The March 2018 Edition of News from the Nest includes links to our latest IT jobs, Eagle’s most recent IT Industry and Quarterly Job Market Updates, and our most popular recent posts, including “Canada’s Small Business Tax Changes from the New Federal Budget”.
IT Industry News – February 2018
February 2018 was a very active month in M&A, with lots of deals. The biggest saw more consolidation in the telco space with US based GTT paying $2.3 billion for London headquartered Interroute, thus expending its global footprint. Security companies were a theme in this month’s acquisitions and you will spot several in the following list. Cybersecurity firm Phishme was bought with $400 million of private equity money; Splunk paid $350 million for Phantom Cyber Corp; and Proofpoint paid $225 million for Wombat Security Technologies. Other deals saw LogMeIn pay $342 million for Jive Communications; Carbonite pay $146 million for Mozy; and Red Hat paid $250 million for Core OS. Some of the household names that were also out making deals included Oracle, Google, Opentext, Avaya and Citrix. All in all the busiest M&A month I have seen in a while.
Samsung was in the news for passing Intel in size within the chip manufacturing market for the first time, which is much more positive press than the scandal from a year ago. The fourth quarter of 2017 saw the first decrease in smartphone sales since 2004. It is suggested that cybercrime is now costing $600 billion annually which is up about a third in the last three years.
The Canadian market took a hit in January, losing 80,000 jobs (50,000 in Ontario). The stark difference in tax treatment between the Canadian budget and the US tax reform moves, together with NAFTA negotiations are causing some concern in Canada. The US however continues to enjoy continuing job growth and almost every indicator is positive. Around the world most countries are enjoying job growth and positive indicators. One exception to all that positivity is in the UK where the uncertainly around Brexit seems to be having an impact.
Eagle Celebrates Best Managed Company Recognition for the 20th Consecutive Year
Eagle Professional Resources (Eagle) is proud to have once again achieved Platinum Club status with the Canada’s Best Managed Companies program, Canada’s leading business award that recognizes excellence in Canadian-owned and managed companies with revenues exceeding $15 million.
Eagle Named a Great Place to Work for Inclusion
Eagle Professional Resources (Eagle), one of Canada’s leading staffing agencies, is proud to announce that it has been recognized on the 2018 Best Workplaces for Inclusion list by Great Place to Work (GPTW).
News from the Nest (February 2018)
Eagle’s monthly round-up of the latest IT Industry News, job market update, and top blog posts, including “2018 is Looking Great for Jobs in Canada… What Does That Mean for Employers?”
IT Industry News – January 2018
January 2018 saw the continuing saga of cities bidding to win Amazon’s second headquarters, now down to 20 finalists. The Meltdown and Spectre hardware bugs are causing major headaches for tech companies and their clients, with the potential for hackers to take advantage. On the M&A front, the big deal saw investment management software company SS&C pay $5.4 billion for financial services software company DST Systems. Amazon Web Services increased its cybersecurity protection capabilities through the purchase of Sqrrl. ADP bought gig economy tool WorkMarket and TD Bank bought a Canadian AI company Layer 6. After some good indicators in 2017 Canada lost 88,000 jobs in January. The U.S. numbers are still looking good, adding another 234,000 jobs in January. Global CEO confidence is up and indicators around the world still seem positive. A stock market correction in mid-January is, however, causing some concern.
News from the Nest (January 2018)
2018’s first News from the Nest features Eagle’s Canadian Job Market Update for Q4 2017, IT Industry News and highlights from the Talent Development Centre.
IT Industry News – December 2017
December 2017 saw Atos enhance the footprint of their IT Services firm by paying $5 billion for Gemalto. Apple were busy, paying $400 million for music recognition app Shazam plus they invested $390 million into optical communications components company Finisar. Finally, in a relatively quiet M&A month Ingram Micro increased its data protection capability through the purchase of Cloud Harmonics. The Canadian economy had some positive indicators, adding jobs and reducing the unemployment rate to 5.9%. The US also continued its growth rate, albeit at a slightly reduced pace although the announced tax changes for business are going to provide a significant stimulus. Generally, reports from around the globe were fairly positive, with job growth and reduced unemployment in most countries. There was a cautionary report about ransomware in Canada that might suggest up to 44% of SMBs were hit with ransomware in a 12 month period.
News from the Nest (December 2017)
Our December 2017 edition of News from the Nest includes the latest IT Industry News, plus the most popular recent Talent Development Centre posts, including Why Staying in Shape Benefits Your Career.
IT Industry News – November 2017
November 2017 saw some interesting information from countries round the world. China’s growth slowed a little, India is struggling in the IT jobs space and there are some negative effects from the upcoming Brexit that are affecting the UK and EU. The US is looking strong again following a hurricane affected dip and Canada added 35,000 jobs in October. The Big M&A activity for the month sees investment firm Thoma Bravo pay $1.6 billion for Barracuda networks. McAfee also made an acquisition of Skyhigh Networks now that they are no longer a part of the Intel group of companies. Smaller deals saw Talend buy Restlet and Qualys buy Netwatcher. Other companies in the news include Lenovo, a struggling hardware company in a declining PC market and laying off 2% of their workforce. The other company of interest was Uber who revealed a massive security breach which they had neglected to mention when it happened a year ago!