QHR restructuring gets thumbs up at Paradigm

QHR President Mike Checkley.

A shakeup at QHR (TSXV:QHR) is getting the thumbs up from Paradigm Capital analyst Christopher Lam. Yesterday, QHR announced that long-time exec Mike Checkley would assume the role of President and the company followed up on a product strategy review it initiated last month. “I’m very pleased to announce Mike Checkley’s appointment as president,” said […]

OpenText slammed after restructuring announcement

Open Text CEO Mark Barrenechea. PI analyst Pardeep Sangha regards Open Text's Q3 as only "slightly positive". Although the company beat consensus estimates, he says, its decline in licensing revenue is troubling.

Shares of OpenText (TSX:OTC) are getting hit today after the company announced a comprehensive restructuring that will reduce the size of its workforce by five per cent. CEO Mark Barrenechea, whom the company also announced is returning to work after leaving for leukemia treatment, said the move would not impact the Waterloo-based company’s topline. “Effective […]

Absolute Software is still undervalued, says Haywood

Absolute Software CEO Geoff Haydon.

A solid third quarter has Haywood analyst Massimo Voci feeling bullish about Absolute Software (TSX:ABT). Last Thursday, Absolute reported its Q3, 2015 results. The company earned (U.S.) $2.79-million on sales contracts of $21.2-million, a 3% topline bump over the same period last year. “These results demonstrate the progress we are making in our key strategic […]

Waterloo’s Kik Interactive Hires Ad Exec Josh Jacobs To Open Los Angeles Office

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Kik Interactive, makers of popular messaging app Kik, has hired Josh Jacobs to open a Los Angeles office. Kik already has offices in New York and San Francisco, as well as its native Waterloo, Ontario. Mr. Jacobs comes out of four years as CEO for digital advertising agency Accuen, a subsidiary of Omnicon Media Group […]

IoT Analytics Company mnubo Raises $6 Million Through White Star Capital and McRock

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Montreal Internet of Things data analytics company mnubo has announced a $6 million Series A round of funding led by White Star Capital, with participation from dedicated Industrial IoT fund McRock Capital. mnubo plans to expand its global commercial team and to accelerate the data science and machine learning aspects of its offering in order […]

Wave Accounting Raises $10 Million Series C Round

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Wave Accounting Inc., the Toronto-based small business accounting software provider, has raised a $10 million Series C round of funding via Menlo Park’s Charles River Ventures, Social+Capital Partnership and an unnamed strategic investor in the financial tech software space, as well as longtime contributor OMERS Ventures. The funding is earmarked for innovation and the development […]

Solium Capital’s growth is lumpy but consistent, says Haywood

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Haywood analyst Massimo Voci says Solium Capital (TSX:SUM) delivered better than expected first quarter results depite soft transaction volumes, underlining that the company’s long term trend is upward. On Tuesday, Solium Capital reported its Q1, 2015 results. The company earned $4.33-million on revenue of $24.6-million, a 13% increase over last year’s topline. Voci notes that […]

Mitel’s Mavenir acquisition brings risk and potential reward, says Cormark

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Cormark analyst Richard Tse says he will be listening closely to Mitel’s (TSX:MNW, Nasdaq: MITL) guidance on its Mavenir acquisition, which closed April 29. On Thursday, before market open, Mitel will report its Q1, 2015 results. Tse thinks the company will post Adjusted EBITDA of (U.S.) $27.4-million on a topline of $254-million, a take he […]