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.
Eagle Receives Women’s Business Enterprise Certification
Professional Staffing Company an Officially Certified Women-Owned Business
News from the Nest (October 2019)
The October edition of News from the Nest includes a Canadian Job Market Update, the latest news from the IT Industry, and top posts, including “Landing Your First Job in the Tech Sector in Canada”
IT Industry News – September 2019
September 2019 was relatively busy in M&A with Qualcomm’s $3.1 billion acquisition of TDK’s share in a RF joint venture, the largest deal of the month. There were some big names out shopping in September, with Microsoft buying cloud migration company Movere; Facebook bought Wearables company Ctrl-labs (reputedly for big dollars); HP bought endpoint security company Bromium; Western Digital bought Kazan Networks; and Github bought developer tool Semmie. Commvault paid $225 million for cloud software company Hevig and there were a few more smaller deals. Other companies in the news included YouTube who reached a $170 million settlement related to protection and privacy for children; Kik interactive shut down its messaging service; and DoorDash became the latest cyber breach casualty. The jobs numbers were optimistic in Canada, and the US also had good jobs news although the ongoing trade war and potential impeachment have put a negative spin on some of the reports coming out.
News from the Nest (September 2019)
The September 2019 edition of News from the Nest includes a regional job market update for Toronto, Ontario, IT Industry News, plus the hottest posts from the past month including “Work Smart, Not (too) Hard in your Job Search”
IT Industry News – August 2019
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.