February 2020 had some big dollars and some big names involved. Dell announced that it is selling RSA, to a group of investors for $2.075 billion. IoT company, Forescout, was bought by private equity for $1.9 billion. Another big deal saw SAIC pay $1.2 billion for Unisys Federal. Infosys paid $250 million for Simplus, HPE bought Scytale and Square bought Toronto-based AI startup Dessa. Other news was somewhat dominated by the coronavirus outbreak and what that might mean for our industry. The jobs news around the world was generally upbeat and the US economy continues to perform strongly. In Canada, the job numbers were not too bad, but there are lots of clouds on the horizon with blockades affecting infrastructure projects and resulting regional unrest.
Eagle Remains One of Canada’s Best Managed Companies
The prestigious list of Canada’s Best Managed Companies for 2020 was revealed today and Eagle Professional Resources (Eagle) has once again achieved Platinum Club status by retaining its Best Managed designation. Eagle has been a Platinum Club recipient every year since 2005. Since the program’s inception in 1993, 1100 companies have been recognized in the Best Managed Program and Eagle remains one of the 469 companies in the current network of winners. The winner’s network represents less than 1% of all Canadian businesses.
News from the Nest (February 2020)
This month’s edition of News from the Nest includes highlights from the IT Industry in January, a regional job market update for Edmonton, Alberta, and a selection of our most popular blog posts, including “The New Normal Opens New Opportunities for Canadian IT Contractors.”
IT Industry News – January 2020
January 2020 saw Insight Partners pay $5 billion for cloud data management company Veeam; Insight Partners also bought IoT security startup Armis. Mapletree, paid $557 million for 10 of Digital Realty’s datacenters. ServiceNow bought Loom Systems and Passage AI; Xerox Arena Group; VMWare bought Nyansa; and Hitachi Vantara bought Waterline Data. Other deals saw Fireye buy Cloudvisory; Ahead bought its third solution provider in the last six months, Platform Consulting Group; AWS partner Effectual bought JHC Technologies; and Park Place Technologies bought Intellinet’s network operations center. VMWare was also in the news for confirming its annual “workforce rebalancing” initiative which may involve hundreds of layoffs. Gartner tells us that 2020 IT spending is likely to increase. The world’s CEOs are a little concerned about a potential slowdown or even recession in 2020 and the World Economic Forum announced the “Reskilling Revolution”. Both the EU and the OECD had positive employment numbers which were reflected in most of the stats from around the world. Even where the reports were less than positive, the underlying message was that the economy is doing OK.
News from the Nest (January 2020)
The January 2020 edition of News from the Nest includes our regional job market update for Calgary, Alberta, the latest IT Industry News from around the world, plus the most recent trending articles from our Talent Development Centre.
IT Industry News – December 2019
December 2019 saw some big dollar deals in the M&A world with the biggest seeing LogMeIn sold to private equity for $4.3 billion. Intel shelled out $2 billion for Habana Labs and F5 Networks paid $1 billion for Shape Security. In other deals, Solarwinds paid $175 million for VividCortex; NTT picked up AWS company Flux7; Fortinet bought Cybersponse; CheckPoint Software bought security company Protego; Acronis bought security company 5nine and Opswat bought cyber security company Impulse. There have been warnings that cyberattacks will increase in 2020 and 2019 ended with a couple of significant attacks coming to light, including at LifeLabs and Wawa. Here in Canada we lost 70,000 jobs in November as the US was adding 266,000 non-farm jobs. Around the world, jobs data is positive other than the obvious spots like the UK, as it continues to wrestle with Brexit.
News from the Nest (December 2019)
The final edition of News from the Nest for 2019 features a regional job market update for Montreal, IT Industry News, at the most popular recent TDC posts, including rules for Lifetime Capital Gains Exemption.
IT Industry News – November 2019
The biggest in November 2019 saw Apollo Global taking TechData private in a deal worth $5.4 billion. eBay sold its Stubhub subsidiary to Viagogo; Xerox is selling its stake in Fuji Xerox; Google paid $2.1 billion for Fitbit; and Opentext paid $1.4 billion for Carbonite. Other deals saw Proofpoint buy ObserveIT; DXC Virtual Clarity and Bluleader; Rackspace bought Onica, and Mimecast picked up DMARC Analyzer. One other company in the news was Cognizant, who announced it would be laying off between 10,000 and 12,00 employees. Economic and jobs news around the world was a little mixed, with signs of things slowing in most countries. Some interesting reports this month, with Canada’s privacy commissioner pointing out that 28 million Canadians were affected by corporate hacks or mismanagement. Plus, two separate AI reports suggest different impacts on jobs into the future. Finally, the Global Power 150 list of Women in Staffing was released, with Eagle’s CEO Janis Grantham on the list.
News from the Nest (November 2019)
This month’s edition of News from the Nest includes our regional job market update for British Columbia, IT Industry News for October 2019, plus our most popular recent posts, including IT Contracting Trends for the Final Stretch of 2019.
IT Industry News – October 2019
The economy, while slowing down some, is still quite robust in the US and employment figures around the world are generally positive. Reports continue to suggest things will weaken in 2020 but the threat of a recession seems reduced, always bearing in mind that the ongoing trade wars are not helping. On the M&A side, activity was brisk with the largest deal happening in the robust data center space, Digital Realty paying $8.4 billion for Interxion. There was also a smaller data centre deal that saw Equinix pay for 3 data centres from Axtel; and another data center deal involving ServerFarm buying SNINES. Another big dollar deal saw Thoma Bravo offer $3.4 billion for Sophos. Big name companies out shopping included Intel, Accenture, Microsoft and Telus. Companies making headlines included Microsoft, who are grappling with an activist employee base contesting their government work; HP Inc. who announced significant layoffs; and Oracle who are going to be on a hiring binge.