Three comma club

"Can't wait to paint the next Picasso on the combined forces of Galvanize and Diligent employees, customers and partners." - Laurie Schultz, CEO of Galvanize

Good afternoon and welcome to the new Vancouver Tech Journal subscribers reading this week. Today’s Sunday Briefing, February’s last (!), is 1,828 words, a 6-minute read. Enjoy.

-William (@notionport)

🌐 Galvanize, a Vancouver company that specializes in risk and compliance software, was acquired by Diligent, a NY-based governance software firm, in a deal worth $1 billion.

“Friends, today we announced that Galvanize will become part of the Diligent family,” said Galvanize CEO Laurie Schulz on LinkedIn. “The impact of which will be an immediate, material and meaningful redefinition of the [governance, risk management, and compliance] category as we know it.”

  • Galvanize is a leader in AI-powered anti-fraud and risk-management software to corporations. The firm has 6,000 customers in 130 countries and is one of B.C.’s most successful companies led by a woman.

  • Big deal: Through the transaction, Diligent becomes the largest provider of software for tracking governance, risk and compliance needs by corporations.

💘 “Tinder is your parents' dating app.” Kimberly Kaplan, an early employee and former executive at Vancouver’s Plenty of Fish, launched Snack, a video first dating app.

Kaplan, who was part of the executive team at Plentyoffish, which sold to Match Group in 2015 for $575 million, will be joining the Vancouver Tech Journal’s weekly Clubhouse show this Tuesday, March 2 at 9am PST.

⏩ Quick Takes

📈 Pulse check: The health and biotech news keeping hearts racing.

🏦 Banknotes: Financial news to know.

📝 Views from the 604: The week’s sharpest ideas and opinions.

👩🏻‍💼 Personnel issues: People going places.

💼 Pole positions: Tech jobs that matter.

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Vancouver Tech Journal is testing a Morning Report. It includes everything in the Sunday Briefing and more—but it’s delivered to your inbox daily at 6:00am from Tuesday to Friday. For anyone who relies on the most up-to-date tech news to fuel their workday, deal flow and decision making, the Morning Report is for you. Join the waitlist to be considered for our ongoing beta test.

😎 Pretty cool: What else is new and novel.

📅 Mark your calendar to match ours.

This Tuesday (March 2), on Vancouver Tech Morning Coffee, our weekly Clubhouse show, we welcome special guest Kim Kaplan, CEO of Snack, which, as noted above, recently launched with $3.5 million in financing.

‼️ Double take: In case you missed these stories.

⌛ That’s it. Until next week…

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