global consultancy

Nova Scotia Business Inc. on Tuesday named 10 Atlantic Canadian companies to the Scale-Up Hub: Cambridge, which helps scaling companies find clients in the New England market.

For the past two years, the Scale-Up Hub has helped participating companies to establish a base in Cambridge, Mass., and generate sales in the New England market. The project aims to give growing tech companies long-term

SimplyCast, the Dartmouth-based marketing automation company, is aiming to hire 100 interns in 2021 to help post-secondary students thrive during the pandemic.

The company said in a statement on Tuesday that it will start by taking on as many as 30 students for a four-month work term during the coming winter semester. With new intakes in the summer and autumn semesters, the company hopes to

St. John’s-based Oliver POS has partnered with Nexcess, a major web-hosting company specializing in ecommerce, to help distribute its technology to more ecommerce merchants.

Oliver has developed a Software-as-a-Service product that enhances retailers’ point-of-sale, or POS, capabilities. Its sales – which now extend into more than 70 countries – have surged with the global wave of merchant