The February 2019 edition of News from the Nest includes the most recent IT Industry News Update, a regional job market update for Toronto, and some of the most popular articles right now, including 5 Pieces of Old Job Search Advice That No Longer Apply.
IT Industry News – January 2019
In January 2019, the biggest deal saw DXC pay $2 billion for Luxoft, DXC also bought EG A/S. Amazon Web Services made a couple of acquisitions: CloudEndure and TSO Logic. Accenture was another high-profile company making multiple acquisitions in January: Enaxis Consulting and Orbium. Dropbox splashed $230 million to buy HelloSign; Google bought DORA; Microsoft bought database startup Citus; AT Kearney bought consulting company Cervello; and Zix paid $275 million for email security company AppRiver. There were a number of companies announcing layoffs, including Tesla (7% of workforce); AT&T; Verizon Media (7% of workforce); McAfee (200 people) and SAP (4,000) although SAP suggest they will have net job growth in 2019. Canada added jobs in December and there is concern about Europe entering a recession. Generally, around-the-world job numbers look not too bad, with the US continuing to show strong job growth. The message of skills shortages is also being heard around the world.
News from the Nest (January 2019)
Happy New Year! This month’s edition of News from the Nest includes a regional job market update for Ottawa, Ontario, a summary of what happened in the IT Industry at the end of 2018, and a selection of top posts from the Talent Development Centre, including “New Year, New Job” — 5 Steps to Get Started in 2019.
IT Industry News – December 2018
December 2018 saw IBM sell off a portion of their software portfolio to HCL for $1.8 billion. Cisco paid $660 million for optical chip company, Luxtera; and OpenText paid $310 million for data management company Liaison Technologies. In other deals, Google bought “where is my train” app company, Sigmoid Labs; Corel bought desktop virtualization company Parallels; Trello bought Butler, whose product is a popular addition for Trello users; Kaseya bought IT documentation company IT Glue; and GE continued its restructuring efforts by spinning out its IoT subsidiary and selling its interest in Pivotal. Finally, the end of December was the beginning of Dell’s return as a public company. Other companies in the news include Huawei, who are facing bans in many countries with concerns over its relationship to the Chinese government; and Verizon announced some large-scale layoffs, affecting 10,400 jobs.
News from the Nest (December 2018)
The final edition of News from the Nest for 2018 includes a regional job market update for Edmonton, Alberta, the favourite IT Industry News update for the month of November 2018, and some of our most popular recent posts, including “How to Destroy an IT Job Interview in 6 Words or Less (and how you can fix it)”
IT Industry News – November 2018
November 2018 was a busy month in the M&A space, with lots of action! Among the many deals, the largest saw SAP shell out $8 billion for experience management company Qualtrics. Not far behind was Commscope paying $7.4 billion for telecommunication equipment maker Arris. Vista Equity partners paid $1.94 billion for cloud software company Apptio; and private equity fund CVC paid $1.8 billion for a global IT and managed services provider, ConvergeOne Holdings. The final billion-dollar deal saw Blackerry make its largest acquisition to date, paying $1.4 billion for AI cybersecurity startup Cylance. If that wasn’t enough action for one month, Amazon announced it would be investing $5 billion into its new headquarters in New York City and Arlington Virginia; Marriott announced a data breach that affects 500 million guests; and Facebook also announced a security breach affecting 50 million users!
News from the Nest (November 2018)
The November 2018 edition of News from the Nest includes a regional job market update for Calgary, our most recent IT Industry News update, and top Talent Development Centre posts, including “9 Tips You Must Read Before Sending Email from a Phone.”
IT Industry News – October 2018
October 2018 was an interesting month, with some significant M&A activity and the sad passing of yet another tech pioneer, Paul Allen, who cofounded Microsoft with Bill Gates. On the M&A front, IBM’s $34 billion acquisition of Red Hat was a game changer, overshadowing $2 billion deals by Thoma Bravo for Imperva and Twilio for SendGrid. Other deals saw Honeywell paying $493 million for Transnorm; Palo Alto Networks paying $173 million for Redlock; Computacentre paying $70 million for FusionStorm; GTT Communications paying $40 million for Access Point; and Fortinet spending $18 million for ZoneFox. There was plenty more M&A activity with big names involved. Other companies in the news include Google who are closing their Google+ social network amid security concerns and Amazon who announced 1,000 new jobs in the UK. On the economy and jobs front, the news was generally positive around the world.
News from the Nest (October 2018)
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IT Industry News – September 2018
September 2018 saw some big deals with Adobe’s $4.5 million purchase of Marketo being the big deal of the month. Sirius XM paid $3.6 billion for Pandora and Digital Realty is expanding with the $1.8 billion purchase of Brazil’s Ascenty. SS&C continues on its acquisition path with the $1.5 billion acquisition of Intralinks. Vonage paid $300 million for NewVoiceMedia; Microsoft was adding to its AI portfolio buying Lobe; Intel bought NetSpeed; Cognizant added to its Salesforce capabilities with the Advanced Technology Group buy; Infosys bought Fluido; and Slack purchased Astro. Other companies in the news were Facebook for announcing its first Asian datacenter and Verizon is in cost cutting mode. Not surprisingly, the US economy continues to hum along, with CDG growth rate of 4.2%, strong hiring outlooks and all indicators showing positive. An interesting report from South Korea highlights the growing phenomena of senior citizens working because the social systems are not strong.