Tom Sweeney

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Archive for August, 2010

March Networks posts profit in Q1

Posted by sweens on August 26, 2010

Published on August 26th, 2010
Canadian Press

March Networks (TSX:MN) posted a small profit in its fiscal first quarter, reversing a year-ago loss as demand improved.

The provider of applications used for security surveillance said late Wednesday it earned $100,000 or one cent per share in the three-month period ended July 31, compared to a loss of $500,000 or three cents per share a year earlier.

Revenue was $26.3 million, up 10 per cent from $24.0 million in the same period of fiscal 2010.

“The first quarter of fiscal 2011 was very encouraging for the company as demand returned in the North American market after a tough fiscal 2010 to deliver revenue growth and a return to profitability,” stated CEO Peter Strom.

“Recently announced retail and banking deals are expected to help drive continued revenue growth and profitability in the second quarter of fiscal 2011,” he added.Shares in the Ottawa-based company were unchanged at $4.10 in Wednesday trading on the Toronto Stock Exchange.

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Solace inks distribution agreement with Hong Kong firm

Posted by sweens on August 26, 2010

Published on August 24th, 2010
OBJ Staff
Ottawa Business Journal

Hardware-based middleware firm Solace Systems has signed an agreement with Hong Kong-based Serisys Solutions Ltd. to distribute Solace’s hardware products in China, the firms announced Tuesday.

Financial terms of the deal, which lets Serisys sell and service equipment to its banking and capital-market customers through mainland China and Hong Kong, were not disclosed.

In a statement, Solace said the agreement would position the firm well in a geographical area with great growth potential.

“Financial firms in China and Hong Kong are experiencing massive transaction volumes that are pushing existing systems to their limits,” stated Crispin Clarke, Solace Systems regional vice president, Asia Pacific.

“Working with a visionary firm like Serisys improves our ability to bring the benefits of middleware appliances to leading financial firms in one of Asia’s fastest growing markets.”

Solace specializes in manufacturing hardware “middleware” that allows computer applications, that previously couldn’t communicate with each other, to share information.

The Ottawa-based firm’s technology is also used in companies that deal in financial markets, governments, telecommunications and transportation.

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JobServe partners with IT World Canada

Posted by sweens on August 26, 2010

Published on August 26th, 2010
OBJ Staff
Ottawa Business Journal

Internet recruitment service firm JobServe Canada Inc. has signed a partnership agreement with an IT media information company to provide a niche online job board, the companies announced this week.

JobServe, which has its Canadian headquarters in Ottawa, will provide its services to IT World Canada and allow jobs on both sites to be cross-advertised.

“This exciting partnership creates the first real ITniche job board in Canada that will be hard to match by anyone,” said JobServe Canada CEO Christopher Klotz in a statement.

The agreement takes effect September 1 and covers all of IT World Canada’s publications, including ComputerWorld and NetworkWorld. 

Terms of the deal were not disclosed.

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