August 2019 was a busy month in M&A. The big deal saw Broadcom pay $10.7 billion for Symantec’s security unit. VMWare had a busy month paying $4.8 billion to acquire Carbon Black and Pivotal, and then announcing the acquisition of Intrinsic. BC Partners is paying $2.1 billion to take Presidio private, and Salesforce paid $1.35 billion for ClickSoftware to improve its service capability. Splunk also paid $1.05 billion for SignalFx plus there were a few other “smaller” deals. Other companies in the news included Apple, Google, and Cisco announced layoffs in California. There were also several interesting stories this month related to cyber security and various scams. Major economic indicators in the US were generally positive, although economists have started wondering when the next recession will hit, 2020 or 2021. Canada had mixed job numbers depending upon who you believe and job indicators across the world were generally positive.
News from the Nest (August 2019)
The August edition of News from the Nest includes our IT Industry News for July, a Regional Job Market Update for Ottawa, Ontario and our most recent top Talent Development Centre posts, including “When an Interviewer Asks a Ridiculously Tough (or just ridiculous) Question”.
IT Industry News – July 2019
Cisco’s $2.6 billion acquisition of Acacia Communications was the biggest deal. Apple splashed $1 billion to buy Intel’s smartphone modem business, and KKR bought Corel for $1 billion too. There were a few more deals with Google buying storage company Elastifile; 8X8 cloud communications company paying $100 million for Platform as a service company Wavecell; and finally Epam Systems bought educational content company Competentum. There was another big cyber breach announced with Capital One sharing data on more than 100 million customers. There was also a malware called “Agent Smith” that infected 25 million Android devices. A report on how AI will impact on jobs seemed significant, but most of the respondents believe new roles will replace the lost jobs. On the economic front, the current US economic expansion is the longest on record, and there are still lots of positive indicators. Canada lost jobs in June and continues to have struggles.
News from the Nest – July 2019
Ealge’s monthly newsletter for July includes an IT Industry News for June 2019, a Job Market Update for Edmonton, Alberta, and a selection of our most recent posts, including Why Recruiters Ask You to “Rewrite Your Resume” for an RFP Response.
IT Industry News – June 2019
June 2019 saw some significant M&A deals with the Salesforce acquisition of Tableau for $15.7 billion, the largest deal of the month. Infinion Technologies paid $10 billion for Cypress Semiconductor; Google paid $2.6 billion for data analytics company Looker; Capgemini shelled out $3.6 billion for engineering company Altran and in the robotics world, Blue Prism paid $100 million for Thoughtonomy. Other companies with smaller buys included Apple picking up the assets of Drive.ai and Twitter buying machine learning startup Fabula AI. The Canadian Federal Government invested $5 million into an innovation centre in Markham and there was more news about CyberSecurity breaches. In Canada, the job numbers are interesting, with Statistics Canada suggesting May was a bumper month, and ADP suggesting we actually lost jobs. The US had some mixed reports regarding the economy but overall the story is still positive. Likewise, indicators on jobs and employment around the world are also positive.
News from the Nest – June 2019
Kicking off the Summer of 2019, the June edition of News from the Nest includes a regional job market update for Calgary, Alberta, a summary of what happened in the IT Industry last month, plus our most popular recent posts, including “Dealing with Difficult People on Projects”.
IT Industry News – May 2019
The big deal in May 2019 saw HPE pay $1.3 billion for supercomputer manufacturer Cray. Palo Alto Networks continued growing its cybersecurity capability with the purchase of two companies, Twistlock and PureSec. Plus, there was some M&A activity among a number of other well-known companies. Cybersecurity continues to be topical, with an Accenture report highlighting the increasing cost to companies for cybercrime; a Proofpoint report also highlighted the sheer volume of attacks on Canadian businesses. Other news saw some Canadian cities receiving Federal taxpayer money to improve their SmartCity initiative and there has been a lot of news on 5G. A look around the world at employment numbers and economic indicators suggests that generally employment numbers are improving, with a few exceptions.
Eagle Wins $19.8M Contract with Shared Service Canada
Eagle Professional Resources Inc. (Eagle) is pleased to announce that it is has been awarded a Project Management IT Professional Services Contract with Shared Services Canada (SSC).The five year contract valued at $19.8 million is to provide the professional services resources required to support IM/IT project planning, execution and oversight activities in the following key positions: Project Executives, Project Administrators, Project Coordinators, Project Leaders Project Managers and Project Schedulers.
News from the Nest (May 2019)
This month’s edition of News from the Nest includes our regional job market update for Montreal, IT Industry News, and the latest top posts, including “If You Don’t Upload a Resume, Nobody’s Going to Call You”
IT Industry News – April 2019
Intel bought Omnitek, a company that produces programmable chips for the video space. This comes as Intel announced it was exiting the 5G modem space for smartphones, suggesting it was not a profitable business for them. The other deal saw the merger of two large US-based MSPs, as Corsica bought EDTS to compete at the next level. Another company in the press this month was Microsoft, who reached that magic valuation point of $1 trillion, becoming the third company to hit that milestone after Apple and Amazon. The general economic news was positive with the US continuing to soar with very low unemployment, rising wage rates, an annualised GDP growth rate of 3.2% in the first quarter, all suggesting the US boom will continue for a while yet. Canada continues its anemic growth rate, projected at 1.2% this year. Around the world unemployment is generally down except for pockets like the UK where the Brexit situation continues to be a mill stone around their necks.