Descartes could transition to larger acquisitions, says CEO Ed Ryan

Descartes CEO Ed Ryan.

Waterloo’s Descartes Systems Group (TSX:DSG, Nasdaq:DSGX) is a serial acquirer of smaller companies, but the firm could soon make a big pickup, says its CEO. Ed Ryan, CEO of Descartes Systems Group was on BNN yesterday to talk about the company’s fiscal 2015 and beyond. On Thursday, Descartes reported its fiscal 2015 results. The company […]

OpenText wins minor settlement in Box infringement case

Box CEO Aaron Levie.

OpenText (TSX:OTC) today announced that a San Francisco Federal Court jury found that both Box Inc. and Carahsoft Technology Corp infringed on its patents. The court awarded the Waterloo-based company a settlement of less than $5-million. “We are pleased the jury has vindicated Open Text’s position that the three file synchronization/edit patents were both infringed […]

OpenText is ready for more M&A, says Cormark


Organic growth offers the potential to drive OpenText (TSX:OTC, Nasdaq:OTEX) higher, but acquisitions represent the core of its upside, says Cormark analyst Richard Tse. (All figures in U.S. dollars) OpenText will report its 2015 second quarter financial results after the close on January 27th. Tse says he expects the company will generate operating EPS of […]

Descartes Systems Group gets price target raise at Cantor Fitzgerald


A “strong” quarter has Cantor Fitzgerald Canada analyst Justin Kew feeling a little more bullish about Waterloo’s Descartes Systems Group (TSX:DSG, Nasdaq:DSGX). Yesterday, Descartes reported its Q3, 2015 results. The company earned (U.S.) $4.15-million on revenue of $43.1-million, up 11% from the $38.8-million topline the company posted in last year’s third quarter. “We’re pleased that […]

Can bitHound Replicate TinyHippos Success Story?


Kitchener-based software analytics platform bitHound recently closed a $2 million fundraising round led by Michael Wekerle, with an assist from BDC Capital and other unspecified investors. Wekerle was effusive about the company’s prospects. “bitHound is redefining the way developers and management work together, creating a tool that will foster conversation among developer teams,” he said. […]

Vidyard partners with Act-On to target billion dollar marketing automation spend

Vidyard's Michael Litt (foreground).

Waterloo’s Vidyard today announced it has launched an integration with marketing automation firm Act-On’s platform. Act-On, which aims to solve the tangle of leads a company might generate from modern outreach tools such as social media, says the mix of offerings will allow customers to gather video viewing and engagement data such as how long […]

Sandvine rises after booking $8-million in new orders

Sandvine today announced that its board has approved an open market stock buyback program for the purchase of up to approximately 12.5 million common shares over a one-year period. The number is nearly 10% of the 138,551,030 shares it had issued and outstanding yesterday.

Shares of Sandvine (TSX:SVC) are up today after yesterday announcing it had received $8-million in orders from three different “Tier 1″ operators. The company said the orders for its policy-traffic-switch platform and software licenses associated with it came from operators in the the Middle East and Africa Asia-Pacific region, Europe, and North America. A full […]

“I Love My BlackBerry,” Proclaims Kim Kardashian at Re/code’s Code/Mobile Conference

“I love my BlackBerry. I don’t understand the reaction I get when I say that.”

Kim Kardashian revealed her love for BlackBerry on Monday, at the Code/Mobile conference in Half Moon Bay, California, going so far as to describe the phone as “my heart and soul” in an on-stage interview with Re/code’s Kara Swisher. “I love my BlackBerry. I don’t understand the reaction I get when I say that,” Kardashian […]