Canadian Technology Stocks and Startups
M Partners analyst Ron Shuttleworth says the business Redknee (TSX:RKN) acquired through Nokia Siemens Networks is showing signs of stickiness and stability. Shuttleworth notes that, over the past few days, Redknee has announced some meaningful customer renewals. He believes each of these deals will represent $3-million to $4-million in annualized revenue, and many are incorporating [...]
The rest of the world is finally starting to realize that Canada is more than pucks and pipelines. Sunday’s edition of USA Today featured an article by Peter Moreira called “Beyond BlackBerry, Canadian tech is humming”. The article talks about how a vibrant tech sector has grown up in the considerable shadow of BlackBerry. “No [...]
Shares of Mississagua’s Redknee Solutions (TSX:RKN) are in the green again today, but you couldn’t blame investors for not noticing; the company has nearly doubled since the stunning acquisition of assets Nokia Siemens Networks’ Business Support Systems business. The pickup, made early in December, cost Redknee $54-million, made up of $29-million in cash, plus a [...]
Cormark analyst Richard Tse, who has been a regular attendee at CES, the Computer Electronics Show held this time each year in Las Vegas, says this one was a snoozer for gadgets. But Tse, who returned from CES this past weekend and updated his clients on the show Monday says this isn’t necessarily a bad [...]
2012 was a tricky year. On one hand, continued lacklustre returns in the mining and metals sector should have opened up the door for Canadian tech stocks. A sector rotation, however, may have been nipped in the bud by the sheer lack of tech listings. This short list was made shorter this year by a [...]
Yesterday Redknee (TSX:RKN), amid the release of lucklustre Q4 earnings, surprised the market, announcing it had acquired the Business Support Systems division of Nokia Siemens Network. After the announcement, shares of the Mississauga company spiked more than 20%, and the company finished the day as one of the TSX’s most active stocks. M Partners analyst [...]
Mississauga’s Redknee (TSX:RKN), sometimes the subject of takeover rumours itself, this morning announced a surprising M&A move of its own. The company will acquire Nokia Siemens Networks’ Business Support Systems business. The acquisition will cost Redknee 15 million euros in cash plus a maximum of 25 million euros for performance-based cash earn-outs, which are expected [...]
Yesterday, Redknee (TSX:RKN) reported it had signed a “multimillion-dollar, multiyear” contract to provide cloud-based converged billing services to to Step Up Mobile, a US-based mobile virtual network operator that will launch on the Sprint network midway through 2013. Redknee CEO Lucas Skoczkowski said the contract is evidence his company is gaining momentum: “We are very [...]
Redknee (TSX:RKN) this morning announced that a tier one North American service provider had selected the company’s cloud-based billing platform. The contract was described in today’s press release as a “…multimillion-dollar, multiyear-term licence.” Lucas Skoczkowski, Redknee’s CEO said: “The signing of this converged billing contract achieves a significant milestone in Redknee’s growth strategy, which focuses [...]
Last Wednesday, Redknee (TSX:RKN) reported its Q3, 2012 results. The company’s topline, which increased slightly from $14.2-million to $14.8 million was not the story, it was earnings. Redknee’s net income came in at $1.7-million versus a loss of $1.9-million in the same period last year. “Our fiscal third-quarter results demonstrated our ability to grow with [...]
