Tom Sweeney

It's a coming of age tale….

Posts Tagged ‘Recruit’

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.

http://www.obj.ca/Technology/2010-08-26/article-1700123/JobServe-partners-with-IT-World-Canada/1

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Bridgewater bumps up revenue 41 per cent in Q2

Posted by sweens on July 29, 2010

Bridgewater Systems posted a 41-per-cent increase in second-quarter revenues Thursday, but one analyst cautions a pull-back by the company’s largest customer could create anxiety among investors.

The Ottawa-based software development firm reported revenues of $22.7 million, powered in large part by product sales, which increased 47 per cent to $17.1 million.

Earnings before income taxes were $4.8 million in the same period, an increase from the $4.1 million posted the year before.

The firm’s $47.2 million in revenues in the year to date is also 56 per cent higher than revenues in the first six months of fiscal 2009.

A conference call with analysts Thursday morning discussed the company’s wins in attracting new customers, particularly overseas, and the expansion of partnerships with existing customers such as Cisco and Verizon.

However, mitigating the rosy outlook and continued customer growth was analyst concern about Verizon’s shift away from purchasing Bridgewater software and hardware solutions as a bundle and instead focusing on just the software solutions instead, said Bank of Montreal analyst Thanos Moschopoulos.

“I don’t think it will impact Bridgewater all that much, but when your largest customer is looking to tweak the way business is doing with you it makes people nervous,” he said.

He added he doesn’t see much of an impact given “Verizon has very rapid traffic work on 3G network” and that mobile Internet demand is not expected to slow down any time soon.

The challenge for Bridgewater, he added, was to position itself for the LTE market in the coming years, but that will not begin to take a large share on the market for about 24 to 36 months, he said.

The company highlighted its growth in developing countries during the conference call.

“We have a focus on global expansion and emerging markets,” said Ed Ogonek, chief executive of Bridgewater, talking particularly about their work in India as the country begins its move from 3G to 4G spectrum options.

“We’ve built a technical servies and professional services capability to put some additional in-country and in-region capability,” he added.

“One of the fascinating things around the market is it’s rich with skillset and technical experience.”

The addition of 17 new customers, including 11 outside of North America, drew praise from analysts, although they also drew concern that the new partner business represented only seven per cent of revenues and it is not expected to increase substantially in the next few quarters.

Research notes from Kris Thompson, of NBF financial, said the new customers “should aid future revenue growth and customer diversification.”

He noted that management had continued to keep up its revenue guidance of $85 million to $94 million.

“We continue to expect new customer wins in Q2 2010 to help the company beat this range,” he stated.

Bridgewater further noted two existing customers represent 59 per cent of the firm’s revenue. Chief financial officer Kim Butler said “one can assume” Verizon was one those partners but could not separate the two into more exact numbers.

For future guidance, Mr. Ogonek said the company has been involved in Europe and other regions in implementing a system that can help consumers avoid “bill shock” by sending mobile alerts when the person is getting close to the limit of their browsing downloads.

With more carriers looking to implement these systems in the next year or two, Mr. Ogonek said the company is well-positioned for growth in the coming 24 months.

In the second quarter, gross margin was $15 million, or 66 per cent of revenue, compared with $12.1 million, or 75 per cent of revenue in Q2 2009.

Bridgewater stated this is due to a bump-up in direct-product costs due to bundling integrated systems together, as well as increasing the infrastructure of operations support.

Net earnings before income tax went up 17 per cent to $4.8 million, compared with $4.1 million in the second quarter of 2009.

After income tax, net earnings were $3.2 million, or $0.13 per fully diluted share, compared with $4.1 million ($0.17 per share) in Q2 2009. The decrease was due to a one-time income tax spending of $0.6 million and a non-cash future income tax expenditure of $0.9 million.

http://www.obj.ca/Technology/2010-07-29/article-1631057/UPDATE-2%3A-Bridgewater-bumps-up-revenue-41-per-cent-in-Q2/1

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Ottawa small-business owners third happiest in Canada: TD survey

Posted by sweens on July 26, 2010

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

Around 84 per cent of small-business owners in Ottawa are happier owning and running their own business than being an employee, according to numbers released by the TD Small Business Happiness Index on Monday.

Overall happiness ranked at 27 per cent, placing owners in the city at the third-happiest in Canada — just behind Calgary (30 per cent) and Montreal (29 per cent).

“What the TD Small Business Happiness Index demonstrates is that small business owners enjoy a sense of control and freedom that they don’t generally realize when working for someone else,” stated Alec Morley, senior vice-president of small business banking at TD Canada Trust.

“Despite the recent economic downturn and the ongoing challenges of managing and growing a business, the personal satisfaction small business owners report illustrates one of the key advantages of owning your own company.”

According to TD, the following factors contributed to small-business hapiness:

– Pride and accomplishment from owning your own business (93 per cent);
– Volunteering or donating money to local charities or sports teams (93 per cent);
– Feeling a “deep personal connection” to employees and customers (85 per cent).

Other benefits included being your own boss and setting your own schedule, although long hours were a staple of business — at an average of 50.4 hours a week, among the top three in North American cities surveyed. Forty-three per cent of owners worked more than 60 hours a week.

“Small business owners tell us that owning a business has many advantages, despite the day-to-day challenges that come with running a company like red tape, property taxes and attracting and retaining talent,” stated Morley. 

The survey was conducted by Environics Research, and polled 1,213 small-business owners across the continent between May 13 and June 15. That included 101 small business owners in Ottawa.

http://www.obj.ca/Local/2010-07-26/article-1610376/Ottawa-small-business-owners-third-happiest-in-Canada%3A-TD-survey/1

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CGI wins contract with BEER STORE

Posted by sweens on July 14, 2010

Toronto
The Canadian Press
Published on Wednesday, Jul. 07, 2010 12:18PM EDT

CGI Group Inc. has won a seven-year, multimillion-dollar contract to provide infrastructure information technology services to The Beer Store, Ontario’s primary beer retailer.

The outsourcing agreement also encompasses infrastructure services for Brewers Distributor Ltd., a wholesale distributor of beer and the collector of returnable, refillable and recyclable beer containers in Western Canada, the Northwest Territories and the Yukon.

“We are confident that CGI’s intimate understanding of our business will assist us to make the best technology choices,” stated Ted Moroz, president of The Beer Store and Brewers Distributor.

The exact value of the agreement was not provided.

Doug McCuaig, president of CGI Canada, said the company is committed to establishing and maintaining long-term client partnerships.

“Going forward, we plan to leverage our comprehensive portfolio of services to further assist The Beer Store and Brewers Distributor,” Mr. McCuaig said.

CGI is Canada’s largest IT services firm. The Montreal-based company and its affiliated companies employ 26,000 professionals around the world. It had $3.8-billion in revenue in 2009.

Established in 1927, The Beer Store and its 438 stores sell 85 per cent of the beer in Ontario. It also supplies imported and domestic beer to more than 16,000 bars and restaurants and delivers domestic beer to 604 Liquor Control Board of Ontario (LCBO) stores.

http://www.theglobeandmail.com/globe-investor/cgi-wins-contract-with-the-beer-store/article1631705/

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Corporate profits likely headed downward this year: Conference Board

Posted by sweens on June 9, 2010

Canadian companies saw their profitability outlook weaken in May after a strong post-recession recovery, and will likely see a modest drop in the second half of year, according to Conference Board of Canada.

A leading indicator that tracks profits across Canada’s various industries fell 0.4 percentage points from April, the second month in a row it has registered such a drop, the Ottawa-based think-tank said Wednesday.

“The decline suggests that after experiencing a strong post-recession recovery, corporate profitability will weaken modestly in the second half of the year, as interest rates rise,” the Conference Board said in a statement.

“The outlook for most industries remains positive, but their rates of profit growth are expected to slow.”

The survey covered 49 industries, 39 of which saw an increase in May, improved from 37 in the previous month.

The profit weakness, however, is “not expected to derail the broader economic recovery,” it said.

Profit recovery among Canadian companies is expected to be “uneven” with volatility in commodity prices, currency exchange and interest rates hikes, which began earlier this month when the Bank of Canada raised its key lending rate from rock bottom to 0.5 per cent.

The Conference Board noted that indexes it tracks for Canada’s most influential sectors, such as trucking and wholesale trade, are still showing strong growth.

http://www.obj.ca/Canada—World/2010-06-09/article-1238034/Corporate-profits-likely-headed-downward-this-year%3A-Conference-Board/1

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Layoffs at March Networks slash 7% of global workforce

Posted by sweens on June 8, 2010

On the eve of announcing its fourth-quarter results, March Networks (TSX:MN) confirmed Tuesday that it recently laid off seven per cent of its global workforce – a total of 20 employees out of about 250 people.

“It consists of strategy or transitioning the March business into more sales and marketing activities, and it reflects how the business is moving more into a software sphere,” said Simon Gwatkin of the company’s investor relations, when contacted by OBJ.

Mr. Gwatkin did not release any local numbers or what sectors were affected, although a source told OBJ that at least one Ottawa engineering employee was downsized.

As of February 2010, after several rounds of layoffs, March employed 160 people in Ottawa, according to the latest edition of Ottawa Technology Magazine.

Also in February, March released its Q3 results and said the weak showing was due to poor “sales visibility”, particularly in the U.S. and Dubai, and added the company had not met investor earning expectations for the first nine months of its fiscal year.

At the time, the Ottawa-based company — which deals in digital surveillance — said it had revenues of $20 million for the quarter ended Jan. 31.

This was a decrease of 15.2 per cent from Q1 2008 and broadened the firm’s net loss from $3.52 million or 20 cents a share to $1.26 million or seven cents a share.

“In spite of the economic challenges and deferred capital spending within many of our vertical markets, the company has experienced year-to-date revenue growth in the commercial industrial market,” stated March Networks CEO Peter Strom at the time.

“We continue to invest in R&D and technologies that address the evolving needs of customers in our key vertical markets in order to support revenue growth.”

Q4 financials will be released at the end of trading day on Wednesday.

http://www.obj.ca/Technology/2010-06-08/article-1233109/Layoffs-at-March-Networks-slash-7%25-of-global-workforce/1

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Nortel wraps up sale of CVAS business to GENBAND; almost 400 Ottawa jobs preserved

Posted by sweens on May 31, 2010

GENBAND has completed its acquisition of the Nortel’s carrier voice-over-Internet protocol and application solutions business, one of the last major pieces of the fallen telecom giant to be sold.

Plano, Texas-based GENBAND, which announced the US $182-million deal in February, said Friday that it’s now wrapped up planning for the integration process and has finalized its executive management team, reporting structure and product roadmaps.

As well, nearly 100 per cent of the 400 employment offers extended to Nortel’s former employees in the division have been accepted, the company said. There will be approximately 500 people in total working for GENBAND in Canada.

 “We are pleased to further our vision of fuelling next-generation network migration and IP multimedia services deploymehnt through our successful acquisition of Nortel CVAS technology and talent,” said GENBAND chief executive Charles Vogt in a statement. “By creating one of the most comprehensive, standards-based, interoperable switching portfolios in the world, we will facilitate the industry’s massive and ongoing efforts to modernize networks, maximize existing investments and converge fixed and mobile infrastructures across disparate networks.”

GENBAND has acquired Nortel’s softswitches, media gateways and application platforms and will combine the technology with its own media, session and security gateways, the company said.

The deal means GENBAND will now have strategic product and support facilities in Ottawa, North Carolina, Massachusetts, Maidenhead, Shanghai and Beijing, as well as strategic partners in India and Turkey.

GENBAND paid US$282 million, with balance sheet and other adjustments reducing the net purchase price to $182 million.

The company noted it bought the CVAS business with the help of existing shareholder One Equity Partners, a private equity firm.

“Today’s announcement represents another successful milestone while preserving Nortel’s carrier VoIP technology innovation and base of highly skilled employees,” said Nortel’s chief strategy officer George Riedel. “The sale of our CVAS business to GENBAND enables our global service provider customers to continue to benefit from Nortel’s industry-leading carrier VoIP and telephony expertise and long-standing track record in transitioning time-division multiplexing networks to VoIP.”

GENBAND was originally supposed to be the initial bidder in an auction of the CVAS business, but in February Nortel said it would instead sell the division directly to the U.S. company.

http://www.obj.ca/Technology/2010-05-28/article-1183291/Nortel-wraps-up-sale-of-CVAS-business-to-GENBAND%3B-almost-400-Ottawa-jobs-preserved/1

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Canadian economy grows 6.1% in first quarter

Posted by sweens on May 31, 2010

The Canadian economy was roaring in the first quarter, jumping ahead of even the rosy estimates of economists to post an oversized 6.1 per cent annualized advance during the first three months of 2010.

It was the largest quarterly expansion in more than a decade.

The number doubled what the U.S. economy managed to produce and bettered the consensus forecast for a 5.8 per cent increase.

As significant was that output in March, the last month of the quarter, advanced 0.6 per cent from February, giving the economy a strong hand-off to the second quarter.

With the Bank of Canada scheduled to make a decision on interest rates on Tuesday morning, the gross domestic product data is expected to add to the pressure on governor Mark Carney to move rates higher for the first time in about three years.

“It would take some fancy footwork for the Bank of Canada to pass on hiking rates tomorrow after the Canadian economy just doubled the U.S. quarter-one growth pace,” Scotiabank economists Derek Holt and Karen Cordes Woods wrote in a note.

“This is the strongest growth pace witnessed since 1999 and it is the latest evidence of how the Canadian economy and Canadian markets are outperforming much of the rest of the industrialized world.”

They noted that the level of the economic activity in Canada is now roughly back to where it stood prior to the recession taking hold in the fourth quarter of 2008.

One a quarter-over-quarter basis, GDP advanced 1.5 per cent following a 1.2 per cent increase in the fourth quarter.

Statistics Canada credited consumer spending, housing and manufacturing for the stellar results, but all industries were solidly in the plus column.

While markets expected a strong result, the oversized growth pushed the Canadian dollar up more than three-quarters of a cent to 95.89 cents US in light early trading. U.S. markets were closed for Memorial Day on Monday.

Economists caution that the torrid pace of growth cannot continue, and with European woes weighing down global prospects, the moderation in Canadian output may have already begun.

“We are of the view that much better-than-expected consumer spending and housing market performances so far this year came at the expense of future growth,” said TD Bank’s Diana Petramala.

“The recent spending spree has left consumers even more fatigued and highly indebted than ever. As interest rates begin to rise (as early as this week) and households have to devote a greater share of their income to servicing their debt, this may well constrain future consumer spending growth.”

http://www.obj.ca/Canada—World/2010-05-31/article-1196324/Canadian-economy-grows-6.1%25-in-first-quarter/1

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HST and You….

Posted by sweens on May 19, 2010

Starting July 1st, 2010, the federal GST in Ontario and British Columbia will be combined with the PST to be a value added harmonized tax (HST). Under the new HST, most goods and services will be subject to 13% tax in Ontario and 12% tax in British Columbia.

What does this mean?

Where the service is being provided in a non-harmonized province or a province which is already harmonized (i.e. NS, NB and NFLD), there will be no impact to your current process.

In order to ensure that the correct tax rate is used, please use the following as a guideline:

If the goods/services are supplied before July 1st and the service is being provided in ON or BC:

  • Please be sure to submit all hours and appropriate authorized paperwork (if applicable) worked up to June 30, by July 5
  • Please submit all expenses reports incurred for June or prior by July 5. Do not include any receipts post June 30th.

If the goods/services are supplied on or after July 1st and the service is being provided in ON or BC:

  • Your invoice date should be no earlier than July 1st
  • the “GST or HST Amount” on any invoice submitted should reflect 13% HST for ON or 12% HST for BC

What do I need to do?

Businesses that are registered for the GST would automatically be registered for the HST and, as a result, would continue to use their current GST/HST account number for HST. There would be no need to provide any new documentation for your current contract with Procom.

For full details and more information please click on the following:

http://www.cra-arc.gc.ca/gncy/hrmnztn/menu-eng.html

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Procom – Recognized by Branham 300 for Industry Leadership

Posted by sweens on April 1, 2010

 Branham Group published its annual Branham 300 List today and Procom was recognized as a leader in its industry for another consecutive year.  

On the list announced today, Procom was named 6 on the list of the Top 25 It Professional Services Companies and 22 on the list of the Top 250 Canadian Tech Companies, taking the number one spot amongst its competitors.

Published annually in Backbone Magazine and circulated in the National Post, the Branham 300 List recognizes Canada’s best performing Information Technology firms. The rankings, which are based on revenue growth, recognize Canadian IT firms for their strong performance and industry leadership. It is considered one of the premier industry performance metrics.

“Recognition by Branham is a significant honour” says Procom’s President & CEO Frank McCrea. “We believe that our commitment to integrity, flexibility and responsiveness has created a strong foundation upon which our company is built and it is this strong foundation that allows Procom to leverage its core competencies and experience continued growth.”

Procom – Procom Consultants Group is a leading IT Staffing & Project Solutions firm in North America and for 4 consecutive years has been named one of the 50 Best Managed Companies in Canada. Procom has 12 office locations, over 2800 IT Consultants and is responsible for the delivery of hundreds of IT projects annually. Procom offers its clients customized services in IT Staffing, Payroll Administration, and IT Project Solutions.

For more information visit: http://www.procom.ca or www.branham300.com

For additional information please contact:

Allison McCrea
Procom Consultants Group Ltd.
1-800-461-4878 ex 600
allisonm@procom.ca

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The end of an era…

Posted by sweens on March 31, 2010

Yesterday marked the end of an era for me. I rushed out of work in order to get to my hockey game on time. I took the usual drive down Carling Avenue and made the right hand turn onto Moodie Drive so I could catch the 417. Traffic seemed slower then normal though on Moodie and as I slowly moved up the road I saw what the hold up was. A large utility truck was parked on the right side with a crane adjusting the old Nortel sign.

Unfortunately they were not performing repairs on this sign. They were taking it down. The sign which for so many years has said Nortel was no longer there. It has been replaced by several smaller signs representing the companies that have bought divisions of Nortel like Ericsson and Avaya.

This to me was truly a symbolic end to the once upon a time Telecomm giant; a building, campus and culture known to many in the Ottawa area as a significant landmark in the city’s West end.

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So I ‘GOOGLEd’ myself…

Posted by sweens on March 24, 2010

The great thing about having my blog hosted through WordPress is that it tells me what search strings people have used to eventually lead them to my blog.  So I thought I would try one out and I ‘GOOGLEd’ my own name.  I was happy to see that my blog was now the first search GOOGLE was able to display. 

I think I am going to count this as a small victory in the world of blogging.  Others might refer to is as ‘egosurfing’ but I assure that my intentions for ‘GOOGLing’ myself were not to boost my own ego.

Some would suggest that searching yourself frequently is a good thing to monitor the view you have created for yourself on the web.  I know when I searched my name the options for ‘Tom Sweeney’ were endless as I am clearly not the only person with this name but there are many people with this name on Facebook, LinkedIn, Plaxo, ZoomInfo, etc.

Try it – let me know what you find…

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Video Blogging…

Posted by sweens on March 18, 2010

Is anyone doing it?  I see it becoming more and more of a tool that people are trying to experiment with but I do not personally follow anyone who does regular video blog or know of anyone who does.  It would be something I would consider doing and to be honest it is probably a lot of fun.  I think it could be a good recruitment tool for corporate recruiters. 

Anyone have any thoughts of comments on video blogging?

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Jobless rate rises to 6.1% despite employment gain in February

Posted by sweens on March 12, 2010

Published on March 12th, 2010
Krystle Chow
Ottawa Business Journal

Despite the addition of 1,400 jobs in the National Capital Region, the Ottawa-Gatineau unemployment rate edged up 0.1 percentage points to 6.1 per cent in February, according to new data released Friday by Statistics Canada.

The rise in the number of jobless people was largely as a result of an influx of workers into the local economy, with 2,300 people joining the Ottawa-Gatineau labour force.

The creation of jobs was repeated elsewhere in the country, leading to an overall employment gain of 21,000 and a 0.1-percentage-point decline in the unemployment rate, to 8.2 per cent.

 http://www.obj.ca/Local/2010-03-12/article-902970/Jobless-rate-rises-to-6.1%25-despite-employment-gain-in-February/1

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CPSA and so much other stuff…

Posted by sweens on March 11, 2010

I wish I had more time as of late to blog but it has just been crazy busy for me at the moment that I have not had much down time at work to dedicate to this.  I have a few minutes to breath right now so I thought I should write something down.  Maybe it will help me de-stress.

Firstly, my firm has been busy trying to get onto Cyber Protection Supply Arrangement (CPSA).  We usually partner with other companies to meet CPSA requirements so we thought why not go after that procurement vehicle and be less dependent on our partners.  It certainly was time consuming and took a lot of effort by many individuals but we got out bid in on time and I look forward to seeing how we did on it. 

I personally enjoy recruiting for CPSA as the people are generally good to deal with and there are high pay and bill rates so it definitely is a win-win for most successful placements.

On top of all of that, my firm is recruiting a large IT services bid which needs some very technical and very specific people.  It has proven to be a challenge but it has really down the strength of my office at this point.  I am looking forward to seeing the final results of this bid.

Oh and I can not forget my regular order flow. 

Is everyone else insanely busy right now?  Sometimes busy is good right?

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