August 2018 saw a fair amount of M&A activity. The big deal of the month saw Cisco pay $2.35 billion for access security company Duo Security. In other deals, VMWare paid $500 million for cloud management company CloudHealth; and HP splashed out $500 million for Apogee. Apple snapped up Augmented reality startup Akonia; Accenture made two small acquisitions in the digital space, Mindtribe and Pillar Technology; Intel picked up a small AI company Vertex.Ai and Vonage paid $35 million for video company TokBox. Apple was also in the news because it became the first public company to reach a $1 trillion valuation, and they were quickly followed by Amazon. General job indicators were good in Canada and even better in the US. There were several reports indicating a growing skills gap for key roles, particularly in tech, both in Canada and the US. On a final note, “digital” continues to be hot, with Canadian firms expected to spend more than $16 billion on digital tech and services this year.
News from the Nest (August 2018)
The August 2018 edition of News from the Nest includes a mid-year, Canadian Job Market Update, IT Industry News update for July 2018, and the hottest articles from the Talent Development Centre, including “The Reasons that Clients Give for Rejecting Great Candidates”.
IT Industry News – July 2018
July 2018 was busy in the M&A world, with the biggest deal of the month being a somewhat unlikely $19 billion acquisition of CA Technologies by Broadcom, who are clearly planning to expand beyond the semiconductor world. Solution provider, Atos is paying $3.45 billion for Syntel, creating a large North American presence. Fortive is paying $2 billion for physical resource management software company Accruent, and the last billion dollar deal of the month sees SS&C pay $1.45 billion for investment technology company Eze Software. Other deals saw AT&T buy cybersecurity company Alienvault; Hitachi bought AWS integrator Rean; Intel bought specialty chip maker eASIC Corp; Accenture continued its acquisition spree with the purchase of AI company Kogentix; and Getronics re-entered the North American market with the purchase of Pomeroy.
Other companies in the news included Google, who were fined $5 billion by European anti-trust regulators and Dell announced plans to go public again.
The US economy continues to have strong indicators in almost every category, with a growing concern about skills shortages in the tech space. The Canadian market added jobs, but most of them were public sector jobs and one report shows Canada’s ICT sector as performing poorly versus the other G7 countries. Employment indicators from most countries around the world were generally positive.
Other topics of interest include news that the Facebook group of companies have 2.5 billion people using their services at least once a month; the cost of data breaches to Canadian companies is on the rise; and people with blockchain expertise are amongst the most in demand resources.
Hot & Scarce: The IT staffing market has companies vying for candidates — but what about pay?
“Companies are trying anything and everything that they can,” says Kevin Dee, chairman and founder of Eagle Professional Resources, a staffing provider based in Toronto. “There are a lot of things people are doing to be first to the right candidate.” These include investing in processes and technologies to find people as well as offshore recruiting.
Eagle Earns ISO 9001:2015 Certification
Professional Staffing Company Continues to Prove Its Commitment to Quality
News from the Nest (July 2018)
July’s edition of News from the Nest includes our IT Industry News, a Regional Job Market Update for Toronto, Ontario, and trending articles including “How to Talk Money with Your Recruiter.”
IT Industry News – June 2018
June 2018 saw a fair bit of M&A activity, the biggest deal seeing Synnex pay $2.43 billion for call centre company Convergys and AT&T pay $1.6 billion for advertising tech company AppNexus. Palo Alto Networks is paying $300 million Evident.io; PayPal is shelling out $120 million for Simility; Splunk is paying $120 million for VictorOps; Ribbon Communication is paying $120 million for Edgewater Networks; and Sharp is paying $36 million for Toshibas PC business. Other companies out shopping include Cisco who bought WiFi analytics company July Systems; IBM bought maintenance and repair company Oniqua and Shopify bought app company Return Magic. Skills shortages were a theme around the world as hiring plans in most countries are positive. Confidence is high in many economies, including Canada’s despite the storm clouds surrounding NAFTA negotiations and the trade war with the US. Speaking of the US, their economy continues to roll along with very favorable indicators almost everywhere.
Eagle Among the Top ICT Staffing Companies in Canada
Professional Staffing Agency Ranks on Multiple Lists in Branham300
News from the Nest (June 2018)
This month’s edition of News from the Nest includes top jobs, the latest IT Industry News, Regional Job Market Update for Ottawa, and the hottest blog posts including “Older IT Professionals Can Still Rock Tech Career”.
May 2018 IT Industry News
May 2018 was a very active month for M&A activity, with Microsoft’s $7.5 billion purchase of GitHub leading the pack in size. Microsoft also bought AI company Semantic Machines. PayPal paid $2.2 billion for European payments company iZettle; Recruit paid $2.1 billion for Glassdoor; Investment firm KKR paid $2 billion for BMC Software; and Office Depot paid $1 billion for CompuCom. Other big names out shopping saw Oracle buy collaboration platform Datascience.com; Google bought cloud migration startup Velostrata; HPE bought Plexxi; Rackspace bought RelationEdge; and Splunk bought Phantom Cyber Company. There were a number of other deals, perhaps too many to mention.