Symbility Solutions’ acquisition of BNOTIONS gets thumbs up at Cormark

Cormark analyst Richard Tse says Symbility, which recently changed its name from Automated Benefits, is an up and coming SaaS vendor.

Cormark analyst Richard Tse says Symbility Solutions (TSXV:SY) latest acquisition gives it a valuable leg up against its competition. Last Wednesday, Symbility announced it had acquired Toronto-based data analytics firm BNOTIONS for approximately $3.8-million. “The insurance industry is facing more disruption than any other commercial sector, and carriers need to find ways to engage policy […]

VersaPay signs two large commercial real estate groups to ARC

VersaPay CEO Craig O'Neill.

VersaPay (TSXV:VPY) today says two prominent U.S. commercial real estate groups have signed on to use its cloud-based invoice presentment and payment offering, ARC. The company says that the pair of unnamed businesses represent nearly 20,000 tenants in over 500 shopping malls across the United States, and will generate about a quarter-million notices and invoices […]

Espial’s acquisition of Bluestreak will help ramp its visibility, says Euro Pacific


The pickup of Bluestreak Technologies will bring greater attention to Espial (TSX:ESP), says Euro Pacific Canada analyst Rob Goff. Yesterday, Espial announced it will buy the Montreal-based Bluestreak, although terms and condition were not disclosed. “Bluestreak brings software expertise and experience integrating leading over-the-top services. These capabilities will enhance Espial’s RDK and HTML5 solutions, which […]

Intermap Technologies races more than 400% on spatial data deal


Shares of Intermap (TSX:IMP) are up sharply today on news that a consortium led by the company has been awarded a governmental letter of award for the creation, operation and maintenance of a national spatial data infrastructure (SDI) program. The program is a public-private partnership that will last for twenty years. The company says the […]

Shopify gets its first taste of trouble as a pubco

May 26, 2015.

Well, it couldn’t go up forever. Following a fairy-tale IPO and market debut that served as a punctuation mark, shares of Shopify (TSX:SH, NYSE:SHOP) are under pressure for the second day in a row. On the TSX, shares of the Ottawa-based ecommerce player are down 6% today, currently trading at $40.90. That’s after the company […]

BlackBerry hardware will soon contribute less than 5% to its absolute gross margins, says Cormark

Cormark analyst Richard Tse thinks that by the second half of 2016 hardware will contribute less than 5% to BlackBerry’s absolute gross margin.

Cormark analyst Richard Tse says hardware is well on its way to becoming a non-factor for BlackBerry (TSX:BB, Nasdaq:BBRY), and its pivot to software could be accelerated by acquisitions. On Tuesday, June 23, before market open, BlackBerry will report its Q1, 2016 results. Tse thinks the company will post adjusted EPS of $0.00 on revenue […]

Vancouver’s Witkit Gains Traction Against Strong Headwinds

Witkit CEO Sean Merat

Witkit, a Vancouver-based end-to-end encrypted workplace collaboration platform, has announced that it now has 63,000 users, with a relatively high 73% active user rate. Witkit plans to come out of beta in the fall, after closing a round of financing that it’s currently negotiating. Even with widespread regional traction in Europe and the United States, […]

Halogen Software CEO Paul Loucks Talks to Cantech Letter


With Shopify’s recent dual-listed IPO, it’s tempting to look back to some recent entrants into the public market, among whom one finds talent management software maker Halogen, which IPO’d on the TSX in 2013. Speaking at the Cantech Investment Conference in January, Halogen CEO Paul Loucks, said, “The interest overall in the tech sector is […]

What is HR? HRIZONS CEO Jim Newman On The Challenges of Bringing HR Into the 21st Century

HRIZONS President and CEO Jim Newman

When we think about standard business practice being disrupted by new technological solutions, we tend to forget that companies are made of people. Even in this new era of innovation, how companies treat their people has remained surprisingly static. On the one hand, people are a company’s greatest resource, and yet we don’t tend to […]