The Eagle Blog

April Tech News

Tech News HeaderThis is my 30,000 foot look at events in the Tech industry for April 2018. What you see here is a précis of the monthly report I produce, which will be available in more detail at the News section of the Eagle website, where you will also find back issues.

A Little History of April in previous years …

Five years ago, in April 2013 Rogers paid $200 million for Primus’s Blackiron subsidiary, including datacenter capability; Toronto based Softchoice also chose to go private in a $412 million private equity deal; Shaw paid $225 million for an Enmax fibre network subsidiary in Calgary; Best Buy sold its stake in Carphone Warehouse for $775 million (having paid $2.1 billion in 2008).  Google paid $30 million for social company Wavii.  Other big names on the acquisition trail in April 2013 included Intel (Mashery), IBM Facebook logo(Urbancode); Computer Associates (Nolio).  Finally, Facebook had a couple of small acquisitions Osmeta and Parse.  April 2014 saw Microsoft officially entered the handset business with the completion of the $7.5 billion purchase of Nokia’s devices business.  Zebra Technologies paid $3.5 billion for Motorola’s unit that makes mobile devices for business which is a move in the ever-expanding Internet of Things space. Apple paid $479 million purchase of the LCD chip development unit of Renesas Electronics.  IBM snapped up marketing automation software company Silverpop Systems and open source software company Red Hat paid $175 million for storage company Inktank.  In April 2015 there was plenty of action.  Nokia was the biggest story, paying $16.5 billion for telecom company Alcatel-Lucent, but there was also a $4 billion deal that saw Capgemini buy services firm IGATE and LinkedIn made its largest acquisition ever, paying $1.5 billion for training portal Lynda.com.  LinkedIn also bought a predictive insights startup company, Refresh.  Netsuite paid $200 million for ERP and commerce software company Bronto Software and Blackberry reputedly shelled out $150 million for file sharing security company Watchdox.  Salesforce was also out shopping, picking up mobile two-factor authentication startup, Toopher.  In another deal involving billions, Informatica decided to Bell logofollow in DELL’s footsteps and go private for a $5.3 billion price tag. April 2016 saw some big deals, the biggest was Bell’s $3.8 billion bid for Manitoba Telephone System, which closed in 2017.  Other large deal saw a Chinese conglomerate bid $3.6 billion for Lexmark; and Plantronics shell out $2 billion for Polycom.  Oracle paid $663 million for cloud based construction software company Textura.  Nokia, who were also in the news announcing layoffs,continued to evolve their business model, this time into the wearable tech arena with the $192 million purchase of Withings.  Other deals saw Autodesk acquire 3D animation software company Solid Angle; and Dimension Data bought Toronto based Microsoft logocloud services company Ceryx. Last year in April 2017 Microsoft bought Israeli cloud-monitoring and analytics startup, Cloudyn. Flipkart, one of India’s larger ecommerce companies, acquired the Indian division of eBay (eBay.in) as part of eBay’s $500 million investment in Flipkart. VMware’s vCloud Air unit was acquired by OVH, a French hosting and cloud company. Global professional services provider, Accenture, purchased the UK-based automation services provider, Genfour. Toronto-based startup, Turnstyle Analytics, was acquired by Yelp for $20 million. California-based Coupa Software purchased Swedish software company, Trade Extensions for $45 million. Montreal-based financial technology provider, Alithya acquired big data solution provider, Systemware Innovation Corporation.  Other interesting news saw ride-hailing company, Lyft, raise $600 million in additional investments bringing the company’s valuation up to $7.5 billion.

 Which brings us back to the present …

Mitel LogoApril 2018 was not super busy on the M&A front although there were a few deals, including a $2 billion purchase of Ottawa based Mitel by Searchlight Partners, who will take the company private.  Mobile payments company Square paid $365 million for website company Weebly; iconic photo site Flickr has been bought by SmugMug; Adobe acquired AI startup Uru; Indeed bought Canadian jobs site Workopolis; and HPE Pointnext bought Redpixie.

My website breach of the month was the Nova Scotia Government’s access to information site which had 7,000 sensitive documents breached  … and marketing firm AppsFlyer tells us that there was about $800 million of “ad fraud” in the first quarter of 2018.

The economy in the US continues to show lots of promise, with almost every indicator being positive.  There are some indicators that Brexit is starting to impact the UK and the EU negatively.  Most other countries, including Canada had reasonably good job  numbers.

That’s it for my look at what was happening in the technology space over the last month, compared to the same month in previous years. I’ll be back at the beginning of June, until then – walk fast and smile!
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Kevin Dee is the founder and Chairman of Eagle (a Professional Staffing Company)
Want to know where Canada’s hot jobs are?   Visit the Eagle Job Board!
Have you tried Eagle’s (very cost effective) Virtual Recruiter service?
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10 Reasons to Attend Canada’s Staffing Conference – Niagara Falls in May

I recently blogged about the value of attending industry conferences for anyone, in any industry.  If you are in the staffing industry in Canada then the ACSESS conference is coming up May 15, 16 and 17 in Niagara Falls.

ACSESS Conference 2018

 

 

 

 

 

Here are ten reasons you should attend

One.  Our industry is already being changed by new technology, including bots and Artificial Intelligence … find out how.

Two. Learn from industry leaders what kind of disruption is happening already and what is coming.  What starts in the US, Europe or Asia will surely find its way here sooner rather than  later.

Three.  Listen to a legal panel discuss some of the changes affecting our industry … such as Bill 148 in Ontario, and what might happen in other provinces.

Four.  There is an opportunity for a full day of learning with noted industry trainer Peter Leffkowitz.  If you don’t know who he is … then clearly you need to cone to the conference!

Five.  Mike Lipkin gives the opening keynote … if you are not energised after listening to this guy then maybe you need more coffee!

Six. There is a closing keynote from Dr Greg Wells who will draw comparisons between elite athletes and top executives … sure to get you thinking.

Seven.  There will be networking opportunities allowing you to meet industry leaders one on one, build relationships and find opportunities.  One side benefit I have found over the years is that when you have a relationship with a competitor then tough situations can more easily be defused … worth the price of admission!

Eight.  The setting is Niagara Falls … with a trip to one of the local wineries.  A must visit destination.

Nine.  Sitting with your industry colleagues over a coffee or a beer can offer many benefits, with insights into common issues, answers to troubling situations and the possibility of shared opportunities.

Ten.  ACSESS devotes considerable time and energy lobbying various levels of government on behalf of the industry.  This is one way they pay for it.  You benefit, so chip in by attending conference.

Eleven.  Bonus …. the price is excellent value compared to most conferences!

Click here to sign up today!

I will be taking the opportunity to get some riding in, and will arrive on my motorbike … what could be better?  Networking with my industry colleagues, enjoying one of the nicest areas of Canada AND getting some motorbike time in!

Riding my Indian Chieftain

 

 

 

 

 

 

 

 

 

 

 

 

 

See you there!

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Kevin Dee is the founder and Chairman of Eagle (a Professional Staffing Company)
Want to know where Canada’s hot jobs are?   Visit the Eagle Job Board!
Have you tried Eagle’s (very cost effective) Virtual Recruiter service?
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The Value in Attending Industry Conferences

Lincoln quote about creating your own future

 

I started my own business more than twenty years ago and since then I have attended at least one industry conference most years.  I consider it to be a big part of my educational investment in myself and have never left a conference thinking that I had wasted my time or money.  I consider all the many reasons I feel this way to be the POSITIVE considerations for attending industry conferences.

 

 

Unless you live in a bubble you KNOW that every industry is evolving at an incredible pace.  That significant change is just around the corner, and that can represent both risk AND opportunity.  However if you don’t understand the change, are not current with where your industry is going and don’t see the threats and opportunities … then you are going to lose!  I would consider this line of argument the NEGATIVE reasons associated with NOT attending your industry conferences.

 

So you have carrot and stick … compelling reasons why you should sign up for this year’s conference in your industry segment.

“Wise men learn by other people’s mistakes.  Fools by their own.”  Anon

We all need to keep learning or we get left behind.  Industry conferences are a very focused, high return way to get some intense and relevant training!

See you there!

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Kevin Dee is the founder and Chairman of Eagle (a Professional Staffing Company)
Want to know where Canada’s hot jobs are?   Visit the Eagle Job Board!
Have you tried Eagle’s (very cost effective) Virtual Recruiter service?
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March Tech News

Tech News HeaderThis is my 30,000 foot look at events in the Tech industry for February 2018. What you see here is a précis of the monthly report I produce, which will be available in more detail at the News section of the Eagle website, where you will also find back issues.

A Little History of March in previous years …

In March 2013 Oracle continued its move into the telco space with the purchase of Tekelec; Google bought the small Toronto University-based company DNNresearch in the machine learning vertical; Microsoft sold Atlas Advertiser Suite to Facebook; and Yahoo bought Summly. In March 2014, Facebook made a somewhat surprising $2 billion acquisition of virtual reality company Oculus VR. Intel also expanded its horizons with the $150 million acquisition of smart watch maker, Basis Science. SAP added to its purchasing software suite with the acquisition of Fieldglass and TELUS made a couple of buys, Enode, a management consulting company out of Quebec and Med Access, an addition in British Columbia, to their healthcare division.  HP logoThree years ago in March 2015 HP paid $3 billion for Aruba Networks; Lexmark paid $1 billion for customer management software company Kofax; eCommerce company Rakuten paid $410 million for ebook marketplace Overdrive; Cheetah Mobile paid $58 million for mobile ad network MobPartner; TeraGo Networks paid $33 million for cloud provider RackForce; IBM bought natural language and image processing company AlchemyAPI; and in the cable TV world Charter Communications paid $10.4 billion for dell logoBright House Networks. In March 2016, we saw the $3 billion sale of Dell Services to NTT, a direct result of Dell’s restructuring following the recent purchase of EMC. IBM was out bolstering its services business with a couple of acquisitions; the first was Optevia, a UK-based integrator focused on Microsoft Dynamics; and the second was Bluewolf Group, a global Salesforce consulting partner. Montreal-based Yellow Pages picked up Toronto-based Juice Mobile, primarily for its mobile marketing capability. Another Toronto company, Influitive, raised some cash ($8.2 million) and bought a couple of mobile app companies, Ironark Software and Triggerfox; and Netsuite bought IQity solutions, a cloud-Intel logobased manufacturing software company.  Last year in March 2017 Intel bought Israeli computer vision company, Mobileye, for a hefty $15.3 billion. HPE bought storage solution provider, Nimble, for $1 billion. Amazon Web Services, a public cloud infrastructure provider, acquired Thinkbox Software, a company that provides software for managing media rendering workloads. Mozilla acquired Pocket, a startup that developed an app for saving articles and other content.

Which brings us back to the present …

Salesforce logoIn March 2018, there was a significant amount of M&A activity.  The deal of the month saw Salesforce pay $6.5 Billion for cloud integration company Mulesoft.  Plantronics is paying $2 Billion for unified communications company Polycom; and Amazon is paying $1 Billion for smart home company Ring.  Other deals saw eBay shell out $700 million for the commerce platform Qoo10; Cognizant is buying Bolder Healthcare Solutions; HPE Aruba is buying Cape Networks; VMWare is buying security company E8; and Deloitte is buying API Talent in New Zealand.  It is also nice to see Avaya buying Spoken Communications after leaving Chapter 11 bankruptcy protection.

Facebook logoFacebook received a lot of attention around the world this month with questions about improper use of client data and their potential role in major political situations like the US election and the Brexit vote.

The Canadian economy has enjoyed a reasonably decent run in 2017, but 2018 is starting to look less than rosy.  Indications are that GDP and employment growth will slow down as the year progresses.  Obviously NAFTA negotiations and inter-provincial spats will have some influence, in addition to new labor laws and the carbon taxes beginning to take effect.  The US economy is benefiting from the recent tax decreases and the general tone around the world is focused more on positive employment numbers and skills shortages rather than high unemployment.

That is my monthly look at what was happening in the technology space over the last month, compared to the same month in previous years.  I’ll be back in about a month’s time, until then … walk fast and smile! ——————————————————————————————————————————
Kevin Dee is the founder and Chairman of Eagle (a Professional Staffing Company)
Want to know where Canada’s hot jobs are?   Visit the Eagle Job Board!
Have you tried Eagle’s (very cost effective) Virtual Recruiter service?
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Life is a Like Running a Marathon

Life is not about waiting for the storm to passTo race a successful marathon requires a plan, a willingness to stick to that plan and the fortitude to overcome adversity and pain before you reach that finish line.

That description is remarkably like life …whether we are talking about your career, your relationships, your health or any aspect of your life.

You will suffer setbacks.

Things won’t always go smoothly.

The more willing you are to put in the effort, the better you will be rewarded.

The more pain you are willing to battle through, the better the result achieved.

“The only person you are destined to become is the person you choose to be.”  Ralph Waldo Emerson

For the best result in your life:

  • Have a plan.
  • Work the plan
  • Battle through the adversity.

“Life isn’t about finding yourself.  It is about creating yourself.”  George Bernard Shaw

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Kevin Dee is the founder and Chairman of Eagle (a Professional Staffing Company)
Want to know where Canada’s hot jobs are?   Visit the Eagle Job Board!
Have you tried Eagle’s (very cost effective) Virtual Recruiter service?
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Don’t Avoid Tough Decisions

Don't pray for an easy life quote Bruce LeeIf you have any management or leadership responsibility then you will inevitably have tough situations to deal with, and tough decisions to make.

The last thing you should do is to avoid them … because they just don’t go away, in fact they typically just get worse.

You will inevitably have lots of other tasks, responsibilities and commitments where you could spend your time … but that ugly situation is just going to fester.

You can procrastinate and try to avoid … but it will still be there, and not only is it likely to be causing you problems but other people too.

When you avoid those tough situations you undermine your own credibility, create problems for those around you … and still you are going to have to deal with it at some point.

I prefer to adopt the “rip a band aid off” approach.  Just get it over with!!!!

It is amazing, but nine times out of ten as soon as it is handled, no matter how painful that might be, there is a sense of relief that it is off your plate!

“Much of the stress that people feel doesn’t come from having too much to do. It comes from not finishing what they’ve started.”  David Allen
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Kevin Dee is the founder and Chairman of Eagle (a Professional Staffing Company)
Want to know where Canada’s hot jobs are?   Visit the Eagle Job Board!
Have you tried Eagle’s (very cost effective) Virtual Recruiter service?
——————————————————————————————————————————

 


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February Tech News

Tech News HeaderThis is my 30,000 foot look at events in the Tech industry for February 2018. What you see here is a précis of the monthly report I produce, which will be available in more detail at the News section of the Eagle website, where you will also find back issues.

A Little History of previous year’s Februarys …

Five years ago in February 2013 Dell went private in a $24.4 billion deal that included a $2 billion investment by Microsoft.  Oracle paid $1.7 billion for networking company Acme Packet Inc.; Rackspace bought big data company ObjectRocket; Telus was busy with two acquisitions, electronic medical records division of the Canadian Medical Association and digital forensics company Digital Wyzdom; HP also sold the Palm operating system to Facebook logoLG for their smart TVs.  February 2014 was busy in M&A. Facebook make a big move with the $16 billion acquisition of Whatsapp.  Comcast made a $45 billion play for Time Warner Cable and regulatory approval or otherwise is imminent; Oracle paid a reputed $400 million for data management platform company Bluekai; LinkedIn paid $120 million for online job search company Bright; and Klout was bought for about $100 million by Lithium Technologies.  Google made a couple of acquisitions, online fraud company Spider.io and secure logon company Slicklogin.  IBM bought database as a service company Cloudant; and Monster bought a couple of companies, social profile company Talentbin and job aggregation and distribution technology company Gozaic. Finally, Microsoft announced Steve Balmer’s retirement and appointed a new CEO, Satya Nadella. Three years ago February 2015 saw some interesting activity.  The $6.3 billion merger of Staples and Office Depot and the $1.6 Billion purchase of Orbitz by Expedia are two examples of sectors experiencing massive consolidation.  There was a big buy in the communications and IT space with Harris paying $4,75 billion for Excelis to establish a 23,000 person company.  There was a big data center play with UK based Telecity Group paying $2.2 billion for Microsoft logoInterxion Holdings.  Microsoft made a couple of acquisitions, paying $200 million for pen-tech maker N-Trig and $100 million for mobile calendar company Sunrise.  Samsung bought a mobile payment company (competing with Apple pay), LoopPay.  Also out buying was Twitter which picked up Niche, a network of social media creators.  There were a number of interesting deals in Asia, including Sapdeal buying luxury fashion estore Exclusively; Foodpanda made six acquisitions of online meal delivery services to establish itself as a powerhouse in that space.  Australian job board OneShift bought Adage, which is a job board serving people over 45.  In February 2016 the biggest deal saw HNA Group of Cisco logoChina pay $6 billion for Ingram Micro.  Two other billion dollar deals included Cisco paying $1.4 billion for IoT company, Jasper Technologies and a consortium of Chinese internet firms making a $1.2 billion bid for Opera. Microsoft was busy with a couple of acquisitions, Xamarin a cross platform mobile application development company, and Swiftkey which produces predictive keyboard technology.  Another busy company was Alibaba Group which was investing in a bunch of companies, including a $100 million investment in Groupon, and smaller investments in microblogging site Weibo; software company Momo; augmented reality startup Magic Leap; Chinese retail chain Suning; and Singapore telco SingPost.  Other companies of note out buying included IBM who bought digital agency Aperto and Blackberry acquired cybersecurity company Encription.  Last year February 2017 saw very little M&A action.  Nokia paid $371 million for Finnish telecom software company Comptel, as it reinvents itself, and Apple picked up an AI startup company RealFace.    Another company in the news, but for the wrong reasons was Samsung which is in the middle of a significant bribery scandal.

Which brings us back to the present …

February 2018 was a very active month in M&A, with lots of deals.  The biggest saw more consolidation in the telco space with US based GTT paying $2.3 billion for London headquartered Interroute, thus expanding its global footprint.  Security companies were a theme in this month’s acquisitions and you will spot several in the following list.  Cybersecurity firm Phishme was bought with $400 million of private equity money; Splunk paid $350 million for Phantom Cyber Corp; and Proofpoint paid $225 million for Wombat Security Technologies.  Other deals saw LogMeIn pay $342 million for Jive Communications; Carbonite pay $146 million for Mozy; and  Red Hat pay $250 million for Core OS.  Some of the household names that were also out making deals included Oracle, Google, Opentext, Avaya and Citrix.  All in all the busiest M&A month I have seen in a while.

Samsung was in the news for passing Intel in size within the chip manufacturing market for the first time, which is much more positive press than the scandal of a year ago.  The fourth quarter of 2017 saw the first decrease in smartphone sales since 2004.  It is suggested that cybercrime is now costing $600 billion annually which is up about a third in the last three years.

The Canadian market took a hit in January, losing 80,000 jobs (50,000 in Ontario).  The stark difference in tax treatment between the Canadian budget and the US tax reform moves, together with NAFTA negotiations are causing some concern in Canada.  The US however continues to enjoy continuing job growth and almost every indicator is positive. Around the world most countries are enjoying job growth and positive indicators.  One exception to all that positivity is in the UK where the uncertainly around the Brexit seems to be having an impact.

That is it for my monthly look at what was happening in the technology space over the last month, compared to the same month in previous years.  I’ll be back in about a month’s time, until then … walk fast and smile! ——————————————————————————————————————————
Kevin Dee is the founder and Chairman of Eagle (a Professional Staffing Company)
Want to know where Canada’s hot jobs are?   Visit the Eagle Job Board!
Have you tried Eagle’s (very cost effective) Virtual Recruiter service?
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January Tech News

Tech News HeaderThis is my 30,000 foot look at events in the Tech industry for January 2018. What you see here is a précis of the monthly report I produce, which will be available in more detail at the News section of the Eagle website, where you will also find back issues.

A Little History of previous year’s Januarys

Five years ago, in January 2013 Cisco bought mobile network software company Intucell for $475 million and sold its Linksys division to Belkin.  The biggest dollar value deal was AT&T’s purchase of some of Verison Wireless’s airwaves for $1.9 Billion.  Other deals saw NCR buy video software ASTM company uGenius Technology; Canon Canada acquired long-time partner and document management company Oce Canada; NetSuite bought retail management systems company Retail Anywhere; and AVI-SPL bought Duocom-Duologik.  January 2014 was an interesting month with a few big M&A deals.  Google was an especially busy player, selling its Motorola Mobility handset unit to Lenovo for $2.9 billion but paying $3.2 billion for Nest Labs and the company also bought Bitspin.  The other big deal saw VMware pay $1.17 billion for mobile device management company AirWatch.  Other big names on the acquisition trail included Oracle who bought cloud based service delivery company Corente; Microsoft paid a reputed $100 million for cloud based service company (seems to be a theme) Parature; Ricoh purchased IT service company Mindshift from BestBuy; and Hootsuite bought analytics company uberVu. Three Yahoo logoyears ago in January 2015, the biggest deal was Hutchison offering more than $14 billion for O2. Other big dollar news saw Yahoo looking like it might be remaking itself, spinning off its $40 Billion stake in Alibaba to become smaller, leaner and either buy or be bought!  The final M&A activity involving a “B” was Telco equipment company Commscope offering $3 billion for TE Connectivities network business.  There were also a number of very well-known companies out buying, and in no particular order … Amazon paid something like $300 million (approximate) for chip designer Annapurna Labs; Expedia bought its online travel competitor Travelocity for $200 million; Samsung paid $100 million for Brazil’s largest print company Simpress; Google paid about $100 million for mobile payments company Softcard; Facebook bought Wit.ai a company that has a Siri like solution that can be embedded in other products; Dropbox bought CloudOn a document editing and productivity tools company; Twitter paid somewhere between $30 million and $40 million for Zipdial, an Indian company that does some funky marketing thing with phone hang ups; and finally Microsoft made two acquisitions, startup text analytics company Equivo and in a departure from its history it bought open software company Revolution Analytics. There were no huge deals in IBM logoJanuary 2016, but there was plenty of activity with some of the household names out shopping.  IBM bought video service provider Ustream; Microsoft bought game form learning tool MinecraftEdu; Apple bought “emotion recognition” company Emotient; and Oracle bought media web tracking firm AddThis.  Toshiba bought an ERP solutions company Ignify, and a number of smaller deals included Juniper Networks buying BTISystems Inc.; FireEye bought iSight partners; Acceo Solutions bought Groupe Techna and SmartPrint bought LaserCorp’s Toronto based managed print services business.  Last Cisco logoyear, in  January 2017 the multi-billion-dollar deal of the month was Cisco’s purchase of app performance management company, AppDynamics for $3.7 billion. HP Enterprise purchased data center hardware provider, SimpliVity for $650 million. Microsoft acquired Montreal-based deep learning start-up Maluuba for an undisclosed sum. Google announced plans to purchase Twitter’s mobile developer platform Fabric. Trello, the startup behind a leading task-management app was purchased by Atlassian for $425 million. CRM giant, Salesforce bought Unity&Variety to enhance its productivity app service Quip Managed Service Provider of data and database administration, Datavail, acquired Canadian IT channel leader Navantis.

Which brings us back to the present…

Amazon logoJanuary 2018 saw the continuing saga of cities bidding to win Amazon’s second headquarters, now down to 20 finalists.  The Meltdown and Spectre hardware bugs are causing major headaches for tech companies and their clients, with the potential for hackers to take advantage.

On the M&A front the big deal saw investment management software company SS&C pay $5.4 billion for financial services software company DST Systems.  Amazon Web Services increased its cybersecurity protection capabilities through the purchase of Sqrrl.  ADP bought gig economy tool WorkMarket and TD Bank bought a Canadian AI company Layer 6.

The economy is getting “interesting”.  After some good indicators in 2017 Canada lost 88,000 jobs in January.  It is likely that new labor legislation introducing tougher labor laws and increased minimum wages in Ontario and Alberta were factors.  The US numbers are still looking good adding another 234,000 jobs in January, Global CEO confidence is up and indicators around the world still seem positive.  A stock market correction in mid-January is however causing some concern.

That has been my look at the tech news for January … until next month, Walk Fast and Smile!
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Kevin Dee is the founder and Chairman of Eagle (a Professional Staffing Company)
Want to know where Canada’s hot jobs are?   Visit the Eagle Job Board!
Have you tried Eagle’s (very cost effective) Virtual Recruiter service?
——————————————————————————————————————————


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Canada’s Job Market – Fourth Quarter of 2017

Canadian Job MarketGeneral Observations:

The unemployment rate at the end December was 5.7%.  This was the lowest rate in forty (40) years, and a significant improvement over September when it was 6.2%.  During the previous 12 months, Canada added a very strong 422,500 jobs of which 394,200 were permanent full time jobs.

As just one indicator of the markets, and for the purposes of this report I focus on the TSX which showed strong growth during Q4, ending with a reading of 16,200 which was an improvement of 600 points from the end of Q3.

The price of a barrel of oil saw a little resurgence in the final quarter of 2017 reaching heights it hadn’t seen for a few years now.  It remains to be seen whether a price near the $65 range is sustainable, or the result of some OPEC activity but some companies are reacting positively.

The Canadian dollar continued to operate in the 80c US range, which was very similar to Q3.  This was positive given how well the US economy has been performing.

The Canadian Staffing Index is an indicator of the strength of the largest provider of talent in any economy (the staffing industry) and an excellent barometer of the health of Canada’s economy. The reading latest reading Q4 was close to its high, at 123.  This was a big jump from its Q3 reading of 109 and a reading of 116 in Q4 of last year.

Eagle logoHere at Eagle, demand was about as expected in Q4 which includes the holiday season.  Client demand dipped about 15% and was very similar to demand in Q4 of last year.  The number of job applicants was up more than 20% from Q4 of a year ago, and very similar to last quarter when we would have expected a seasonal dip.

Some of the sectors with big talent demands.

Piggy Bank accepting moneyThe financial sector is a huge employer in Canada and top talent is always in demand.  Technology is a huge part of their ecosystem and they invest in leading-edge technologies to gain competitive advantage and to improve productivity.  The banks have been leaders in automation (ATMs etc) and invest in AI, technology incubators and all of the latest innovations.  There will continue to be a demand in their technology shops into the foreseeable future.

Like the banks, the telcos are big believers in technology and invest heavily.  They have large technology groups and are always looking for ways to differentiate and gain competitive advantage through the use of technology.  While they demand the best talent in order to compete, they are also careful about keeping employment costs under control, particularly as they are also acquisitive, which can mean a big focus on integration of acquired companies.  Some of the drivers of demand here include the highly competitive nature of the business, investment in infrastructure, technological innovation and a need to plan for a retiring “Boomer” workforce.

The US economy continues to add jobs, and with the recently introduced tax changes we can anticipate more investment and an even bigger appetite for talent.  The demand for skills in the US coupled with Canada’s increased tax burden will ensure that Canadian talent continues to head South.

ConstructionThe construction industry continues to thrive in Canada, and presents a good career opportunity.  The never-ending demand from the big projects (look at the skyline in just about any city), coupled with the demand for home renovation projects will ensure this demand continues for some time yet.  The aging workforce will also present opportunities, as workers retire.

The three levels of government in Canada are big employers, employing more than 20% of Canada’s workforce (CFIB).  These are well-paying jobs with great benefits, and with the retiring baby boomer generation comes a continuing need for talent.

More Specifically:

cn towerThere are more than six (6) million people living in the Greater Toronto Area (GTA) and it is home to more than 50% of Canadian head offices. It is the 4th largest city in North America, and represents about 60% of Eagle’s business.  As such it remains Canada’s busiest market, with the biggest appetite for talent.  The financial, telecommunications, insurance and services sectors are all busy.  The construction business is booming and there is a vibrant high tech/startup community.

The Saddledome in CalgaryThere are plenty of signs that Western Canada is recovering from the oil sector meltdown.  While the oil and gas sector itself is not particularly vibrant, it has turned the corner and the worst of the downsizing and layoffs are finished.  Large companies will always need talent, to replace their retiring employees, for new projects and to bring new lifeblood into the organisation.  Governments in Western Canada are continuing to implement programs and projects that require talent, infrastructure spending is happening and there are opportunities, particularly in the larger centres.  BC is enjoying the lowest unemployment rate in the country and Alberta is starting to see jobs come back.  Saskatchewan continues to be a leader in promoting business and hence job opportunities and Manitoba too is doing well.  Overall the West is in a good place.

Parliament building in OttawaEagle’s Eastern Canada region covers Ottawa, Montreal & the “Maritimes”.  Ottawa is very much a government town again, and there are opportunities in the Feds, which is returning to its employment highs of some years ago.  The tech sector in Ottawa is alive and well with some up and comers, like Shopify and Assent Compliance joinng the Mitels and others that have been around a while.  While not providing the opportunities of Toronto, Ottawa does have some demand for talent.  Quebec appears to be enjoying a renaissance as its unemployment rate is now better than Ontario’s, in addition to having healthier finances.  They have been able to attract industries (such as large data centres) to help the economy and add jobs.  It doesn’t hurt that their hydro rates are very competitive as opposed to Ontario’s situation.  The Maritime Provinces don’t represent a great opportunity for the job seeker, however PEI and Nova Scotia are both showing signs of an improving economy.

The Hot Client Demand.

At Eagle our focus in on professional staffing and the people in demand from our clients have been fairly consistent for some time.  Program Managers, Project Managers and Business Analysts always seem to be in demand. It might just be our focus, but Change Management and Organizational Excellence resources are in relatively high demand too. Digital, big data, data scientists, analytics, CRM, web (portal and self-serve) and mobile expertise (especially developers) are specializations that we are seeing more and more. On the Finance and Accounting side, we see a consistent need for Financial Analysts, Accountants with designations and public accounting experience plus Controllers as a fairly consistent talent request. Expertise in the Capital markets, both technical and functional, tends to be a constant ask in the GTA.  Technology experts with functional expertise in Health Care is another skill set that also sees plenty of demand.  This demand fluctuates based on geography and industry sectors, so we advise candidates to watch our website and apply for the roles for which they are best suited.

Outside of Eagle’s realm some of the in-demand skills include the classic tradespeople, drivers, and new tech skills like Artificial Intelligence, Robotics, video gaming skills etc.

 Summary:

Canada added more than 422,000 jobs last year, and with the unemployment rate at its lowest in 40 years it is a good time to be looking for work.

There are a number of factors creating this positive situation, including demographic shifts (retiring Baby Boomers), jobs moving to Canada from more expensive places like Silicon Valley and companies developing new technologies.  The large employers, such as banking sector, insurance sector, retail sector, telecommunications sector and the construction industry continue to demand talent. The growth of the “gig economy” creates new opportunities for people to define their own destiny and become mini-entrepreneurs, or build new enterprises.

Job seekers should research and understand the growing sectors and where the in-demand jobs are.  They also need to be willing to go where the work is!  If I was looking for work I would be moving to the larger centres, investing in in-demand skills and increasing my marketability with the right “attitude”.  Clearly the biggest job market is the GTA, but opportunity exists across the country.

In the hotter markets we are seeing clear skills shortages and the “in demand” people are receiving multiple job offers, giving them the ability to “pick and choose”.  So … IF you are looking people, and want to hire the best talent here are some things you should consider:

  1. Start the process early with a strong PLANNING phase;
  2. Develop very clean processes to find, screen, choose, hire and onboard these new resources (if you drag out the hiring process you WILL lose);
  3. Know that you will have a lot of competition and therefore speed in decision making will be critical;
  4. The job doesn’t stop there … a great retention strategy will be critical!

That was my look at the Canadian job market for the third quarter of 2017 and some of its influences.

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Kevin Dee is the founder and Chairman of Eagle (a Professional Staffing Company)
Want to know where Canada’s hot jobs are?   Visit the Eagle Job Board!
Have you tried Eagle’s (very cost effective) Virtual Recruiter service?
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December Tech News

IT Industry News - December 2017This is my 30,000 foot look at events in the Tech industry for December 2017. What you see here is a précis of the monthly report I produce, which will be available in more detail at the News section of the Eagle website, where you will also find back issues.

A Little History of previous year’s Novembers

Oracle logo a large software company originally noted for its databaseFive years ago, in December 2012 there was a fair amount of M&A activity with Oracle making two acquisitions, marketing automation company Eloqua ($871 million) and Dataraker which provides analytics for utilities companies.  The big deal of the month saw Sprint pay $2.2 Billion to take full control of cellular competitor Clearwire.   Montreal based Cogeco paid $635 million for Peer 1 Networks and NCR paid $635 million for retail software and services company Retalix.  In the BYOD space Citrix bought mobile device management company Zenprise for $355 million.  Finally, Redknee added 1200 employees and 130 new clients through the purchase of Nokia Siemens’ Business Support Network. IBM logoDecember 2013 was a slow month, however Oracle pulled off a $1.5 billion buy of marketing software company Responsys; Akamai paid $370 million for cloud-based security solutions provider Prolexic; JDS Uniphase paid $200 million for enterprise performance management company Network Instruments; IBM bought a “big data” file compression company Aspera and Hitachi expended its solutions capability with the purchase of Calgary based Ideaca.  In other company news Target, although not an IT company, had a major security breach involving details of 40 million debit and credit cards.  Three years ago December 2014 was not such a slow news month, with the political and technical ramifications of “the Sony hack” causing uproar, some very positive economic indicators out of the US and some big names making acquisitions, albeit not huge deals.  Microsoft made two acquisitions, the $200 million purchase of mobile email app startup Acompli and mobile development company HockeyApp (which has nothing to do with hockey).  SAP bought travel and expense management company Concur; Intel bought a Montreal based identity management company PasswordBox; Oracle bought digital marketing company Datalogix; Teradata bought data archiving company Rainstor; and MongoDB bought high-scale storage engine company WiredTiger. December 2015 was not a busy M&A month but there was some interesting activity.  The big deal saw Canadian telco Shaw make a big play into the cellular space with its proposed acquisition of Wind for $1.6 billion.  Meanwhile Rogers was also out shopping and growing its Maritimes presence through the acquisition of Internetworking Atlantic Inc.  Other deals in December were not large but did feature some of the big players.  Oracle bought Stackhouse a cloud company with a specialization in “containers”; IBM boosted its video in the cloud capabilities with the purchase of Clearleap; and Microsoft picked up a mobile communications company, Talko.  Other deals saw Ingram Micro buy the Odin Service Automation business from Parallels and in the storage world Carbonite bought Evault from Uber logoSeagate.  Last year in December 2016 Adecco sold its majority stake in Beeline VMS to GTRC, a private equity firm, for $100 million in cash plus a $30 million note; CRN solution provider SS&C purchased asset service firm Conifer for $88.5 million; solution provider QRX Technology Group acquired IT equipment provider Kerr Norton; networking solution provider, Juniper Networks acquired cloud operations management provider AppFormix; Uber bought start-up Geometric Intelligence Inc.; and Shopify acquired Tiny Hearts, a Toronto-based mobile product development studio.  Yahoo hit the news revealing that one billion accounts were hacked in 2013 making it the largest data breach recorded in history.

Which brings us back to the present …

The apple logo and apple with a bite out of itDecember 2017 saw Atos enhance the footprint of their IT Services firm by paying $5 billion for Gemalto.  Apple were busy, paying $400 million for music recognition app Shazam plus they invested $390 million into optical communications components company Finisar.  Finally, in a relatively quiet M&A month Ingram Micro increased its data protection capability through the purchase of Cloud Harmonics.

The Canadian economy had some positive indicators, adding jobs and reducing the unemployment rate to 5.9%.  The US also continued its growth rate, albeit at a slightly reduced pace although the announced tax changes for business are going to provide a significant stimulus.  Generally reports from around the globe were fairly positive, with job growth and reduced unemployment in most countries.

There was a cautionary report about ransomware in Canada that might suggest up to 44% of SMBs were hit with ransomware in a 12 month period.

That’s what I saw affecting the tech industry for December 2017.

Until next month Walk Fast and Smile!

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Kevin Dee is the founder and Chairman of Eagle (a Professional Staffing Company)
Want to know where Canada’s hot jobs are?   Visit the Eagle Job Board!
Have you tried Eagle’s (very cost effective) Virtual Recruiter service?
——————————————————————————————————————————


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