News from the Nest: Finance & Accounting (Feb. 2016)

February 2016

NEWS from the NEST
Finance & Accounting Edition
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QUARTERLY JOB MARKET UPDATE

The next Quarterly Job Market Update is scheduled for the April 2016 newsletter. Check out the January 2016 newsletter for the most recent update.

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Finance News from the Tech Industry

January 2016 saw the continued challenges in the Canadian economy stemming from low oil prices, a weak dollar and relatively high unemployment, particularly in the oil patch. Canada did add 23,000 jobs in December but the unemployment rate remained at 7.1%. The US continues to add jobs, a record 257,000 private sector jobs in December, although there are also some signs that the growth is slowing down.

On the M&A front there were no huge deals, but there was plenty of activity with some of the household names out shopping. IBM bought video service provider Ustream; Microsoft bought game-based 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.

There were a number of interesting funding announcements with IoT company Foresight Technologies raising $76 million; Cybersecurity firm Malwarebytes raised $50 million; SaaS security company EiQ Networks raised $30 million and several other up and comers raised between $7 million and $25 million.

In other news Xerox announced it would be following a trend, and splitting into two separate public companies; Microsoft announced a one billion dollar philanthropic endeavor donating cloud services to non-profits, and worldwide IT spending took a bit of a dive in 2015 and it is expected that it will be 2019 before we see 2014 levels of spending again.

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It's Your Life... Own It!

It’s Your Life… Own It!

Accept responsibility for your own life. You decide who you will become!

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Update: The CRA, PSBs and Independent Contractors

Update: The CRA, PSBs and Independent Contractors

Here’s a quick recap of the CRA initiative surrounding Personal Services Businesses (PSBs), plus an update on where we are today.

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How to Put Your Best Face Forward on LinkedIn

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