Author: Maplestime Staff

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Maplestime is Canada's digital newsroom — covering the stories, people, and issues that shape Canadian life every day. From breaking national news and immigration updates to entertainment, wellness, business, and local events, Maplestime delivers accurate, timely, and community-first journalism to Canadians across the country. Based in Canada and committed to Canadian voices, Maplestime is built for the reader who wants to stay informed without the noise.

Technologies

Electric aviation startup Beta Technologies has priced shares for its initial public offering between $27 and $33, in hopes of raising as much as $825 million, according to a regulatory document filed with the U.S. Securities and Exchange Commission. If the company attracts investors at the top of that range it will debut with a valuation of about $7.2 billion. The Vermont-based company, which was founded in 2017 by its enigmatic CEO Kyle Clark, filed the paperwork Wednesday despite the government shutdown. The SEC issued guidance earlier this month that allows companies in IPO limbo to allow their statements on…

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Open Text

OpenText is selling off its eDOCS unit to Utah-based NetDocuments for $163 million USD ($227.3 million CAD) in cash. The Kitchener-Waterloo-based company began exploring the sale of its “non-core assets” in August to focus on its core business of information management for artificial intelligence. The eDOCS business, which helps legal professionals with document management, contributed approximately $30 million in revenue to OpenText’s latest fiscal year. The deal includes integrating the eDOCS software and its associated customer contracts, services, and employees into NetDocuments. BetaKit has asked for details on the number of impacted workers. The transaction is expected to close by…

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