News Feed: Business Services
Invest in Canada - Business Services Investment News
2013-05-28 - San Francisco-based fund administrator Conifer Fund Services will open a fund administration office in Halifax as part of its strategy to grow in North America. Halifax was selected over competing locations based on Nova Scotia's nearshore advantages including cost, proximity to clients, and access to skilled talent. According to KPMG, Halifax is the fastest growing hedge fund administration centre in Canada. In KPMG's Competitive Alternatives 2012 Report, Halifax ranks number one out of all Canadian and U.S. cities surveyed for lowest business operating costs in the International Financial Services sector.
2013-05-26 - Marsh is expanding its Captive Solutions Group by adding 60 jobs to its Halifax operation over the next five years. Marsh expanded to Halifax in 2006, when it had 10 international accounts under management, and today it has 300. It provides consulting, design and management services to more than 1,200 captive insurance companies around the world. A captive is a form of self-insurance by corporations, groups and consortiums. Many of Marsh's clients are Fortune 500 companies.
2013-03-25 - Liolios Group, a financial communications firm headquartered in California, representing micro to mid-cap companies, has opened an office in Toronto to expand the firm's global presence and serve its growing list of Canadian clients. John MacLennan has been appointed managing director of the new office, responsible for Canadian client services, including outreach to Canadian and U.S. investors, money managers, equity analysts and financial press on behalf of Liolios Group clients.
2012-11-07 - IBM announced it has chosen Nova Scotia as the location for its only Global Delivery Centre in Canada. IBM expects to create up to 500 new jobs over the next eight years. IBM signed an agreement with NSCC and five universities to help develop a workforce with the right skills and training for the growing analytics industry. IBM will make student recruitment a major focus, and will invest in research at the institutions. A provincial government release says 500 employees would earn almost $130 million over eight years.
2012-09-20 - Minnesota-based farmer cooperative CHS said it will acquire an Alberta-based agricultural retailer, DynAgra Corp., strengthening its footprint in the western province. DynAgra has about $30 million in sales annually and sells more than 32,000 tons of fertilizer each year, along with crop protection chemicals. It has four Canadian locations. Terms were not disclosed.
2012-09-17 - Amazon Canada Fulfillment Services announced it is planning to open a new facility in Delta, B.C. this fall, creating more than 100 full-time jobs. The company says the new Canadian fulfillment centre will be its first on the West Coast. The only other centre is in the Toronto area. The centres help the Seattle-based online retailer to deal with customs issues and fill the orders placed by Canadian customers. The plan was reviewed under the Investment Canada Act and was eventually approved, with the condition that Amazon invest more than $20 million, including $1.5 million for cultural events and awards and for promoting Canadian-authored books abroad.
2012-09-13 - U.S.-based Alphanumeric Systems, an information technology and learning services provider, announced the opening of its new offices in Montreal, which includes a global, multilingual clinical-application service desk, technical application support, as well as an administrative unit. The company, which has been established in North Carolina for over three decades, is now hiring 50 full-time workers in the Montreal region and plans to triple its staff in the next 12 months by providing tailored services to its North American customer base and new client acquisition.
2012-06-05 - Elite, a Thomson Reuters business, is expanding its workforce in Moncton, N.B., creating 25 new full-time jobs. The investment will contribute $1.3 million annually to the province's GDP. Invest NB is providing $495,000 in financial assistance to the company through payroll rebates. Elite provides integrated information solutions to professional services firms worldwide.
2012-01-04 - Xerox Corp., a Conn.-based printing company, acquired LaserNetworks, an Oakville, Ont.-based provider of managed print services. Although financial terms of the transaction were not disclosed, Industry Canada filings note LaserNetworks has annual revenues ranging between $10-million and $25-million, suggesting the final price tag would be above the high end of that range. Since being founded in 1987, LaserNetworks has been named Profit Magazine’s fastest growing company three times and currently has 189 employees. Under the terms of the deal, founder Chris Stoate will continue to lead the company as the top executive of a Xerox Canada subsidiary.
2011-12-09 - March Networks, a Kanata-based developer of video surveillance technology, revealed it had agreed to be acquired by Infinova , a unit of Shenzhen Infinova of China, for $90 million. This was the culmination of nearly six months of searching by March Networks for a way out of an impasse. Even before March Networks’ board of directors decided last June to canvass a range of options — from mergers to private equity transactions — the company’s CEO Peter Strom had been discussing a business arrangement with Infinova, which generates the majority of its sales in China.
2011-11-06 - UPS says it will expand its Canadian network by opening its own operations in Atlantic Canada next April, creating about 250 jobs. The package delivery giant said it will begin pickup and delivery services in Moncton and Halifax, replacing its current agent. UPS says it will add other cities to the network later in 2012. The expansion involves a multimillion-dollar investment from the company based in Mississauga which is part of the UPS, a global package delivery company based in Atlanta, Ga.
2011-06-08 - Massachusetts-based B4 Consulting, which helps companies grow with SAP software, services and support, announced the opening of its Canadian subsidiary, headquartered in Toronto. With offices in the U.S. and Germany, the opening of B4 Consulting in Toronto expands the firm’s North American market presence. Moreover, it enables B4 Consulting to meet the needs of midsize companies throughout Canada by offering them the complete portfolio of SAP midmarket solutions.
2011-05-30 - Vindicia, a provider of SaaS billing solutions based in Califormia, announced its expansion to Toronto in order to support its rapidly growing customer base in the country. Vindicia's CashBox product, enables clients to transact in local currency, send communications in local languages and accept payment types popular in a particular geography, including Canadian-specific payment methods like Canadian electronic check. "Canada is a critically important market for us and we have witnessed broad demand for our services from every province," said Chairman and CEO Gene Hoffman.
2011-05-25 - TPG America announced the opening of a new Canadian office in Montreal to serve it's growing Canadian market. It is also said that additional Canadian opportunities provided the stimulus for the creation of a dedicated team and office based in Montreal. Headquartered in Jamison Pa., the company is a full service provider for enterprise-wide project management.
2011-05-10 - Sonru announced its entry into the Canadian market via a Reseller agreement with Workshift Systems Corporation, a provider of Technology Management, design infrastructure, support and business consulting. Sonru, headquartered in Ireland, has already seen its technology significantly streamline and improve the screening process for recruiters and hiring managers of blue chip companies in Ireland, the UK and Europe and will capitalize on Workshift’s network of clients to offer its innovative product to recruiters across Canada.
2011-04-28 - Landsberg, a division of California's Amcor Packaging Distribution, openned a new facility in Toronto. With this facility, Landsberg gains new global markets reach and promises to infuse the Canadian market with "innovative packaging solutions backed by an extensive global supplier base, optimal logistics and a proven operational infrastructure," according to this company announcement.
2011-04-28 - AccessData announced a new facility in Canada that will expand their Summation Litigation Support Services (SLSS) business. SLSS is a managed legal document processing, hosting and review service, providing clients with document review management.
2011-03-28 - AdzZoo, LLC, a search engine marketing provider for small to mid-size businesses, announced that it will be expanding to Canada. Canadian businesses in British Columbia and Ontario will be able to use AdzZoo's approach to small business marketing. There are plans to expand to additional provinces in the near future. AdzZoo is a Google Certified Partner.
2011-03-27 - Utah-based inthinc Technology Solutions Inc., a telematics company centered on fleet management and driving safety, announced an investment in Calgary, Alberta. This facility in Calgary is the second Canada-based inthinc facility announced in less than one year. "Our Canadian customer base has grown by nearly 50% over the past two years," said Todd Follmer, CEO, inthinc Technology Solutions.
2011-03-20 - A UK online advertising company, Glam Media Inc., is expanding in Canada with the acquisition of Toronto-based BBS Media. Fueled by the market's acceptance of online advertising, Glam Media has experienced "massive growth" in 2010. Together the companies have about 17 million unique visitors a month in Canada. BBS media will now be re-named Glam Media Canada. Glam paid between $10 to $20 million, according to Bloomberg BusinessWeek.
- Date Modified: