August 2017, as has been the case for most of this year, was relatively slow on the M&A front. Symantec is selling its website security business to DigiCert for $1 billion, plus a stake in the larger entity. Cisco paid $320 million for hyperconvergence company Springpath, CGI bought consulting company in Pittsburgh, Summa Technologies and Accenture bought a Toronto consulting company VERAX. While not a pure tech play, the biotech world saw Aclaris pay $100 million for Confluence. There was some drama at Samsung, as Jay Y Lee was jailed for 5 years for bribery. There was also some internal drama at Infosys that saw their CEO Vishal Sikka resign. The Canadian economic indicators were mixed, but new proposed tax reforms, NAFTA negotiations, new labour laws in Ontario and an impending carbon tax that will hurt clearly have a negative impact on the Canadian economy. Meanwhile, the US economy seems to keep adding jobs and have fairly positive indicators.
News from the Nest (August 2017)
This month’s edition of News from the Nest includes the IT Industry News from around the world and a selection of our recent Talent Development Centre posts, including The Key Differences Between Contract and Permanent Resumes.
IT Industry News – July 2017
Cincinnati Bell Inc. is buying Hawaiian Telcom Holdco Inc. for $650 million and OnX for $201 million. Mitel announced its acquisition of ShoreTel as well as Toshiba’s unified communications business. In Toronto, digital signage solution provider, Dot2Dot, acquired Pixel Point Digital. PNI Canada Acuireco Corp. has purchased Sandvine Corp. and plans to merge Sandvine with Procera Networks. Reports indicate Microsoft plans to cut up to 3,000 jobs while streaming platform, SoundCloud has laid of 40% of its employees, and data storage provider, Seagate, plans more staff cuts due to weak financial performance. According to threat intelligence provider, Risk Based Security, the number of publicly-reported data breaches in Canada this year is up to 59. In a study conducted by Forrester Data, it is projected there will be 5.5 billion smartphone users around the world by 2020. In other news, there has been a recent increase in investments in European startups according to Invest Europe.
News from the Nest (July 2017)
This month’s edition of News from the Nest features our Canadian Job Market Update for the 2nd quarter of 2017, IT Industry News from June, and top blog posts, including The Myth of the ‘2 Page Resume’.
IT Industry News – June 2017
The largest deal of the month was Amazon’s purchase of Whole Foods for $13.7 billion or $42 a share. Westcon-Comstar’s American business is being bought by Synnex for approximately $800 million. US fintech provider, Fiserv purchased British financial services technology firm, Monitise for $88.7 million. Microsoft has purchased Israli cloud startup, Cloudyn, for a price between $50 million and $70 million. Rackspace has acquired TriCore in an effort to increase Rackspace’s business from customers who want help running their critical applications. Ebix Inc. has entered into a joint venture with Essel Group. while acquiring a majority stake in ItzCash for $120 million.
News from the Nest (June 2017)
This month’s issue of News from the Nest includes links to the latest hot jobs at Eagle, our most recent version of IT Industry News, and top posts from the Talent Development Centre.
IT Industry News – May 2017
The most significant purchase in May 2017 was the $1.86 billion sale of CenturyLink’s data centres and colocation business to a consortium led by BC Partners, Medina Capital Advisors and Longview Asset Management. Cybersecurity startup, Hexadite, was bought by Microsoft for $100 million. Goldman Sachs entered the BI space by purchasing a minority stake in Information Builders of New York City. Apple acquired Beddit, a Finnish sleep sensor product, for an undisclosed amount. Finnish cybersecurity firm, F-Secure acquired British security consultants, Digital Assurance also for an undisclosed amount. In other news, increasing smartphone sales around the world are not coming from tech giants like Apple and Samsung. Chinese smartphone makers are on the rise and gaining significant market share at home and in other densely populated countries.
Eagle Remains a Top Canadian ICT Staffing Company
Canada-Wide Recruitment Agency Listed Among Top ICT Companies in the Country
Eagle Sponsors “Fight to End Cancer”
Professional Staffing Company Continues to Step into the Ring for Charity
News from the Nest (May 2017)
Eagle’s monthly newsletter for May 2017, including links to the hottest jobs, IT Industry News, and top blog posts, including Why You Should Complete a Matrix and the Secret to Doing It”