The people
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Working at Xtreme Labs
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About
Xtreme Labs was founded in Toronto in November 2007 by Amar Varma and Sundeep Madra, and became one of the largest mobile development shops in Canada — building apps for big clients at a moment when most companies had no mobile capability of their own. Its alumni network is one of the more durable things it produced: Farhan Thawar ran engineering there and spoke at TechTO in September 2016 about hiring engineers, arguing that standard interviews predict performance poorly. Chamath Palihapitiya bought a majority stake in the business in September 2012, and San Mateo-based Pivotal acquired it in October 2013, in a deal BetaKit reported at $65 million cash. The sale had a long legal tail: an Ontario court later ruled against Varma, Madra and Palihapitiya in a suit brought by other Extreme Venture Partners shareholders over the handling of the sale and a Tinder stake, and the appeal was lost.
Backers
Chamath Palihapitiya personally bought a majority stake in September 2012; Extreme Venture Partners was an early shareholder. Pivotal acquired the company in October 2013.
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Quick answers
What was Xtreme Labs?
A Toronto mobile development company, founded in 2007, that built apps for large clients and trained many of the engineers who went on to run mobile teams across Canadian tech.
Who founded Xtreme Labs?
Amar Varma and Sundeep Madra, in Toronto in November 2007. Farhan Thawar, later VP and head of engineering at Shopify, ran engineering there.
What happened to Xtreme Labs?
Chamath Palihapitiya bought a majority stake in 2012, and Pivotal acquired the company in October 2013 — BetaKit reported $65 million in cash. A shareholder lawsuit over the sale ran for years afterwards.