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2013-04-25 - Fineos, a Dublin-based technology company that provides claims management software for the global insurance industry, is to create new technology jobs in Canada. The new positions include Java software engineers, software testers, business analysts and technical implementation consultants. "The time is right to invest in our people to ensure we have the capacity and expertise to match the needs of our growing customer base," Fineos founder and CEO Michael Kelly said.
2013-04-15 - A consortium of seven universities led by the University of Toronto and Western University are collaborating with IBM and the Ontario and federal governments to establish an Ontario-based, $210-million R&D initiative that will focus on pressing challenges in cities, water, energy, and healthcare. IBM will provide up to $175 million through December 2014 in the project, forming the "IBM Canada Research and Development Centre" to serve as a foundation for the initiative. Ontario's provincial government is providing $15 million towards the creation of the centre, while the federal government will provide $20 million.
2013-03-17 - Facebook is setting up an office in Vancouver and is recruiting up to 150 staff, mostly software engineers. The office is currently being deemed as temporary (one year), but some locals suggest there is a chance the office may become permanent. According to Facebook, the office will serve as a training ground for recent software engineering graduates seeking full-time employment within the company. Facebook chose Vancouver because of its proximity to its Silicon Valley headquarters as well as Seattle, where the company runs an engineering office.
2012-11-12 - John Ruffolo, who heads the venture capital investment arm of the Ontario Municipal Employees Retirement System pension plan, said in recent trips to Silicon Valley and the San Francisco area, he heard constant complaints about hiring and retaining employees. With hundreds of startups as well as established giants such as Google, Facebook and Apple all fighting for tech talent, wage demands and attrition rates are up sharply as a better offer is always just around the corner, he said. Canada, meanwhile, he said, is attractive in part due to its universities overflowing with engineering grads.
2012-11-04 - After being turned down by many organizations because of data privacy concerns, file-sharing service Soonr is setting up a data centre in Canada. "The migration of U.S. and Foreign cloud infrastructure to Canadian owned and operated data centers is becoming more common place and represents a unique opportunity for data center operators to expand their core business into the world of cloud," said the CEO of the Canadian Cloud Council. Soonr, headquartered in California, began in 2006 as a service to allow people to view documents on smart phones. But it evolved into a file-sharing and collaboration tool.
2012-10-23 - Financial Post Tech Desk editor Matt Hartley spoke with Jack Dorsey, co-founder and CEO of Square, about the company’s Canadian launch, its recent deal with Starbucks and the future of mobile payments. Dorsey will launch Square in Canada, the first international market for the three-year-old San Francisco-based company.
2012-10-17 - According to the Information and Communications Technology Council, more than 51,000 people work in Canada’s fast-growing and highly-competitive mobile application industry, with annual revenues totalling roughly $775 million. In its reports, the group says about 47% of the jobs related to mobile apps in Canada are based in Ontario. The group goes on to say that industry revenues are expected to reach $2.2 billion in 2016, as Canadians increasingly buy advanced smartphones with apps for everything from mapping and directions to social networking, sports scores, media apps and restaurant reviews.
2012-10-02 - Real Asset Management announced the opening of an office in Canada to better serve Canadian businesses and organizations. Real Asset Management’s fixed asset management software suite is already used in organizations across Canada in commercial, healthcare, non profit, education and government sectors and the new office will further support RAM’s growth in the country, according to a press release.
2012-09-26 - Swedish wireless equipment maker Ericsson says it is acquiring Toronto-based software company ConceptWave in an all-cash transaction for an unspecified price. Ericsson said it will buy all the shares of ConceptWave, an order management software firm that was founded in 2000 and has a staff of 170 people. The Swedish company said the acquisition will complement its operations and business support systems, especially for network operators.
2012-09-19 - RSA, the U.S.-based security division of storage technology giant EMC, has acquired the Montreal-based software firm, Silicium Security, with the aim of boosting its ability to address advanced threats. Terms of the sale were not disclosed. Silicium Security will keep its staff and continue operating out of Montreal as part of the RSA Security Management and Compliance business unit, led by RSA Senior Vice President Amit Yoran, the company said.
2012-08-19 - San Francisco-based web performance and security company, CloudFlare, just opened a new data center in Toronto to improve performance in Canada. This comes on the heels of its recent launch of Railgun, web optimization software designed to speed up the delivery of content that cannot be cached, reducing bandwidth used and improving download times, the company says. The new data center in Toronto is just one of the many on CloudFlare’s roadmap which includes five more in short order. The startup has raised more than $20 million in funding from NEA, Venrock, and Pelion Ventures.
2012-08-13 - Software and technology company merger and acquisition firm Tequity announced that Infor, a provider of business application software, has acquired Laurier CIM Group, a Montreal-based provider of software systems and services to the wholesale distribution market. Terms were not disclosed. Tequity advised Group Laurier.
2012-05-22 - Quebecor Media announced a new partnership with ReadBooks, a France and Quebec-based company specializing in multi-language ebook libraries, software and consulting services. This partnership, which includes a minority participation in ReadBooks, will foster the development of new software for Archambault and Paragraph. Already established, with 15 employees in Paris and 15 employees in Montreal, ReadBooks is planning, following this agreement, to double its Canadian staff before the end of 2012, mainly in R&D.
2012-04-09 - John Lutz, president of IBM Canada announced a research and innovation partnership between the governments of Canada and Ontario, the University of Toronto, Western University and IBM Canada. The company is launching its first formal R&D lab in Canada through a $175-million investment over the next 21 months in a consortium with seven Ontario universities, the company said.
2012-02-01 - Fujitsu Canada, a unit of Japan-based Fujitsu, is buying TMC, a business and IT consulting company based in Saskatchewan. Financial terms of the deal were not revealed. "The acquisition of TMC enhances Fujitsu Canada's offerings and consolidates its presence in Saskatchewan, a province that has experienced major economic growth," said Andre Pouliot, president of Montreal-based Fujitsu Canada. TMC has about 70 employees. David Luterbach, president of TMC, said the deal will help boost growth for both companies.
2012-01-30 - Siemens will buy RuggedCom, a Canadian maker of data communications networks systems, for about $382 million, to improve access to markets in North America and the Asia-Pacific region. The deal is Siemens' largest since it took over Israeli solar thermal fields maker Solel for $418 million in 2009. Anton Huber, CEO of Siemens Industry Automation division, said the acquisition of RuggedCom would improve Siemens' router and switch products.
2012-01-22 - Canadian technology to help manage mobile phone bill shock has attracted attention from a major U.S. software firm. Anomalous Networks, a Montreal-based provider of real-time telecom expense management software, was purchased by Tangoe. Financial terms of the deal were not disclosed, although a regulatory filing made by the Connecticut-based acquirer said the offer included a combination of cash and stock worth approximately US$9 million. Anomalous offers a free app for consumers as well as a paid version for businesses.
2011-12-01 - Fujitsu Canada has launched the Fujitsu Innovation Center in Quebec City, a $20 million initiative that will create 50 jobs and could lead to the creation of other specialized jobs in the years to come. A $14 million over three years has been made by Fujitsu, headquartered in Tokyo. The Fujitsu Innovation Center is a collaborative space where business partners and customers will work with Fujitsu specialists to put ideas into practice and build business solutions. “The work there is different from that of an R&D center,” explained Mr. Giroux, senior vice-president and director of Fujitsu’s Quebec City office. “The work involves prototyping or demonstrations,” he says Fujitsu estimates that it will develop some 20 initiatives in cooperation with about ten partners in its innovation center by March 2014, innovation being one of the key elements of its development strategy.
2011-11-29 - A $70-million joint project between the private sector and the government of Quebec has been announced to develop more energy-efficient technology. The initiative, called Equation, will bring together six ICT companies working on similar projects having to do with cloud computing and smart meters. Each of the companies will undertake their own projects. However, the non-profit company, Prompt, which forges partnerships between the industry and university research, will coordinate much of the work. The participating companies are CGI, Ericsson, Fujitsu Canada, IBM, Miranda Technologies, and Teledyne DALSA. They will invest a total of $40 million into the project.
2011-11-24 - Trying to move beyond its thin client business, Wyse Technology has acquired Montreal’s Trellia Network, a mobile device management company focused on helping companies deal with the consumerization trend. Trellia will become a subsidiary of San Jose, Calif.-based Wyse, the companies announced. The acquisition has been in the works for about six months.
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