Mitel makes big acquisition, picks up 4G LTE player Mavenir

McBee: "I think one of the things we needed to do was to re-establish credibility. After the company IPO'd we missed the very first quarter's guidance, which was pretty tough. Over the past year, we have been really focused on being consistent, which we have delivered on. We have met or beat our revenue targets for the last four quarters."

After its fourth quarter results were greeted with a yawn by investors last week, Mitel (TSX:MNW, Nasdaq:MITL) today shook things up with a surprise acquisition. The company announced that it will acquire U.S-based 4G LTE player Mavenir (Nasdaq:MVNR) in a stock and cash deal worth about $560-million. “Mitel is a leader in enterprise and cloud […]

Mitel falls after record fourth quarter results

mitel office

Shares of Mitel (TSX:MNW), Nasdaq:MITL) are off today after the company released its fourth quarter and fiscal 2014 results. In the fourth quarter, the company earned (U.S.) $10.8-million on revenue of $301.4-million, compared to a loss of $2.8-million on a topline of $144.8-million in last year’s Q4. For the year, Mitel lost (U.S.) $7.3-million on […]

Sierra Wireless is at the heart of tech’s biggest secular trend, says Cormark


Sierra Wireless (TSX:SW, Nasdaq:SWIR) is already an important player in the Machine-to-Machine (M2M) and Internet of Things space, which is biggest secular trend in tech today, says Cormark analyst Richard Tse. Yesterday, Sierra Wireless reported its fourth quarter and fiscal 2014 results. In the fourth quarter, The company lost $1.7-million on revenue of $149.0-million, up […]

Billion Dollar Bingo: Intertain Acquires Gaming Brands from Gamesys

Intertain's acquisition of assets from Gamesys includes U.K. online bingo leader Jackpotjoy.

After dropping the hint in late January that it was in “advanced discussions with a third party regarding a significant acquisition of certain assets.” Intertain Group (TSX:IT) pulled back the curtain on that acquisition this morning. The company announced that it was acquiring three gaming brands, including U.K. online bingo leader Jackpotjoy, on-line slot site […]

theScore rises after release of competitive video gaming app

the score esports

Today’s press release from theScore (TSXV:SCR) is one that might need explaining to the over forty set, but won’t surprise millennials in the least. Shares of the company are up today after the release of an app that allows users to follow the world of competitive online gaming, something theScore dubs “eSports”. By downloading the […]

CRTC Throws Canada Super Bowl Commercials Bone. But Where’s the Beef?

Canadians will soon say goodbye to this guy during the Super Bowl.

The CRTC today announced that, beginning in 2017, it will no longer allow Canadian broadcasters to substitute their own ads for those being broadcast during the American feed of the Super Bowl. The practice, known as simultaneous substitution, or “simsubbing” has annoyed Canadians for years, partly because the clumsy execution of it has led to […]

Bring Your Own Device: The Next Big Trend in Education


BYOD in Education This report was adapted by Cantech Letter from a piece prepared by Sophic Capital. For the original report, and more in-depth research, please visit Sophic Capital’s website, here. A trend to mobility is occurring inside and outside of the classroom. In the olden days of pencil and paper, too few students were […]

Rogers, BCE offer is a fair one for Glentel shareholders, says Euro Pacific


The deal that will see two of Canada’s telco incumbents own Glentel (TSX:GLN) is a good one for Glentel shareholders, says Euro Pacific Canada analyst Rob Goff. On Christmas Eve Day, Rogers and Bell issued a joint press release announcing the pair would jointly own Glentel, pending approval of BCE’s previously announced acquisition. On November […]