February 2017 saw very little M&A action. Nokia paid $371 million for Comptel and Apple picked up an AI startup company RealFace. Another company in the news, but for the wrong reasons was Samsung which is in the middle of a significant bribery scandal. On the economic front there were a lot of positive indicators out of the US and Canada also added 48,000 jobs in January. Around the world, the UK is starting to see some labour impacts from the Brexit decision as EU nationals are not applying for jobs they used to do. Brazil reached a record high in unemployment, in India hiring activity declined and in China there is expected to be a boom in hiring. Perhaps more interesting this month than the M&A activity, or lack thereof, were some other tidbits of news.
Eagle Celebrates International Women’s Day with Major Accomplishment!
Eagle is proud to announce that it has been listed on the 2017 Best Workplaces for Women list. The list was officially published on Monday by Great Place to Work Institute Canada in celebration of International Women’s Day.
News from the Nest (February 2017)
This month’s issue features links to Eagle’s hottest IT jobs, an IT Industry News update, and top posts Talent Development Centre Posts, including The Insider’s Guide to Moving to Vancouver.
IT Industry News – January 2017
The multi-billion-dollar deal of the month was Cisco’s purchase of app performance management company, AppDynamics for $3.7 billion. In additiona, HP Enterprise purchased data center hardware provider, SimpliVity, Microsoft acquired Montreal-based deep learning start-up Maluuba, Google announced plans to purchase Fabric, Trello has been purchased by Atlassian, Salesforce bought Unity&Variety and Datavail acquired Canadian IT channel leader Navantis. Some non-M&A news in January included IBM announcing it broke the US record for number of patents granted in a single year — 8,088 to be exact. Avaya Inc. announced it filed for Chapter 11 bankruptcy protection as a result of accumulating debt from their major acquisitions in the last ten years. According to a report released by Gartner Inc., 2016 saw a decrease in the shipment of PCs, the lowest it has been since 2007.
News from the Nest (January 2017)
Eagle’s monthly update for January 2017, including a Canadian Quarterly Job Market Update for 2016’s final quarter, Industry News, and top posts from the Talent Development Centre, including “This CRA Mobile App Will Help with Your 2017 Taxes”.
Industry News – December 2016
In December 2016, Adecco sold its majority stake in Beeline VMS to GTRC for $100 million in cash plus a $30 million note; SS&C purchased Conifer for $88.5 million; QRX Technology Group acquired IT equipment provider Kerr Norton; Juniper Networks acquired cloud operations management provider AppFormix; Uber bought Geometric Intelligence Inc.; and Shopify acquired Tiny Hearts, a Toronto-based mobile product development studio. In other news, Yahoo disclosed that one billion accounts were hacked in 2013, making it the largest data breach recorded in history. To safeguard against hacking attempts on your devices, Check Point Software advises users to make sure they download the latest versions of software as they have discovered new malware that targets devices running outdated software. Cyber attacks and security breaches are also a major concern for IT and business professionals where, according to Symantec, 30% of business surveyed have experienced a hack over the last two years.
News from the Nest (December 2016)
This month’s issue of News from the Nest includes technology industry news, our latest IT jobs, and hot blog posts, including Should You Share Your Compensation History with Your Recruiter, Does a Great LinkedIn Profile Really Matter, and Surviving the RFP Process.
Industry News – November 2016
November 2016 saw some M&A activity, although it was not too busy. The big deal of the month saw Broadcom acquire Brocade Communication Systems. Adobe also purchased TubeMogul; Wipro Limited will Appirio; Oracle Corp. has announced its plans to acquire Dyn Inc.; SoftwareOne acquired and integrated House of Lync; and Avnet completed an acquisition of Hackster. In other news, hackers caused some problems for Casino Rama Resort and AdultFriendFinder exposed 340 million users’ information. A Harvey Nash Technology Survey suggests 94% of technology professionals across the world believe a significant part of their job will be automated within ten years, rendering their current skills redundant. The economic indicators in the US were generally favourable and jobs numbers were quite positive. Canada’s economy continues the same tepid trend we have seen for quite some time. Sometimes up a little, sometimes down a little, with unemployment hovering around the 7% mark.
News from the Nest (November 2016)
This month’s issue features the most recent IT Industry News, our Quarterly Job Market Update, and top posts including “5 Common Rate Negotiation Mistakes” and “What’s Really Going to Happen to the Price of Oil?”
IT Industry News – October 2016
October 2016 did not have much in the way of deals, with one BIG deal seeing Qualcomm pay $47 billion for NXP Semiconductor. Wipro also paid $500 million Appirio, Google picked up FameBit, and Pivot Technology Solutions bought Teramach. Other news saw Google step into the smartphone world with the release of Pixel, at a time when wireless use in Canada is more than 50% of telecom revenues. Twitter announced layoffs plus the fact it will be shutting down the video service Vine and HP Inc. also announced layoffs. Most indicators that were based on numbers were reasonably positive. A couple of subjective indices were down, but nothing crazy. There were also numerous reports from IDC and Gartner this month with predictions of growth in many tech sectors including total IT spend, cloud spending, security spending etc. About the only areas that are trending down are PC and smartwatches. Here at Eagle, our CEO, Janis Grantham was included in the 2016 Global Power 100 Women in Staffing list.