Avigilon rises after management shuffle

Avigilon CEO Alexander Fernandes.

Shares of Avigilon (TSX:AVO) are up today after the company announced a change in its management structure. Gone are COO Bryan Schmode and VP of Global Operations Collis Heath. Replacing them is a new structure that will see the company’s seven departments; product development, sales, marketing, operations, finance, legal and human resources, reporting directly to […]

Meet Lenny, the bot who trolled a Conservative campaign telemarketer for 11 minutes


Lenny, a bot who presents himself to telemarketers as a hard-of-hearing man partial to telling random anecdotes about his “third eldest” and generally giving telemarketers a hard time, has unleashed his time-wasting might on an unwitting volunteer calling on behalf of the Pierre Poilievre campaign, eager to know if he’d be interested in accepting a […]

Quebec Sending Mixed Signals On Uber


While taxi drivers demonstrated across Quebec on Tuesday morning, demanding clarification of Premier Couillard’s position on UberX, the future of ridesharing in Quebec is less clear now than it was a few months ago owing to conflicting signals sent by the premier and Montreal’s mayor Denis Coderre. Taxi drivers, both encouraged by Denis Coderre’s opposition […]

Moncton’s RtTech Given Preferred Vendor Status by Canadian Manufacturers and Exporters


Moncton, New Brunswick’s RtTech Software has been given SMART Program Preferred Vendor status by Canadian Manufacturers and Exporters (CME), making it pre-approved to work with companies that apply for funding offered through Ontario’s SMART program. The CME’s SMART Program offers manufacturers the opportunity to apply for funding up to 35% of a project’s cost to […]

With $50 Million From China’s Tencent, Kik to Blur Line Between Chat and Offline


Tencent, creators of the Chinese chat app Weixin (WeChat), has invested a $50 million Series D round of funding into Waterloo’s Kik Interactive, a strategic move allowing Tencent access to Kik’s 240 million North American users. Kik Interactive claims that the investment now values their company at $1 billion. Like many in the unicorn club, […]

Absolute Software spikes after announcing dividend raise

Absolute Software CEO Geoff Haydon.

Shares of Absolute Software (TSX:ABT) are up today after the company reported its fourth quarter and fiscal 2015 results and announced that it would raise its dividend. In the fourth quarter, the Vancouver-based software company lost 700,000 on revenue of $23.3-million, matching the topline the company posted in the same period last year. “In the […]

ioFabric Wins Most Innovative Application Award at Flash Memory Summit


Toronto’s ioFabric has taken the Most Innovative Enterprise Business Application award at the annual Flash Memory Summit in Santa Clara, California for its Vicinity product, a flash-optimized, SDS (software-defined storage) solution that IT professionals and other users can deploy to reduce costs and technical frustrations associated with data storage. The Flash Memory Summit is ground […]

Intelex Technologies Secures $160 Million Investment

Intelex President and CEO Mark Jaine

Environmental, Health, Safety (EHS) and Quality management software provider Intelex Technologies Inc. has secured a $160 million investment led by JMI Equity, with an assist from Boston-based HarbourVest. After more than 20 years, this represents the first time Intelex Technologies has taken outside investment. The size of this investment puts Intelex into a group of […]

Solium Capital helped by low Canadian dollar, says Euro Pacific Canada


Euro Pacific Canada analyst Andrej Krneta says Solium Capital (TSX:SUM) is facing challenges in its business that are being masked by the benefit of a low Canadian dollar. Tomorrow, after market close, Solium Capital will report its Q2, 2015 results. Krneta says he is reassured by Solium Capital’s investment in organic growth, but says it […]

Kinaxis gets price target raise at Cormark


A better than expected second quarter has Cormark analyst Richard Tse feeling bullish about Kinaxis (TSX:KXS). Yesterday, Kinaxis reported is Q2, 2015 results. The company earned (U.S.) $5.18-million on revenue of $23.7-million, a topline that was up 32% over the same period last year. “Our second quarter results showed impressive growth in many areas, demonstrating […]