July 2016 saw some large deals, with Verizon making two multi-billion dollar acquisitions. Oracle were also out spending big dollars, paying $9.3 billion for cloud-based ERP company, Netsuite. Softbank paid a whopping$32.2 billion for chip designer ARM Holdings. Also joining the July billion dollar club was security vendor Avast, who bought AVG for $1.3 billion. Other deals this month saw Salesforce pay $582 million for cloud-based startup Quip; Google bought video company Anvato; Terradata bought training company Big Data Partnership; and Opentext bought analytics company Recommind. Other companies in the news in July were Microsoft for their continuing layoffs associated with their Nokia purchase and Facebook’s internet drone program reached a milestone with its first flight. Oracle also lost a $3 billion lawsuit to HPE going back to a 2011 decision to not support HP Itanium servers. Things are slow here in Canada, and the US continues to create jobs and show positive signs.
News from the Nest (July 2016)
This month’s edition features Eagle’s Quarterly Job Market Update for Q2, IT Industry News for June 2016, top blog posts including “What Makes a Winner” and “The Benefits of Being an Independent Contractor”, plus interesting articles from across the industry.
Gig economy: Just the ticket for transitioning boomers?
Kevin Dee, former CEO of Eagle Professional Resources, is a boomer in the midst of transition. In his new role as chairman and founder, he steps away from the day-to-day operations of a busy staffing company and is looking at the gig economy as just one potential area for expansion.
IT Industry News – June 2016
June 2016 saw the Brexit vote upsetting the markets and causing uncertainty; plus there was plenty of M&A activity. The big deal was the Microsoft purchase of LinkedIn for a whopping $26 billion. More billion dollar deals included Salesforce paying $2.8 billion for e-commerce platform maker Demandware and Amazon announcing an extra $3 billion investment in its India operations. There were other significant deals by Daetwyler Holdings AG for Raspberry Pi maker Premier Farnell Plc; Red Hat for API management software company 3Scale; and OpenText for HP’s Customer Communication Management products. Additionally, an investment group bought Dell’s software arm; Microsoft bought natural language start up Wand Labs; and Samsung bought cloud computing company Joyent. Google Capital announced its first investment in a public company, investing $46 million in Care.com. The US economic news was less buoyant and Canada continues to show little sign of booming.
News from the Nest (June 2016)
This month’s issue features Eagle’s IT Industry News update, top blog posts including “A Peer Group for Motorbiking Business People?” and “The Best Way for IT Contractors to Stay Top-of-Mind to a Recruiter”, plus more favourites articles we recently came across.
IT Industry News – May 2016
May 2016 saw some M&A activity, with the largest deal seeing HPE merge its services arm with CSC. In another large deal, Vista Equity Partners is acquiring customer service and marketing cloud provider Marketo. Other big names making deals included Oracle, Google, Infor, and ARM. Microsoft ended an unhappy period by divesting its feature phone business to FIH mobile and GoDaddy picked up cloud-based phone company FreedomVoice. New Signature picked up another Microsoft solution provider, Dot Net Solutions; and Edmonton based F12.Net bought Calgary-based professional services company XCEL. Other companies in the news included Apple who invested into the Chinese “Uber” and Microsoft announced another 1,850 job cuts related to its mobile phone business. One security report suggests that two thirds of large businesses have suffered cyberattacks and another IDC report suggests the big data and analytics market will expand by 50% over the next 4 years.
News from the Nest (May 2016)
This month’s issue features Eagle’s IT Industry News update, top blog posts including “5 Rate Negotiation Mistakes Independent Contractors Sometimes Make” and “Give Help Unconditionally”, plus more favourites articles we recently came across.
Eagle CEO Ranks on W100
Janis Grantham Listed by PROFIT and Canadian Business as One of Canada’s Top Female Entrepreneurs
Our Toronto Office Has Moved!
Eagle is moving to larger offices. Our new Toronto office is located at 2 Queen Street East, Suite 1400.
IT Industry News – April 2016
April 2016 saw some big deals, the biggest was Bell’s $3.8 billion bid for Manitoba Telephone System. Other large deals saw a Chinese conglomerate bid for Lexmark; and Mitel shell out for Polycom. Oracle paid $663 million for cloud-based construction software company Textura. Nokia continued to evolve their business model, this time into the wearable tech arena with the $192 million purchase of Withings. Other deals saw Autodesk acquire Solid Angle; and Dimension Data bought Ceryx. Nokia announced layoffs, as well as Intel with major layoffs of 12,000 staff. There were some interesting reports about growth in the emerging markets for robotics and Internet of Things security while there is also a projected decline in general IT spending for 2016. This quarter also saw the first decline in smartphone sales as that market reaches saturation; however, China is expected to grow its technology spend this year.